Royale Energy, Inc. (ROYL)

Royale Energy Announces Operations Update on the Permian Basin Joint Development Agreement

Initial Rates of 1,315 BOEPD and 1,227 BOEPD in Latest Two WellsSAN DIEGO, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (OTCQB: ROYL) is pleased to announce new progress on its Joint Development Agreement (JDA) with Ares Energy LTD, located in the Permian Basin, Texas. This project is a horizontal resource play in the Mississippian interval. Royale and its investors have a 7% Working Interest in the third and fourth wells drilled on the 6,900 net acres project, located in Ector County,