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Gold/Mining/Energy : ROYL - Royale Energy
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To: Roy Chiesa who wrote (72)8/21/1997 10:50:00 AM
From: Wayne Olive   of 141
 
Roy, Bowerbank 7 is the well that I was referring to.. a great well was completed there, and is the first one of the Direct Working Interest program that I'm into with Royale. The well you saw at the Willows is the second one of five in this package. Check out this good news release:

Wayne

Thursday August 21 9:28 AM EDT
Company Press Release

Royale Energy Inc. Makes Its Seventh Discovery Well at Bowerbank

SAN DIEGO--(BUSINESS WIRE)--Aug. 21, 1997--Royale Energy Inc. (NASDAQ/NMS:ROYL) has successfully drilled another natural-gas well in the Bowerbank field near Bakersfield, Calif.

The Bowerbank 7 is the seventh well the company will put into production in the Bowerbank field in 30 months. The well was drilled to 3,900 feet total depth. Electric logs indicated that 20 net feet of pay exist. The well was perforated and tested at a stabilized rate of 2.8 million cubic feet per day of gas with very little pressure draw down. Shut-in pressure indicated that the reservoir has not been depleted by other wells. The pipeline to connect the well for production has been installed and put into production.

The company is currently planning to drill additional wells in the Bowerbank field and is currently drilling several wells in the Sacramento and San Joaquin basins.
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