Royale Energy and RMX Resources Announce New Success in Sansinena Oil Field
June 13 2019 - 8:03AM
Royale Energy, Inc., (OTCQB : ROYL), and RMX
Resources, LLC jointly announced the successful drilling and
completion of the Sansinena 9B-18 and 9B-20 oil wells.
- The 9B-18 well was completed on June 4, 2019 and flowed at 360
barrels of oil per day and 432 MCF per day with a flowing tubing
pressure of 730 psig during an initial 24-hour flow test. The well
was subsequently shut in for pressure testing and will be placed
back online later this week.
- The 9B-20 well was completed on June 7, 2019 and has been
flowing steadily at a rate of 200 barrels of oil per day and 72 MCF
per day.
Royale Energy and its investors own 50% of both wells of which
Royale owns approximately 41%. RMX Resources is the operator and
owns the other 50% of the wells. RMX Resources is a joint venture
between CIC Partners and Royale Energy.
About Royale Energy, Inc. Royale Energy, Inc.
(OTCQB: ROYL) is an independent exploration and production company
focused on the acquisition, development, and marketing of oil and
natural gas. The Company has its primary operations in California’s
Los Angeles and Sacramento Basins.
Forward-Looking Statement 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
IdanoDirector of Marketing & PR 619-383-6600
(MM) (NASDAQ:ROYL)
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