ROYL: Royale Energy Inc. Message Board

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Gold/Mining/Energy : ROYL: Royale Energy Inc.

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Oct 31 9:30 AM EST

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From: Fuzzy	8/21/2013 10:27:22 AM
	of 5

7:47AM Royale Energy: NSAI issues report on co's North Slope shale oil ( ROYL) 2.72 : Co, in cooperation with Rampart Energy, announced the results of a study performed by Netherland, Sewell & Associates, Worldwide Petroleum Consultants, (NSAI), to evaluate the prospective resources in their shale acreage on the North Slope of Alaska. Using available data from existing wellbore penetrations and analog shale plays, they determined that the acreage is a qualified Prospective Resource with an average recovery rate of 3,995 barrels of oil per acre from the combined shale intervals.Based upon estimated drilling density of 160 acres per well, this equates to 639,119 barrels of oil per well drilled. Preparation for a seismic survey has already begun with the field work on an archeological survey of the area. Final engagement of the contractor is expected imminently, and data is expected to be available by the second quarter of 2014.

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