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SAN DIEGO, July 31, 2018 (GLOBE NEWSWIRE) -- Royale Energy, Inc., (OTCQB : ROYL) is pleased to announce the election of 4 new members to its board of directors. Mel Riggs, Robert Vogel, Tom Gladney and Barry Lasker received the vote of the company’s shareholders as recommended in the proxy.
Following the election, the board voted to appoint Mel G. Riggs to the position of chairman. Presently Mr. Riggs is affiliated with the Clayton Williams group of companies and has previously served as President of Clayton Williams Energy, Inc.
Jonathan Gregory was re-elected to the board and selected as vice-chairman. Mr. Gregory has served on Royale’s board since 2014. Mr. Gregory is the chief executive officer of RMX Resources, LLC, the developer of the Los Angeles Basin, Sansinena Field.
Johnny Jordan and Rod Eson were also re-elected. Mr. Jordan currently serves as Royale’s chief operating officer, and Mr. Eson is the current chief executive officer.
Tom Gladney, since 2006, has served as president of privately held Bodog Resources, LLC, as a wholly owned private entity which invests in oil and gas, water treatment oil field services, and real estate. Mr. Gladney previously served as executive vice president of Plains Exploration and Production Company (PXP) where he helped increase proved reserves from 239 MMEB to more than 400 MMEB while directing various projects to include integration of the merger of two large public companies, work on development and exploration projects in the Gulf of Mexico and on several key engineering projects.
Barry Lasker has served as founder and managing partner of Baja Oil and Gas LLC, which is focused on exploration projects using geology and geophysics in South Texas since 2017. From January 2005 to January 2015, Mr. Lasker served as president and CEO of Enhanced Oil Resources, Inc. (TSX Venture Exchange). Mr. Lasker has 34 years of oil and gas experience with majors and small public and private companies.
Robert Vogel is a Principal at Lucas Capital Management, a registered investment advisor providing a full suite of financial services to individuals and institutional clients. He is a seasoned executive with extensive background in the energy industry.
Harry E. Hosmer, Royale’s founder and chairman of the board since its inception, retired from board and was named chairman emeritus.
About Royale Energy. Inc.
Royale Energy, Inc. (OTCQB: ROYL) is an independent exploration and production company focused on the acquisition, development, and marketing of oil and natural gas. The Company has its primary operations in California’s Los Angeles and Sacramento Basins.
In addition to historical information contained herein, this news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, subject to various risks and uncertainties that could cause the company’s actual results to differ materially from those in the “forward-looking” statements. While the company believes its forward looking statements are based upon reasonable assumptions, there are factors that are difficult to predict and that are influenced by economic and other conditions beyond the company’s control. Investors are directed to consider such risks and other uncertainties discussed in documents filed by the company with the Securities and Exchange Commission.