ROYALE ENERGY - Key Persons


CHRIS PARADA

Job Titles:
  • DIRECTOR
  • Vice President of Business Development for Finergy Capital / EnRes Resources
Mr. Parada currently serves as Vice President of Business Development for Finergy Capital/EnRes Resources, an alternative investment fund providing structured capital solutions to upstream oil and gas companies. Additionally, Mr. Parada serves as President of Counter Point Consulting LLC, which he founded in 2019. Counterpoint provides a variety of consulting and contract CFO/VP Finance services to upstream and midstream clients. Prior to joining Finergy/EnRes, Mr. Parada served as Managing Director at Ten Oaks Energy Advisors form April 2020 to February 2021. Prior to 2019, Mr. Parada was an energy banker for over 25 years, most recently, as Managing Director - Head of Energy Finance for Legacy Texas Bank (2013-2019) where he started and built the Energy Finance team for Legacy Texas. While at Legacy Texas, Mr. Parada and the team successfully closed over $1.5 billion in transactions while he managed a team of seven professionals. Over the course of his career in banking, Mr. Parada has originated, led and syndicated several direct and multibank credit facilities of $10-$500 million. Mr. Parada graduated in 1993 from Texas A&M University with a B.B.A. in Finance.

DONALD H. HOSMER - Founder

Job Titles:
  • Co - Founder
In October 1985 Mr. Hosmer, along with his father and brothers, founded Royale Petroleum Corporation. In October 1986, Royale Energy, Inc. (the Company) was incorporated in order to combine the function of the prior two companies in preparation for the involvement of outside shareholders for the first time. Mr. Hosmer was responsible for the funding of over $150,000,000 in oil and natural gas drilling. He has successfully directed the funding of 200 oil and natural gas wells throughout the major geologic basins in the US. Under his leadership Royale became one of the largest natural gas producer in California.

JAY SCHEEVEL

Job Titles:
  • Advisory Company Consultant
Mr. Scheevel has worked for Royale since the merger with Matrix in 2018. He has worked since 1981 as a Geologist / Geophysicst in exploration and development projects worldwide for Chevron, Matrix Oil, and Royale. He is working for Royale in its California drilling projects at Rio Vista Field, the West Whittier Field and the Sansinena Field. He has a BS in Geology from the University of Illinois and a MS in Geology from Texas A&M University.

JEFFREY KERNS

Job Titles:
  • DIRECTOR
  • Advisory Company Consultant
Mr. Kerns has served on the Board of Directors and been a consultant advisor to Royale Energy since its merger with Matrix Oil and Matrix Oil Management Corporation in 2018. He was a co-founder of Matrix Oil in 1999. He has worked as a Petroleum Engineer since 1981 for Mobil, Venoco, Matrix and Royale. For Royale he advised on LA Basin oil projects. He has a BS in Petroleum Engineering from Stanford University. Mr. Kerns was a founding partner of Matrix Oil Corp in 1999, which merged with Royale Energy, Inc. nearly 20 years later in 2018. As a director and officer of Matrix, Mr. Kerns participated in growing the Company from zero production to owning and operating nearly 500 bbls of oil per day. Mr. Kerns was involved in all aspects of the Company's growth, but his primary focus was day to day operations. Mr. Kerns started in oil and gas business over 40 years ago as a roughneck in North Dakota working on rigs that drilled through the now famous Bakken Shale heading for deeper targets. Prior to Matrix Oil Corp, Mr. Kerns has held various staff and supervisory positions with Mobil Oil Corp (now ExxonMobil) and Venoco Inc, a small independent company headquartered in Santa Barbara, CA. He also gained broad skills working for many years as a consultant in the oil and gas business. Mr. Kerns is a registered Professional Engineer in the state of CA. He received a BS degree from Stanford University in 1979. He served as an elected public official for 10 years on the local sanitary district board of directors as well as serving as president of a local Rotary International club and president of the San Joaquin Chapter of the American Petroleum Institute and has maintained a long term affiliation with SPE.

JOHN SULLIVAN - Chairman

Job Titles:
  • CHAIRMAN of the BOARD
Mr. Sullivan has 40 plus years of broad based experience as an entrepreneur and serving in corporate management. He is a Principal of LTD Consulting Services LLC which provides consulting and management services to private and public companies in the United States and in Southeast Asia. Previously, he held the position of Sr. Director at MMI International ("MMI"), a privately held, global supplier to the Data Storage, Aerospace and Oil and Gas industries. As a Director at MMI, he oversaw the sales and global operations for the Precision Forming Group, a division of MMI, with $250M in annual sales. Prior to MMI, he served as Director of Operations, Chief Operating Officer and President of Intra-Plex Technologies, Inc, which provided key technical resources and manufacturing functions to technology and medical industry clients. Prior to Intra-Plex, Mr. Sullivan had management and transaction experience with K.R. Precision Public Co. Ltd., and ADT International. Mr. Sullivan brings his years of experience in management and Board leadership to Royale Energy and will serve to optimize strategy, corporate governance and project deliverable optimization.

