Royale Energy, Inc. — fact timeline

Royale Energy, Inc. engaged BDO USA, P.C. as its auditor.

“the Company, through and with the approval of its Audit Committee, appointed BDO as its independent registered public accounting firm.”

Horne LLP resigned as auditor of Royale Energy, Inc..

“ovember 1, 2025, the partners and professional staff of Horne LLP (“Horne”), which was engaged as the independent registered public accounting firm of the registrant, Royale Energy, Inc. (the “Company”), joined BDO USA, P.C. (“BDO”). As a result of this transaction, Horne resigned as the Company’s independent registered public accounting firm on October 31, 2025. On November 3, 2025, following the resignation of Horne, the Company, through and with the approval of its Audit Committee, appointed”

Royale Energy, Inc. completed an acquisition involving Pradera Fuego, LP for $1,500,000 (closed 2025-09-03).

“On September 3, 2025, pursuant to the assignments described above, the Company acquired various non-operated working interests in producing oil and gas leases and related property for cash consideration of $1,500,000.”

Royale Energy, Inc. incurred term loan of $1,400,000 with Walou Investments, LP at 18.00% maturing August 1, 2025.

“the administrative agent for the Lenders (“ Agent ”). Pursuant to the Note, the Initial Lender agreed to make an initial loan to the Company in the aggregate principal amount of $1,400,000 (the “ Initial Loan ”), and the Additional Lenders may make one or more additional loans (the “ Additional Loans ” and, together with the Initial Loan, the “ Term Loans ”) which,”

Royale Energy, Inc. entered into Secured Term Loan Note with Walou Investments, LP valued at $1,400,000 (effective 2024-02-09).

“On February 9, 2024 (the “ Closing Date ”), Royale Energy, Inc., a Delaware corporation (the “ Company ”), entered into a Secured Term Loan Note (the “ Note ”) with Walou Investments, LP, a Texas limited partnership (the “ Initial Lender ”)”

Royale Energy, Inc. shareholders approved Advisory approval of the Company's executive compensation at the 2023-12-06 meeting.

“The following votes were cast on the advisory approval of the Company’s executive compensation. Number of Votes Voted For Number of Votes Voted Against Number of Votes Abstaining Number of Broker Non-Votes 57,838,987 1,221,229 1,739,883 8,243,162”

Royale Energy, Inc. shareholders approved Ratification of the appointment of Horne LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-12-06 meeting.

“The following votes were cast in the ratification of the appointment of Horne LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. Number of Votes Voted For Number of Votes Voted Against Number of Votes Abstaining Number of Broker Non-Votes 66,785,923 2,093,407 163,836 0”

Royale Energy, Inc. shareholders approved Election of nominees to the Board of Directors at the 2023-12-06 meeting.

“The following votes were vast in the election of the Board of Directors: Nominee Number of Votes Voted For Number of Votes Withheld Number of Broker Non-Votes Johnny Jordan 59,962,075 836,019 8,243,162 Jonathan Gregory 59,837,075 958,024 8,243,162 John Sullivan 59,850,868 944,231 8,243,162 Jeff Kerns 60,148,613 649,481 8,243,162 Stephen Hosmer 60,062,313 735,781 8,243,162 Chris Parada 60,156,613 641,481 8,243,162”

Royale Energy, Inc. engaged Horne LLP as its auditor.

“the Audit Committee of the Board of Directors of Royale Energy, Inc. (the “Company”) appointed Horne LLP (“Horne”) as the Company's independent registered public accounting firm”

Ronald Lipnick was appointed as Chief Financial Officer and Principal Accounting Officer at Royale Energy, Inc..

“On January 25, 2022, the Board appointed Ronald Lipnick, the Company’s Controller, as the Company’s Chief Financial Officer and Principal Accounting Officer on an interim basis until a regular full time replacement for these positions can be found.”

Stephen M. Hosmer was appointed as director at Royale Energy, Inc..

“On January 25, 2022, the board of directors of the Company (the “ Board ”) appointed Stephen M. Hosmer, former Chief Financial Officer of the Company, as a director to fill a vacancy on the Board.”

Stephen M. Hosmer resigned as Chief Financial Officer, Secretary and Principal Accounting Officer at Royale Energy, Inc..

“On January 25, 2022, Stephen M. Hosmer, the Chief Financial Officer, Secretary and Principle Accounting Officer of Royale Energy, Inc. (the “ Company ”), announced his voluntary resignation, effective January 31, 2022, from any and all positions as an employee, officer, manager, director or similar position with the Company and all of its subsidiaries.”