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Royale Energy Inc. Message Board

  • usarccoman98 usarccoman98 May 24, 2001 11:00 AM Flag

    OK Gang I see the stock price

    has slipped somewhat this morning. I feel that is to be expected as we are in the x div period. So friends especially those of you who only invest in the stock and are not up to speed with what Royale is doing in the field I will give you in the next four (4) posts what Royale will be drilling in their 2001-A five well oil/gas drilling project.
    1. Well number 1 is located in ****** County, Califorina, this well will target a moderate risk Forbes amplitude similar to Royales recent successful wells in the East Rice Creek field (Victor Ranch). The ******well is in an area of proven gas migration and known Forbes sand deposition. It is located on an up-thrown fault block that compares favorably with a fault block in the East Rice Creek field; of which Royale has produced over 7 billion cubic feet of gas. The upside potential for this well is 2 billion cubic feet of gas.
    The above is well number one and I will post well number 2 in another hour or so after I have another cup of coffee. By the way there are five(5) well in this project. I will highlight all of them today.
    Good investing to you and your families.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • hwohwo Semper fi to you also. Good luck to you and please watch for my message tomorrow about the ones we left behind. Memorial Day must always be remember by all of us and I will give you some thoughts in the morning.
      Good investing to you and your family.

    • Well number two (2) is located in California's most prolific dry gas area. The ****** well is considered a low risk development well within a known productive gas field. The most likely reserve potential for this individual anomaly ranges between 0.5 and 1.0 billion cubic feet of gas.
      I will post well number three in about an hour inasmuch as as I got other things going on right now.
      Good investing to you and to your families.

      • 1 Reply to usarccoman98
      • Well number three is in North Dakota and this well will target a lease position lying between the Temple Field and the Tioga Field. This location directly offsets recent high volume oil discoveries made by Berco Resources.
        I will be back at you all with well number four (4) which is the main reson I played in the 2001 A project.
        Good investing to you and to your families.
        PS The Arizona deserts are at 112 degrees today
        which made me think about Cities like Palm Springs and other California desert and Valley towns that are just starting to demand cooling. It's going to be a hot summer and energy stocks are the place to be for investors.

 
ROYL
2.83+0.03(+1.07%)Apr 17 3:59 PMEDT

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