Royale Energy Hits Natural Gas in First Well Drilled in 2008
Posted on February 12, 2008 – 4:10 pm | by oilandgaspress.com
SAN DIEGO–(BUSINESS WIRE)–Royale Energy, Inc. (NASDAQ:ROYL) has found multiple natural gas filled sands in its Gobel well in the company’s Sacramento basin Lonestar field. The well was drilled to a total depth of 6,500 feet and logged pay in three separate zones within the Forbes formation. Completion and testing operations will begin later this week with production and sales by the end of the month.
The company also recompleted its Andrus Island #1 well in a shallower zone that flowed 950,000 cubic feet of natural gas per day with a strong flowing tubing pressure of 1700 lbs. Because the formation is extremely porous, initial sales will be restricted at 400,000 cubic feet per day to prevent the possibility of the well producing sand. Sales will begin immediately. The Andrus Island East prospect will be drilled in the 2nd quarter of 2008.
About the Company
Headquartered in San Diego, Royale Energy, Inc. is an independent energy company. The company is focused on development, acquisition, exploration and production of natural gas and oil in California, Texas and the Rocky Mountains. It has been a leading independent producer of oil and natural gas for over 20 years. The company’s strength is continually reaffirmed by investors who participate in funding over 50% of the company’s new projects. Additional information about Royale Energy, Inc. is available on its web site at www.royl.com.
Forward-Looking Statements
In addition to historical information contained herein, this news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, subject to various risks and uncertainties that could cause the company’s actual results to differ materially from those in the forward-looking statements. While the company believes its forward-looking statements are based upon reasonable assumptions, there are factors that are difficult to predict and that are influenced by economic and other conditions beyond the company’s control. Investors are directed to consider such risks and other uncertainties discussed in documents filed by the company with the Securities and Exchange Commission.
Contacts
Royale Energy, Inc.
Chanda Idano, Director of Marketing & PR
619-881-2800
Fax 619-881-2899
chanda@royl.com
http://www.royl.com
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