[D] Royale Energy, Inc. SEC Filing

Rhea-AI Filing Summary

Royale Energy, Inc. filed a Form D notice for a Rule 506(c) exempt offering seeking up to $5,714,000. The filing reports $50,000 has been sold to date, leaving $5,664,000 available. The offering is a new notice with first sale reported on 2025-09-24. Minimum investment is $25,000. The issuer lists key executives and directors at its El Cajon, California address and identifies its industry as Oil & Gas. The issuer indicates the offering will not last more than one year, claims exemption under Rule 506(c), and reports 1 investor to date. The CEO, Johnny Jordan, signed the notice on behalf of the company.

Positive

• Clear offering size: Target aggregate amount is $5,714,000
• Initial subscription: $50,000 already sold
• No sales commissions or finders' fees reported (both listed as $0)
• Use of proceeds to insiders reported as $0

Negative

• Low initial uptake: only $50,000 sold against a $5,714,000 target
• Only one investor reported to date
• Minimum investment of $25,000 may limit broader investor participation

Insights

Securities Offering Analyst

TL;DR: Form D shows a Rule 506(c) offering targeting $5.7M with $50k sold and a $25k minimum investment, limited initial uptake.

The filing documents a private placement under Rule 506(c), which permits general solicitation if purchasers are accredited. The issuer set a substantial target size of $5,714,000 but has reported only $50,000 in sales so far, indicating early-stage capital raise activity. A reported single investor and no sales commissions or finder's fees suggest a lean distribution approach. The minimum $25,000 threshold positions the offering toward larger individual or institutional accredited investors. For investors and advisers, material items are the exemption relied upon, the offering size, amount sold, reported investor count, and the issuer's industry classification.

Corporate Finance Specialist

TL;DR: The company is initiating a modest-capital oil & gas raise; proceeds and uptake to date are limited but the target is material for a small issuer.

The Form D discloses the aggregate offering amount and remaining availability, providing clear capital-raising targets. The absence of sales commissions and finders' fees reduces near-term cash drag. The $25,000 minimum suggests management seeks larger commitments rather than broad retail participation. The filing does not disclose use-of-proceeds amounts directed to insiders (reported $0), which is relevant for corporate governance assessment. Overall, this is a routine private placement notification with limited indication of traction based on reported sales.

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM D

Notice of Exempt Offering of Securities

OMB APPROVAL

OMB Number:			3235-0076
Estimated average burden
hours per response:			4.00

1. Issuer's Identity

CIK (Filer ID Number)

Previous Names

None

Entity Type

0001694617

Royale Energy Holdings, Inc.

X	Corporation
	Limited Partnership
	Limited Liability Company
	General Partnership
	Business Trust
	Other (Specify)

Name of Issuer

Royale Energy, Inc.

Jurisdiction of Incorporation/Organization

DELAWARE

Year of Incorporation/Organization

X	Over Five Years Ago
	Within Last Five Years (Specify Year)
	Yet to Be Formed

2. Principal Place of Business and Contact Information

Name of Issuer
Royale Energy, Inc.
Street Address 1		Street Address 2
1530 HILTON HEAD RD		Suite 205
City	State/Province/Country	ZIP/PostalCode	Phone Number of Issuer
EL CAJON	CALIFORNIA	92019	(619) 383-6600

3. Related Persons

Last Name	First Name	Middle Name
Parada	Chris
Street Address 1	Street Address 2
1530 Hilton Head Road	Suite 205
City	State/Province/Country	ZIP/PostalCode
El Cajon	CALIFORNIA	92019

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Chairman of the Board

Last Name	First Name	Middle Name
Gregory	Jonathan	Mark
Street Address 1	Street Address 2
1530 Hilton Head Road,	Suite 205
City	State/Province/Country	ZIP/PostalCode
El Cajon	CALIFORNIA	92019

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Vice Chairman of the Board

Last Name	First Name	Middle Name
Jordan	Johnny
Street Address 1	Street Address 2
1530 Hilton Head Road	Suite 205
City	State/Province/Country	ZIP/PostalCode
EL CAJON	CALIFORNIA	92019

Relationship: X Executive Officer X Director Promoter

Clarification of Response (if Necessary):

CEO, President, COO

Last Name	First Name	Middle Name
Sullivan	John
Street Address 1	Street Address 2
1530 Hilton Head Road	Suite 205
City	State/Province/Country	ZIP/PostalCode
El Cajon	CALIFORNIA	92019

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Kerns	Jeff
Street Address 1	Street Address 2
1530 Hilton Head Road	Suite 205
City	State/Province/Country	ZIP/PostalCode
El Cajon	CALIFORNIA	92019

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Last Name	First Name	Middle Name
Hosmer	Stephen	Mark
Street Address 1	Street Address 2
1530 Hilton Head Road	Suite 205
City	State/Province/Country	ZIP/PostalCode
El Cajon	CALIFORNIA	92019

Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):

Secretary of the Board

Last Name	First Name	Middle Name
Lipnick	Ronald
Street Address 1	Street Address 2
1530 Hilton Head Road	Suite 205
City	State/Province/Country	ZIP/PostalCode
El Cajon	CALIFORNIA	92019

Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):

CFO

4. Industry Group

Agriculture

Banking & Financial Services

Commercial Banking

Insurance

Investing

Investment Banking

Pooled Investment Fund

Is the issuer registered as
an investment company under
the Investment Company
Act of 1940?

