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Stock Market & Financial Investment News

News Breaks
March 7, 2014
14:46 EDTROYLRoyale Energy partner to increase interest in Western Block to 30%
Rampart Energy stated in an announcement to the ASX that its acquisition of the Big Bend 3D seismic survey is now complete and that seismic processing will commence shortly. Following completion of the program RTD will increase its interest in the Western Block to 30%, Rampart stated. Rampart CEO Torey Marshall stated, ?Seismic contractor SAE Exploration has done an exceptional job on our 3D program, completing the ?Big Bend? survey on time and within budget. This marks a successful maiden arctic program for both Royale Energy Inc and Rampart Energy Ltd. Data processing will be a staged process over a 6 to 12 week period, with various deliverable datasets produced along the way. The Company will provide a further update once preliminary interpreted results become available.? Reference Link
News For ROYL From The Last 14 Days
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October 22, 2014
07:47 EDTROYLRoyale Energy confirms new high rate well
Royale Energy announced it has achieved a sustained rate of 1.6M cubic feet per day after opening an initial 2 feet of a 65 foot gross interval in the recently drilled McKinney well. Following the flow test, a pressure build test resulted in a total pressure of 4,165 psi. Based on the thickness, pressure and areal extent, this multi-BCF well is likely to be counted among the company's largest discoveries. Following the installation of the pipeline now underway, the well will be placed on production for 7-20 days before opening an additional 30 feet to incrementally add to productive capacity. The full 65 foot interval is expected to be opened later in the year as winter gas demand rises.

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