JOHNNY JORDAN

Job Titles:
  • Petroleum Engineer
  • Chief Executive Office, President, Chief Operating Officer and Director
  • CHIEF EXECUTIVE OFFICER, PRESIDENT, CHIEF OPERATING OFFICER and DIRECTOR
Mr. Jordan is a petroleum engineer with expertise in acquisitions, field economics and reserves analysis, bank negotiations, reservoir and field operations, and multi-team interaction. Mr. Jordan served on the Board of Directors of Matrix and currently serves on RMX Resources and CIPA Board of Directors. Mr. Jordan has been active in the oil and gas industry since 1980 beginning as a floor hand on a well service rig. He has held various staff and supervisory positions for Exxon, Mack Energy, Enron Oil and Gas and Venoco Corporation. He co-founded Matrix Oil Corporation in 1999 and served as its president until its merger with Royale in 2018. Mr. Jordan is a member of the Society of Petroleum Engineers, American Petroleum Institute and the Texas Independent Producers and Royalty Owners Association. Mr. Jordan has managed acquisition evaluations in many of the oil and gas producing basins in the US. Mr. Jordan received a B.S. in Chemical Engineering from the University of Oklahoma in 1983.

JONATHAN GREGORY

Job Titles:
  • VICE - CHAIR of the BOARD of DIRECTORS
  • Member of Houston Producers Forum
Mr. Gregory brings over 25 years of experience in the oil and gas industry, including a 25-year banking career where he focused primarily on reserve-based lending to both private and public oil and gas companies. Most recently, he served as chief financial officer for a private independent exploration and production company, where he was actively engaged in raising equity and in acquisitions and development activities. Mr. Gregory is a member of Houston Producers Forum, Houston Energy Finance Group, and ADAM Houston Energy Network. He is a Co-Founder of Bread of Life, Inc., a non- profit organization committed to empowering homeless Houstonians. Mr. Gregory also serves as a director of Small Steps Nurturing Center, a non-profit Christian organization that provides early childhood education for economically at-risk children in inner-city Houston, Texas.

MICHAEL MCCASKEY

Job Titles:
  • Advisory Company Consultant
Mr. McCaskey has served on the Board of Directors and been a consulting advisor to Royale Energy since its merger in 2018 with Matrix Oil Management Corporation and Matrix Oil Corporation. Currently, Mr. McCaskey serves on the Board of Directors of RMX Resources LLC, a Texas Limited Liability Company. He is currently President of PEM Management Corporation, a CA corporation which serves as a Family Office consulting and investment firm. He has formally served as President of Matrix Oil Management Corporation, Vice President and Secretary of Matrix Oil Corporation and served on the Board of Directors of both companies since 1999. He has worked in both exploration and field development as a Petroleum Geologist since 1980 for ARCO Exploration, Union Oil of California, Venoco and Matrix. During those working years he has been involved in over 200 drilling projects. For Royale he has advised management and assisted with geologic evaluations of the 2018 and 2019 Rio Vista drilling project and recently the Jameson North drilling efforts in 2020. He has a BS and MS in Geology from Texas A&M.

RONALD LIPNICK

Job Titles:
  • Interim Chief Financial Officer
Mr. Lipnick has been with The Company since May 1993 and has been the Controller since February 1994. He is responsible for the Company's accounting operations from daily accounting activities and general ledger reconciliation to the preparation of financial statements for the Company's SEC quarterly 1OQ and year-end 10K filings. He also works closely with Royale's certified public accountants during their yearly audits. Ron has more than 13 years of experience in the accounting field. He has a Bachelor of Science in Accounting and a Master of Business Administration in Finance from Oral Roberts University, Tulsa, Oklahoma.

STEPHEN M. HOSMER

Job Titles:
  • DIRECTOR
Mr. Hosmer joined Royale Energy, Inc. in 1988. He has over 32 years of oil and gas experience and has helped the company develop oil and natural gas fields in Texas, Louisiana, Oklahoma, Utah, California and Alaska. He serves on the board for Venture Expeditions and Exile International. He holds a Masters of Business Administration (MBA) degree from Pepperdine University.

Strawn Sands

Strawn Sands have high porosity of 18-24% and moderate permeability of 150 to 300 md (marine sand). The Strawn has an average 81,000 barrels of oil and 230,000 MCF of reserves per well and they initially produce an average of 85 barrels per day of oil and 215 MCF per day of natural gas.