The Utah Division of Oil & Gas has enlarged the boundaries of the Flat
Rock field to include Royale’s V Canyon wells and acreage. Flat Rock has
proven to be one of the most significant gas discoveries in the Uintah
Basin.
Royale Energy (NASDAQ: ROYL) recognized the potential value of
the field in 2003 and acquired more than 20,000 acres. The exploration
program for the acreage included the drilling of more than seven wells,
all of which reached depths of more than 10,000 feet. Royale’s V Canyon
20-1 established production from the Entrada formation, prompting the
Utah Division of Oil & Gas decision.
Stephen Hosmer said, “We feel that this recognition validates our view
of the potential of our acreage. Royale’s future plan includes
additional development in 2009. The completion of our V Canyon 20-2 will
utilize a large fracture stimulation (frac) to further enhance
production from the field.”
The Utah state decision becomes effective April 6, 2009.
About Royale Energy
Headquartered in San Diego, Royale Energy, Inc. is an independent energy
company. The company is focused on development, acquisition,
exploration, and production of natural gas and oil in California, Texas
and the Rocky Mountains. It has been a leading independent producer of
oil and natural gas for over 20 years. The company's strength is
continually reaffirmed by investors who participate in funding over 50%
of the company's new projects. Additional information about Royale
Energy, Inc. is available on its web site at www.royl.com.
Forward Looking Statements
In addition to historical information contained herein, this news
release contains "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, subject to various
risks and uncertainties that could cause the company's actual results to
differ materially from those in the "forward-looking" statements. While
the company believes its forward looking statements are based upon
reasonable assumptions, there are factors that are difficult to predict
and that are influenced by economic and other conditions beyond the
company's control. Investors are directed to consider such risks and
other uncertainties discussed in documents filed by the company with the
Securities and Exchange Commission.
Royale Energy, Inc.
Chanda Idano
Director of Marketing
& PR for Royale Energy, Inc.
619-881-2800
chanda@royl.com
http://www.royl.com
