SOURCE: Royal Energy Resources, Inc.

March 07, 2011 08:00 ET

Royal Energy Obtains 3% Overriding Royalty Interest in Platte and Goshen Counties, Wyoming Oil & Gas Lease

Interest Encompasses More Than 360 Mineral Acres to Be Developed by Wyoming-Based Carpenter & Sons

BROOKLYN, NY--(Marketwire - March 7, 2011) - Royal Energy Resources, Inc. (OTCBB: ROYE) today announced that the Company has acquired a 3% overriding royalty interest in Platte and Goshen Counties, Wyoming. The interest encompasses 360 mineral acres and will be developed by Wyoming-based Carpenter & Sons.

"With this latest acquisition, we continue to add to our portfolio of Wyoming oil and gas mineral rights," said Jacob Roth, President of Royal Energy Resources, Inc. "We have great confidence that with Carpenter & Sons' experience and expertise in the industry, we can maximize our oil and gas production with this latest interest."

Royal recently announced it has acquired a 3% overriding royalty interest in Niobara County, Wyoming. This interest encompasses 80 mineral acres, and the oil and gas production will be developed by Black Diamond Minerals, LLC., a Denver, Colorado-based company. Black Diamond operates more than 100 wells in Wyoming and Colorado focusing on long lived oil and gas properties in the Rockies.

"The current situation in the Middle East underscores the importance of domestic companies to free us of our dependence on foreign oil and gas," stated Roth. "Concurrently, we need to take advantage of the opportunities that will create greater value for our shareholders," he added.

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
    President
    Ph: (800) 620-3029