XML 22 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
NOTE 4 - STOCK COMPENSATION PLAN
6 Months Ended
Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
NOTE 4 – STOCK COMPENSATION PLAN

During the October 10, 2014 Board of Directors meeting, directors and executive offices of Royale Energy were granted 20,000 options each, 140,000 total, to purchase common stock at an exercise price of $5.00 per share. These options were granted for a period of 3 years and will expire after December 31, 2017.  These options become exercisable at 5,000 shares per period beginning October 13, 2014, January 1, 2015, April 1, 2015 and July 1 2015.  There were no stock compensation costs related to this option grant recognized during the six months ended June 30, 2016.  During the six months ended June 30, 2015, Royale recognized compensation costs of $62,745 relating to this option grant.