  The generating function for the orbifold Euler characteristic of the moduli
space of real algebraic curves of genus $2g$ (locally orientable surfaces) with
$n$ marked points $\chi^r(\mathfrak{M}_{2g,n})$, is identified with a simple
formula. It is shown that the free energy in the continuum limit of both the
symplectic and the orthogonal Penner models are almost identical, with the
structure $F^{SP/SO}(\mu)=1/2F(\mu)\mp F^{NO}(\mu)$, where $F(\mu)$ is the
Penner free energy and $F^{NO}(\mu)$ is the free energy contributions from the
non-orientable surfaces. Both of these models have the same critical point as
the Penner model.
