Rio Vista CRC 33-2 Well Logs 121 ft. of Pay
March 18 2019 - 12:23PM
Royale Energy, Inc.,
(OTCQB :
ROYL), an independent exploration and production company
based in San Diego, California announced today that production
casing was set on the recently drilled CRC #33-2 well in the Rio
Vista natural gas field in partnership with California Resources
Production Corporation (CRPC). The open hole logs indicate 121 net
ft. of probable gas zones and we anticipate testing the well will
begin by the end of the month.
This is the second well of a possible 30 well, three-year
program, drilled by Royale Energy and CRPC in the Rio Vista field.
The companies plan to drill two more wells by June 30th and at
least four wells in the second half of this year in this field. The
Rio Vista Field is the largest historic natural gas field in
California and these wells are within a historic trend of multi-BCF
wells.
Royale Energy and its investors own a 60% working interest, at
an 80% Net Revenue Interest, in the CRC 33-2 well of which Royale
owns approximately 15%.
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 Idano
Director of Marketing & PR 619-383-6600 chanda@royl.com
http://www.royl.com
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