Royale Energy Recruits Bennett Z. Spevack for a Position of a Chief Explorationist
SAN DIEGO--(BUSINESS WIRE)--March 24, 1999--Royale Energy Inc. (Nasdaq National Market-ROYL) is proud to announce expansion of its technical personnel.
Royale Energy has recruited Bennett Z. Spevack to assume the position of chief explorationist.
Spevack comes to Royale Energy with almost 20 years of successful exploration experience at Amoco Production Company. For the past 10 years, as Exploration Manager, Spevack has directed exploration programs in California, the Gulf of Mexico, Alaska, and internationally.
These efforts led to a number of commercial discoveries including leading Amoco to participate in the Gulf of Mexico's first sub-salt discovery Mahogany. They covered a diverse range of activities including OCS (the Federal off shore) sale efforts, the Arctic and deep-water well operations, and seismic interpretation evaluations of large (500,000 acre) 3D programs.
Spevack brings with him an extensive knowledge of state-of-the-art seismic technology, such as, 3D AVO, pre-stack depth migration, and seismic attribute analysis, as well as, the practical applicability of this technology to successful oil and gas exploration.
As a Geophysical Interpreter, Spevack worked primarily in the Western U.S. including projects in California, Alaska, Washington, and Oregon. He helped to pioneer the use of workstations and seismic stratigraphy at Amoco.
Spevack holds an MA in geology from State University of New York in Binghamton, NY. Spevack saw the BP-Amoco merger as an opportunity for him to move to a growth oriented company where he would be able to expand the utilization of his prospect generating capabilities and contribute directly to the success of Royale's bottom line.
Spevack is excited about the current exploration and production programs at Royale Energy. The company is looking forward to Spevack's eagerness to contribute to making Royale Energy's future exploration efforts and production programs a success.
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.
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Contact:
Royale Energy Inc.
Ania M. Moldzynska, 800/447-8505
www.royl.com
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Looks like this little company is showing signs of finally breaking out of its little "Mom & Pop" gas wells in California and wants to get into the big time. Its about time they took this step. |
