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Stock Market & Financial Investment News

News Breaks
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.
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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