SAN DIEGO, Oct. 13, 2011 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (Nasdaq:ROYL) announces a new natural gas discovery in the Sacramento Basin. The Pacific 1-3 was drilled to a total depth of 7,150 ft. and wireline logs have been run. The well intersected natural gas filled sands in each of the targeted upper, middle, and lower Mokulumne sands. The lower Mokulumne has been completed, flowing over 1,000,000 cubic ft. per day on a restricted 10/64's choke. With the strong results of the lower sand, the company will reserve the middle and upper Mokulumne zones to be completed following the production of current zone.
The company has also added new production with the recompletion of new zones in several of its existing wells.
- Andrus Island well is now producing 250,000 cubic ft. per day from a shallower formation in the well.
- Andrus East was recompleted with a high pressure of 1100 psi and will be placed into production this month.
"With a strong balance sheet and an aggressive pace of exploration in Royale's core area, the company is confident in its outlook for growth," according to Co-CEO Donald Hosmer.
The drilling rig, Royale has under contract, is moving to the next prospect and results will be announced on four additional wells by the end of the year.
About the Company
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.