SAN DIEGO, Sept. 25, 2014 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (Nasdaq:ROYL) today announced that its McKinney well in California's Sacramento Basin was drilled to a total depth of 7,000 ft. Electric logs indicate several potential intervals that could contain substantial reserves. The well was drilled from Royale Energy's 3-D seismic data that indicated multiple seismically defined targets.
"Royale Energy is very pleased that the logs show a substantial target zone that has potential to significantly increase new production for the company," said Stephen Hosmer with Royale Energy. "We will be completing and testing McKinney and will announce the results when available."
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.