Yes No

Other Banking & Financial Services

Business Services

Energy

Coal Mining

Electric Utilities

Energy Conservation

Environmental Services

X Oil & Gas

Other Energy

	Health Care
	Biotechnology
	Health Insurance
	Hospitals & Physicians
	Pharmaceuticals
	Other Health Care
	Manufacturing
	Real Estate
	Commercial
	Construction
	REITS & Finance
	Residential
	Other Real Estate

Retailing

Restaurants

Technology

Computers

Telecommunications

Other Technology

Travel

Airlines & Airports

Lodging & Conventions

Tourism & Travel Services

Other Travel

Other

5. Issuer Size

Revenue Range		OR	Aggregate Net Asset Value Range
	No Revenues			No Aggregate Net Asset Value
	$1 - $1,000,000			$1 - $5,000,000
	$1,000,001 - $5,000,000			$5,000,001 - $25,000,000
	$5,000,001 - $25,000,000			$25,000,001 - $50,000,000
	$25,000,001 - $100,000,000			$50,000,001 - $100,000,000
	Over $100,000,000			Over $100,000,000
X	Decline to Disclose			Decline to Disclose
	Not Applicable			Not Applicable

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

		Rule 504(b)(1) (not (i), (ii) or (iii))
		Rule 504 (b)(1)(i)
		Rule 504 (b)(1)(ii)
		Rule 504 (b)(1)(iii)
		Rule 506(b)
	X	Rule 506(c)
		Securities Act Section 4(a)(5)

Investment Company Act Section 3(c)

Section 3(c)(1) Section 3(c)(9)

Section 3(c)(2) Section 3(c)(10)

Section 3(c)(3) Section 3(c)(11)

Section 3(c)(4) Section 3(c)(12)

Section 3(c)(5) Section 3(c)(13)

Section 3(c)(6) Section 3(c)(14)

Section 3(c)(7)

7. Type of Filing

X	New Notice			Date of First Sale	2025-09-24				First Sale Yet to Occur
	Amendment

8. Duration of Offering

Does the Issuer intend this offering to last more than one year? Yes X No

9. Type(s) of Securities Offered (select all that apply)

	Equity		Pooled Investment Fund Interests
	Debt		Tenant-in-Common Securities
	Option, Warrant or Other Right to Acquire Another Security	X	Mineral Property Securities
	Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security		Other (describe)

10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer? Yes X No

Clarification of Response (if Necessary):

11. Minimum Investment

Minimum investment accepted from any outside investor $25,000 USD

12. Sales Compensation

Recipient	Recipient CRD Number X None
(Associated) Broker or Dealer X None	(Associated) Broker or Dealer CRD Number X None
Street Address 1	Street Address 2
City	State/Province/Country	ZIP/Postal Code
State(s) of Solicitation (select all that apply) Check "All States" or check individual States All States	Foreign/non-US

13. Offering and Sales Amounts

Total Offering Amount	$5,714,000	USD	or Indefinite
Total Amount Sold	$50,000	USD
Total Remaining to be Sold	$5,664,000	USD	or Indefinite

Clarification of Response (if Necessary):

14. Investors

Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering.

Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:

1

15. Sales Commissions & Finder's Fees Expenses

Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

Sales Commissions	$0	USD	Estimate
Finders' Fees	$0	USD	Estimate

Clarification of Response (if Necessary):

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$0

USD

Estimate

Clarification of Response (if Necessary):

Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.

Terms of Submission

In submitting this notice, each issuer named above is:

• Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, in the accordance with applicable law, the information furnished to offerees.*

• Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against the issuer in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.

• Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).

Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.

For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

Issuer	Signature	Name of Signer	Title	Date
Royale Energy, Inc.	Johnny Jordan	Johnny Jordan	Chief Executive Officer	2025-09-29

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

* This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. L. No. 104-290, 110 Stat. 3416 (Oct. 11, 1996)] imposes on the ability of States to require information. As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority.

FAQ

What is the total amount Royale Energy (ROYL) is seeking in this Form D filing?

The filing lists a total offering amount of $5,714,000.

How much has Royale Energy (ROYL) sold so far under this offering?

The Form D reports $50,000 sold to date, leaving $5,664,000 remaining.

What exemption is Royale Energy relying on for the offering?

The issuer claims an exemption under Rule 506(c) of Regulation D.

What is the minimum investment required for this offering?

The minimum investment accepted from any outside investor is $25,000.

How many investors have participated so far in the ROYL offering?

The filing reports a total of 1 investor to date.