|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.2950 - 0.3000|
|52 Week Range||0.1200 - 0.4900|
|Beta (3Y Monthly)||5.17|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Royale Energy, Inc., (ROYL), an independent exploration and production company based in San Diego, California announced today, that Royale Energy, Inc. (Royale) in partnership with California Resources Production Corporation (CRPC) has initiated natural gas production from the CRC 33-2 well at a stabilized production rate of 2,100,000 cubic ft. per day. In addition, the CRC RVGU 4-1 was recently drilled by Royale to a total depth of 7,400 ft. The open hole logs indicate 184 ft. of probable and possible gas zones and we anticipate testing of the well will begin mid-month. The positive results from the recent drilling program is a promising start to the possible 30 well, three year drilling joint venture between Royale Energy and California Resources Production Corporation in the Rio Vista field, the largest dry natural gas field in California.
Royale Energy, Inc., (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). 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 Rio Vista Field is the largest historic natural gas field in California and these wells are within a historic trend of multi-BCF wells.
A 3-D seismic survey of the Rio Vista Field, that Royale recently licensed, has identified more of these types of prospects within a 4 to 5-mile trend in the field. The next well, pending final prospect planning and permitting, is anticipated to be drilled in late February. A total of 7 more Rio Vista wells are planned to be drilled in its 2019 program as part of the joint venture agreement with CRPC.
Royale Energy, Inc., (ROYL) announced today that production casing was set on the recently drilled RVGU #33-1 well in the Rio Vista Field in partnership with California Resources Production Corporation (CRPC). The open hole logs indicate 174 net ft. of probable gas zones and 37 net ft. of possible gas zones. We anticipate testing the well within the next five to ten days.
Royale Energy, Inc., (ROYL) today announced the appointment of Johnny Jordan to succeed Rod Eson as Chief Executive Officer (CEO). Following Mr. Eson’s decision to step down to focus attention on personal business matters, the company’s board of directors unanimously selected Johnny Jordan to serve as CEO. Mr. Jordan became President and Chief Operating Officer as a result of the merger between Royale and Matrix in early 2018 and serves as a member of the board of directors.
SAN DIEGO, Dec. 10, 2018 -- Royale Energy, Inc., (OTCQB : ROYL) announced that it has completed the acquisition of the N. Jameson and Big Mineral Creek properties in the.