11/02/09
Provident Royalties

NOTICE TO INVESTORS IN PROVIDENT ROYALTIES, SHALE ROYALTIES, PROVIDENT ENERGY AND PROVIDENT RESOURCES: LAW FIRM OF DAVID R. CHASE, P.A. -- HEADED BY FORMER SEC PROSECUTOR -- IS INVESTIGATING POTENTIAL CLAIMS TO RECOVER INVESTOR LOSSES

FORT LAUDERDALE, FL (November 2, 2009) – The Law Firm of David R. Chase, P.A., headed by former Securities and Exchange Commission Prosecutor and Special Assistant United States Attorney, David R. Chase, announces that it is investigating potential claims to recover investor losses against brokerage firms that sold Provident Royalties investments, including Shale Royalties, Provident Energy and Provident Resources.

On July 7, 2009, the Securities and Exchange Commission filed a Complaint against Provident Royalties, LLC and others alleging a $485 million Ponzi scheme. The SEC suit claims that Provident falsely promised investors yearly returns up to 18%, and misrepresented how 85% of the funds raised through the various offerings would be used.

The Law Office of David R. Chase, PA is investigating the sales practices and due diligence of broker-dealers who solicited investors to purchase investments in Provident Royalties investments.

The Law Office of David R. Chase, P.A., based in Fort Lauderdale, Florida, represents investors worldwide in cases against the major Wall Street Firms. David R. Chase has been practicing for over 17 years, is AV-Rated by Martindale-Hubbell -- its highest competence and ethics rating -- and previously served as a securities prosecutor for the Federal Government. More about the firm is available on its website at: www.davidchaselaw.com.