wow...today new royale press release....victor ranch just started producing nat gas for royl. GREAT
THE press release on globalnewswire is found on the bottom right side of this very yahoo mb page.......just click on 'headlines" and then click on todays press release. REALLY GOOD NEWS. NAT GAS from this one drilled well might well be extracted from 3 different depths......read 4 urself. gotta appreciate the red ticker on good news and on a day when all major indexes are GREEN, LOL......... i ain't selling whoever you are jerking royl stock around.....lol
I'm not sure a well producing 200-300Mcf/d is worthy of a big market response but I do appreciate the PR nonetheless. Hopefully the cumulative affect of the new producing wells puts the company back into a growth mode. It helps that the comparative base is low.
fastball You are right 200-300cf/d is not that much but let me remind you that if that continues to produce for many years then it will pay off big over time. Do you know Royale still has a well that was drilled in 1996 that is in production. One further item is oil drillers usually extract the deepest down hole pay zone before they move up the well and with two more pay levels that could go along time with more than 200 mcf day.
Some thing to think about although I must tell you my eyes are on the prize and that is Alaska.
Hey man good investing to you and have a great weekend.