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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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October 8, 2015
08:41 EDTROYLRoyale Energy reaches development agreement
Royale Energy announced that it has reached an agreement, with a major independent exploration and production company, to develop 1,300 acres in the Sacramento Basin Grimes Field. This agreement allows Royale to drill up to three wells targeting a 3D seismically defined amplitude. The seismic event is clearly correlated to the nearby productive natural gas horizon and shows a sizable target with multiple well follow up potential. Royale is pleased to enter into the first of what it believes to be a series of development opportunities with an industry participant of this caliber.

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