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Royale Energy Kicks Off Its 2008 Drilling With Two Rigs

Posted on: Wednesday, 16 January 2008, 09:00 CST

Royale Energy, Inc. (NASDAQ: ROYL) announced today that a rig will begin drilling operations this week on the Weber 27-27 well in the Rio Bravo oil field in California. The well will be drilled to a total depth of 10,000 ft. and is expected to penetrate six formations of oil shale.

Another drilling rig is being mobilized to the Company's Lonestar field in California's Sacramento Basin, where the company operates four producing natural gas wells. In July 2007, the Company began production from the Parks well that is still producing 949,000 cubic ft. per day of natural gas with a flowing tubing pressure of 1550 lbs. Royale's California natural gas is selling for $8.20 MCF. The Company has a total of eight prospects in the Lonestar area.

In Utah, a completion rig has been moved to the Trail Canyon well on the eastern flank of the Company's acreage block and completion will begin this week.

The V Canyon well on the northern extent of the acreage block is producing 1,000,000 cubic ft. per day of natural gas with a current price of $7.47 per MCF.

About the Company

Headquartered in San Diego, Royale Energy, Inc. is an independent energy company. The company is focused on development, acquisition, exploration, and production of natural gas and oil in California, Texas, and the Rocky Mountains. It has been a leading independent producer of oil and natural gas for over 20 years. The company's strength is continually reaffirmed by investors who participate in funding over 50% of the company's new projects. Additional information about Royale Energy, Inc. is available on its web site at www.royl.com.

Forward-Looking Statements

In addition to historical information contained herein, this news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, subject to various risks and uncertainties that could cause the company's actual results to differ materially from those in the "forward-looking" statements. While the company believes its forward-looking statements are based upon reasonable assumptions, there are factors that are difficult to predict and that are influenced by economic and other conditions beyond the company's control. Investors are directed to consider such risks and other uncertainties discussed in documents filed by the company with the Securities and Exchange Commission.

Source: Business Wire

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