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Royale Energy Inc. Message Board

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  • usarccoman98 usarccoman98 May 24, 2001 12:38 PM Flag

    OK Gang I see the stock price

    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.

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    • 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.

      • 1 Reply to usarccoman98
      • Well number three is in Texas and this prospect targets a faulted anticline with approximately 350 acres of closure that was mapped with high quality modern 3D seismic data. Total production for the entire field is expected to be 1.0-1.7 million barrels of oil. This prospect is expected to require 3-5 wells to fully develop the field, with reserves estimates for each well to range from 175,000-400,00 barrels of oil. Check back in about an hour and I will have the fifth well for you.
        Good investing to you and to your families.

 
ROYL
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