Royale Board Names Johnny Jordan as New CEO
07 Janeiro 2019 - 2:56PM
Royale Energy, Inc., (OTCQB : ROYL) today
announced the appointment of Johnny Jordan to succeed Rod Eson as
Chief Executive Officer (CEO). Following Mr. Eson’s decision to
step down to focus attention on personal business matters, the
company’s board of directors unanimously selected Johnny Jordan to
serve as CEO.
Mr. Eson, who will continue to serve as a member of the board of
directors, said “I am pleased to allow Mr. Jordan the opportunity
to assume the leading role in this exciting new phase of company
growth.”
Mr. Jordan became President and Chief Operating Officer as a
result of the merger between Royale and Matrix in early 2018 and
serves as a member of the board of directors.
Mr. Jordan is a petroleum engineer with expertise in
acquisitions, field economics and reserves analysis, bank
negotiations, reservoir and field operations, and multi-team
interaction. Mr. Jordan has been active in the oil and gas industry
since 1980 beginning as a floor hand on a well service rig. He has
held various staff and supervisory positions for Exxon, Mack
Energy, EOG and Venoco Corporation. As the leader of a
multi-discipline team he added 455 BCF and 79 MMCFD through
acquisitions (71 BCF) and field development (365 wells) in the Val
Verde Basin in West Texas. Mr. Jordan has managed acquisition
evaluations in many of the oil and gas producing basins in the US
and has coordinated field development for various recovery
mechanisms that include waterflood, tertiary flood, water drive oil
and gas reservoirs, and pressure depletion fields with gas cap
expansion or gravity drainage.
Mr. Jordan received a B.S. in Chemical Engineering from the
University of Oklahoma in 1983 and is currently a member of the
Society of Petroleum Engineers and the American Petroleum
Institute.
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.
Forward-Looking Statement 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.
Contact: Royale Energy, Inc. Chanda Idano
Director of Marketing & PR 619-383-6600 chanda@royl.com
http://www.royl.com
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