ROYALE ENERGY INC

Ticker: ROYL CUSIP: 78074G200 Class: COM NEW

Tower Research Capital LLC (TRC)'s Holding History (CIK: 0001533421)

Note: Option positions (PUT/CALL) are excluded.

Q2 2015

Shares 426 Value ($000) $0 Avg Close $1.61 Range $1.15 - $1.84

Q1 2015

Shares 2,105 Value ($000) $3 Avg Close $1.82 Range $1.55 - $2.18

Q4 2014

Shares 200 Value ($000) $0 Avg Close $2.43 Range $2.01 - $2.98

Q4 2013

Shares 1,546 Value ($000) $4 Avg Close $2.63 Range $2.46 - $2.83

Q3 2013

Shares 10,311 Value ($000) $28 Avg Close $2.76 Range $2.49 - $3.16

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	426	$0	$1.61	$1.15 - $1.84
Q1 2015	2,105	$3	$1.82	$1.55 - $2.18
Q4 2014	200	$0	$2.43	$2.01 - $2.98
Q4 2013	1,546	$4	$2.63	$2.46 - $2.83
Q3 2013	10,311	$28	$2.76	$2.49 - $3.16