X0201 4 2004-01-30 0 0000864839 ROYALE ENERGY INC ROYL 0001278544 HOSMER DONALD H 1 1 1 0 President; CEO Common Stock 918505 I by Royale Petroleum Corporation Common Stock 1547 D Call Options 2.03 2004-01-30 4 X 0 41026 D 1992-12-18 2005-12-18 Common 33447 0 I by Royale Petroleum Corporation Warrants 2.03 2004-01-30 4 X 0 6155 D 1993-11-03 2005-11-03 Common 5018 0 I by Royale Petroleum Corporation Warrants 1.35 2004-01-30 4 X 0 73847 D 1993-11-03 2005-11-03 Common 64753 0 I by Royale Petroleum Corporation Warrants 1.02 2004-01-30 4 X 0 49231 D 1993-11-03 2005-11-03 Common 44684 0 I by Royale Petroleum Corporation Call Options 2.03 1992-12-18 2005-12-18 Common 22154 D Royale Petroleum Corporation, of which filer is a 50% owner, acquired a total of 295,801 shares on exercise of options and warrants. The filer has reported 50% of the shares so acquired in this Form 4.The total number of shares owned in Table I gives effect to exercise of all of the options and warrants listed in Table II. The warrants and options listed in the above table were exercised in cashless exercises in which options and warrants equal to the total exercise price of the securities were withheld from the amount issued on exercise,based on the 5 day average closing price of the common stock for 5 days prior to exercise ($10.996 per share).The following options and warrants were exchanged for stock: $2.03 options - 82, 051 options exchanged for 33,447 shares $2. 03 warrants - 12, 309 warrants exchanged for 5,018 shares $1.35 warrants - 147,693 warrants exchanged for 64,753 shares $1.02 warrants - 98,461 warrants exchanged for 44,864 by Lee Polson, Attorney in Fact 2004-02-03