Royalite Petroleum Company Inc (RYPE) Finansal

Royalite Petroleum Co., Inc. is engaged in the acquisition and exploration of oil and gas properties in the United States. The company is headquartered in Austin, Texas. The firm holds interests in three oil and gas projects, including Airport Leases, Louisiana Leases and Central Hingeline Project. During the fiscal year ended April 30, 2008 (fiscal 2008), the Company does not own any productive wells or developed creage and has not discovered any oil or gas reserves. On July 7, 2008 the Company completed the disposition of its Worldbid operations.