Market Overview

Royale Completes Cardiff Well Flowing 1.78M Cubic Feet Per Day


Royale Energy (Nasdaq: ROYL) today announced that it has completed its latest Sacramento basin natural gas well with a successful stabilized flow rate of 1.78 million cubic feet per day. The Cardiff well was drilled in Colusa County, California on the company's proprietary 3-D (3 dimensional) seismic survey. The Cardiff well is the ninth well of the year and tested an amplitude anomaly indicating gas in the Forbes formation. Royale expects to connect the well to its existing pipeline infrastructure in the area to begin commercial gas sales in early January at an initial sales rate of 1,000,000 cubic feet per day.

In addition, the company expects its Memento well to begin gas sales on Monday December 23.

See full press release

Posted-In: News Guidance Contracts Management Global


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