SOURCE: Royal Energy Resources, Inc.

March 15, 2011 16:15 ET

Royal Energy Acquires Then Sells a 3 Percent Overriding Royalty Interest in Laramie County, Wyoming Oil and Gas Lease

Company Says It Was in Best Interests of Its Shareholders to Sell Off the Rights to the 1987 Mineral Acres

BROOKLYN, NY--(Marketwire - March 15, 2011) -  Royal Energy Resources, Inc. (OTCBB: ROYE) today announced that the Company has acquired then sold a 3 percent overriding royalty interest in Laramie County, Wyoming. This interest encompasses nearly 2,000 mineral acres and is scheduled to be developed by Denver-based Cirque Resources LP.

"While this acquisition would have fit well within our ever growing portfolio of Wyoming oil and gas mineral rights, we were offered an attractive price for the royalty interest by a private investor who has significant oil and gas holdings," said Jacob Roth, president of Royal Energy Resources, Inc. "Selling the rights for a quick profit was clearly in the best interests of our shareholders."

Royal has been acquiring overriding royalty interests in a number of properties in Wyoming. The Company has partnered with several well respected companies in the oil and gas industry to develop those properties.

"It is our mission to continue to seek out attractive oil and gas mineral rights royalty interests and partner with seasoned firms to develop the properties," said Roth. "However, if we are presented with a situation such as the Laramie County interest and deem it to be in the best interests of our shareholders to sell the royalty rights we will give serious consideration to such a transaction."

About Royal Energy Resources, Inc.

Royal Energy Resources, Inc. ("Royal" or the "Company"), is an oil and gas development stage exploration and production company and currently owns interests in Platte, Goshen and other counties in Wyoming. Royal has developed a corporate strategy of identification, acquisition and development of domestic oil and gas reserves, thereby reducing U.S. dependence on foreign oil.

Safe Harbor Statement

Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This material is for informational purposes only and is not an offer or solicitation to buy or sell the securities.

Contact Information

  • Contact:
    Royal Energy Resources, Inc.
    Jacob Roth
    Ph: (800) 620-3029