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Royal Energy Resources, Inc. Enters into Agreement for Drilling Participation Rights in Oklahoma

^{Published on 2010-05-21 15:35:15 - Market Wire}
 

BROOKLYN, N.Y.--([ BUSINESS WIRE ])--Royal Energy Resources, Inc. (OTCBB: ROYE) announced today that the company had entered into an agreement which grants it a right of first refusal to participate in the next 25 wells drilled by North American Explorations. The drilling activity is limited to Washington County, Oklahoma and the participation rights are capped at a 25% working interest.

"With the rising price of oil, we believe these small stripper well projects could be quite profitable for our company considering the relatively low costs to drill the well."

Jacob Roth, CEO of Royal Energy Resources, Inc. stated, "With the rising price of oil, we believe these small stripper well projects could be quite profitable for our company considering the relatively low costs to drill the well."

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