Royale Energy Inc. reported earnings results for the first quarter of 2013. As a result of its efforts to reduce costs during the recent cycle of lower gas prices and production, the company decreased its net loss of $1,365,668 or $0.13 per share for the first quarter of 2012 to $1,355,797 or $0.11 per share for the same period in 2013. While Total Revenues declined 32.8% from $701,578 in first quarter of 2012 to $471,666 in first quarter of 2013, the reduction of bank debt and G&A expenses lifted Cash Flow from Operations from $303,522 in the first quarter of 2012 to $401,190 in 2013. The first quarter's Cash Flow from Operation represents a 77% improvement over the full year's 2012 cash flow from operation of $226,193.

Royale Energy Inc. announced that at the annual meeting of shareholders to be held on June 28, 2013 it will propose to amend the company's Articles of Incorporation to increase the authorized shares of the company's capital stock from 30,000,000 to 60,000,000 shares, including 50,000,000 common shares and 10,000,000 preferred shares.

Royale Energy Inc. announced earnings results for the year ended December 31, 2012. For the period, the company reported total revenue of $4,394,745 against $11,532,410 for the same period last year. Loss from operations was $4,338,156 against $5,782,529 for the same period last year. Loss before income tax expense was $4,526,117 against $5,920,747 for the same period last year. Net loss was $11,961,026 or $1.07 per diluted share against $4,188,241 or $0.39 per diluted share for the same period last year, was largely due to a non-cash valuation allowance of the company's deferred tax assets. It reflects positive cash flow from operations for the third consecutive year. The company plans to drill 3 wells in California's Sacramento Basin in the coming month, and together with the announced plans for a joint venture to develop its key Alaska property, management remains optimistic for the company's and the industry's outlook.