SOURCE: Royal Petroleum Corp.

August 28, 2009 16:00 ET

Royal Petroleum Corporation Completes Name Change

Announces a 1 for 1000 Stock Consolidation

MUSKOGEE, OK--(Marketwire - August 28, 2009) - Royal Petroleum Corporation (PINKSHEETS: RSOU) (PINKSHEETS: RYLP) (FRANKFURT: R7P) has received approval from FINRA and NASDAQ for the changing of the corporation's name to Regal Resources Inc. The company's new trade symbol is RSOU. This corporate action took effect at the open of business 08-28-09.

The company also has approved a 1 for 1000 reverse split (consolidation) on the company's common stock effective 08-28-09.

Regal Resources Inc. is in the process of developing its new corporate identity, including its new management, a new company website and the structuring of a public relations department to maintain a close liaison with its existing and new shareholders.

The company will provide this information via press release when concluded.

About Regal Resources Inc.

At Regal Resources Inc., our focus is on the acquisition of existing oil and gas wells, bringing them back into production for re-sale by using the latest technologies available. We strive to continually fulfill the energy requirements of tomorrow by partnering with various organizations and individuals committed to the exploration, development, and production of our domestically-abundant natural resources, with a primary focus on crude oil and natural gas. We believe the fundamentals still favor crude oil and natural gas as dominant commodities for the foreseeable future and it is absolutely necessary to look to our domestic sources for our energy needs in the future.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

Contact Information

  • Contact:
    Harold Tutt
    President
    Regal Resources Inc.
    303-657-2764