Royale Energy Expands Field Production With a New Well at Victor Ranch
Posted on: Tuesday, 1 May 2007, 15:00 CDT
Royale Energy, Inc. (NASDAQ:ROYL) today announced it has successfully drilled the Victor Ranch 6-8 well in California's Sacramento Basin. The well was drilled to a total depth of 5,200 ft. and encountered several potential productive intervals. A completion rig is scheduled to arrive on location on May 15th to commence completion and testing. Royale's extensive pipeline infrastructure in the Victor Ranch field will allow gas sales to begin immediately following a successful test.
After conducting 3D seismic in 1999, new un-drilled areas of the field were identified.
Royale Energy has now drilled 16 commercially productive wells in the field that have produced over 10 billion cubic ft. of natural gas.
Preparations are being made to drill the Victor Ranch Godfrey well next.
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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