ROYL - Royale Energy Message Board

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Gold/Mining/Energy : ROYL - Royale Energy

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To: John M. Allen who wrote (104)	7/20/1998 1:36:00 PM
From: Wayne Olive	of 141

>>This certainly is a quiet thread. Actually, it represents what I like about this company. Little talk and a lot of action.<< John, sorry to disturb your quiet rapture, but news is out.. Wayne SAN DIEGO--(BUSINESS WIRE)--July 20, 1998--Royale Energy Inc.(NASDAQ/NMS:ROYL - news) announced today the results of two natural gas wells. The Royale North Lathrop No. 1-36 was drilled to 6,500 feet. The well was drilled to test for natural gas in Massive Sands trapped along the Stockton Arch fault. The Stockton Arch fault is a major fault in the Southern Sacramento Basin associated with several gas fields including Lathrop and Union Island. Initial log analyses indicate that the well encountered commercial gas zones in second Massive and third Massive sands, with approximately 40 net ft. of potential gas pay over several zones. Geological correlation with the down-dip Arcady well shows that at the third Massive horizon the Royale North Lathrop No. 1-36 was more than 20 feet structurally higher. Strategraphic changes in the second Massive interval accounts for apparent new pay zones in addition to encountering the original Arcady zone. The lowest gas zone, third Massive, was perforated and tested at a rate of 1,200,000 cubic feet per day. Additional zones will be completed and tested in the future. The company's Bowerbank No. 12 well in Kern County has logged more than 25 feet of net gas sands. The well is being completed this week. Royale has just completed a four-mile pipeline into the Bowerbank field in order to increase capacity from each of its own wells and to deliver production for other operators in the area.

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