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SAN DIEGO, Sept. 22, 2016 -- Royale Energy, Inc. (OTCQB:ROYL) has begun drilling its second well, the CRC RVGU #8-2, in the Rio Vista field after finding over 100 ft. of net pay in a new gas pool discovery with the CRC RVGU #8-1 well. Both wells are being drilled from the same pad with the CRC RVGU #8-2 being drilled directionally. The CRC RVGU #8-1 was drilled vertically to a total depth of 6,700 ft. and encountered new natural gas reserves in several sands.
After the CRC RVGU #8-2 well has reached total depth, both wells can be completed and put into production from the same location. Drilling operations should take about 12 days.
Natural Gas prices have risen from $1.83 per MCF in May of this year to over $3.00 per MCF currently.
About Royale Energy, Inc.
Founded in 1986, Royale Energy, Inc. (OTCQB:ROYL) is an independent exploration and production company focused on the acquisition, development, and marketing of natural gas. Royale Energy has its primary operations in the Sacramento and San Joaquin basins in California.
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.
Contact: Royale Energy, Inc. Chanda Idano- Director of Marketing & PR 619-383-6600 [email protected] http://www.royl.com
