CALGARY, Alberta, Sept. 19, 2006 (PRIMEZONE) -- Royal Petroleum Corp. (Other OTC:RYLP) announced that the Company has initiated the process to obtain a listing on a European Stock Exchange. The decision reflects a continued growing interest among European based investors in the oil and gas industry.
The application is being made to a major stock exchange in Europe. Further details will follow as they develop. The listing would offer a more liquid market to existing shareholders and create more exposure for Royal Petroleum's Oil and Gas interests. Once approved the listing on a European Exchange with such large market visibility will make investing more accessible to new share holders.
About Royal Petroleum Corp.
Royal Petroleum Corp. is focused on crude oil and natural gas. This production is accumulated via two different strategies: acquisition of existing oil and gas wells and bringing them back into production using the latest technologies and drilling of new oil and gas wells where the geology permits. Royal Petroleum Corp. has the enviable position of being one of the lowest cost producers in North America because of our approach.
Royal Petroleum Corp. provides its geological and management expertise for all projects developed within the U.S. Royal Petroleum Corp. is a junior oil and gas exploration company.
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.