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Royale Energy Inc. Message Board

drmethane2000 1 post  |  Last Activity: May 30, 2014 1:19 AM Member since: Feb 15, 2001
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    Good morning good folks

    by usarccoman98 May 28, 2014 12:03 PM
    drmethane2000 drmethane2000 May 30, 2014 1:19 AM Flag

    USAR, Dr Meth here. Let me help you with a couple clarifications. The Gobel 21-1 is producing about 315 Mcfd after the recompletion and has produced slightly less than 220,000 mcf since it was drilled in 2007. The bad news for you investors is this well hasn't recaptured the drilling dollars yet and on top of that Royale gets half (I believe that's right?) the net proceeds which means you investor have about 40 cents returned for all your dollars spent....this is the well you pick to highlight Royale? yikes...

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