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Stock Market & Financial Investment News

News Breaks
August 1, 2014
09:37 EDTROYLRoyale Energy reports Q2 EPS 2c
Revenue for the six month ended June 30 increased to $1.9M in 2014 from $1.1M in 2013. Total production for the six months increased 53% to 307,967 MCFE, while the average price rose 35% over a year ago to $5.03 per MCF. The company plans on drilling the McKinney well this month, the fourth well this year. Royale expects to drill five additional wells, bringing the total to nine for 2014.
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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