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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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November 13, 2014
14:29 EDTROYLRoyale Energy announces McKinney well put into production
Royale Energy announced that its McKinney well has been put into production at a stabilized rate of 1,050 MCF of natural gas per day with a pressure of 2,700 psi. The company is also conducting a series of workovers and recompletions on some of its existing production. On September 25th the Victor Ranch 3-20 was recompleted in a new zone and is currently producing over 400 MCF per day. On October 16th a workover on the Andrus Island well resulted in an increase of 240 MCF per day. The company's Jewel well was also recompleted in a shallower zone. A total of 15 ft of formation was opened in the new zone and the well increased to a stabilized pressure of 2,500 psi. These operations have resulted in increased natural gas production of 2,000,000 cubic ft. Three more wells will have workovers by the end of the year to add additional production at the higher winter natural gas prices that have reached $4.75 per MCF at the PG&E city-gate on Tuesday, November 11.

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