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June 26, 2014
08:42 EDTROYLRoyale Energy reports on independent review of two North Alaska drilling targets
Royale Energy announced the results of an independent review of the prospective resource potential of two recently identified North Slope Alaska drilling targets. Global independent expert, Netherland Sewell and Associates reviewed geological and geophysical data including the recently acquired 3D seismic survey, and concluded that the targets contain 17.8 to 325.3M barrels of oil in place. Present expectation of recovery ranges from 14% to 42% of oil in place.
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May 6, 2015
07:44 EDTROYLRoyale Energy acquires rights to drill, develop in Ballinger oil field
Royale Energy announced that it has reached an agreement to drill up to 30 wells in the Ballinger Oil Field in Runnels County, TX with three initial wells to be drilled immediately into the Ellenberger formation. Current production in the field comes from the Palo Pinto North formation and the current interval of oil production is at 3,400 ft. which is a limestone with both primary, secondary and fracture porosity zones. From an estimated 4.75 million barrels of oil in place only 350,000 have been produced to date. The PG&E Citygate daily price for 5-5-15 flow date is $3.13 per Mcf making it the highest North American price for natural gas. Royale has permitted five additional wells to be drilled in the Sacramento Basin.

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