Royale Energy Accelerates 2004 Stock Dividend

With strong 1st-Qtr. results and the expectation of continued growth through the balance of 2004, the Company will issue all four of the announced 2004 quarterly stock dividends in a one time issuance as a 28% stock split for all shares of record June 30th, 2004.

Headquartered in San Diego, Royale Energy Inc. (NASDAQ:ROYL) engages in the exploration and development of domestic oil and or natural gas, through the application of modern computer-aided exploration technology. Royale Energy has been a leading independent producer of oil and natural gas for nearly 20 years. The Company's strength is continually reaffirmed by investors who participate in funding over 50% of the Company's new projects.
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