NOTE 6 - SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2016

Subsequent Events [Abstract]

Subsequent Events [Text Block]

NOTE 6 – SUBSEQUENT EVENTS

On April 19, 2016, Royale Energy issued 622,316 restricted common shares to one individual in exchange for cash proceeds of $200,000 under a private placement (Reg. D) stock sale.

On September 14, 2015, Hemco Development, LLC (“Hemco”) filed a complaint, asserting that the Company owed Hemco $451,080.10 for the Company’s share of operating costs. On April 29, 2016, the Company entered into a settlement agreement with Hemco which includes payment of a reduced amount over time and the assignment of well interests.  The final payment is scheduled for October 1, 2016.  A dismissal with prejudice of the entire lawsuit is yet to be filed by Hemco.  As of March 31, 2016, the Company has recorded a liability within its accounts payable due to Hemco of $451,080.10.