San Diego, June 16, 2014 \u2013 Royale Energy, Inc. (NASDAQ: ROYL) today announced the successful completion of its Wembley well.<\/p>\n
The well was drilled directionally to test four seismic anomalies.<\/p>\n
The lower zone has been tested at a stabilized rate of 600 MCF per day on a 10\/64 this choke with 1,100 psi, and electric logs indicate a positive potential in the other three formations. A pipeline is being connected and once in production the flow rate will be monitored to determine if the choke size should be opened.<\/p>\n
There is also the potential to add perforations within the same formations. The remaining three zones will be completed once the existing one has produced out.<\/p>\n
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Forward Looking Statements<\/p>\n
In addition to historical information contained herein, this news release contains \u201cforward-looking<\/p>\n
statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995, subject to various<\/p>\n
risks and uncertainties that could cause the company\u2019s actual results to differ materially from those in the<\/p>\n
\u201cforward-looking\u201d statements. While the company believes its forward looking statements are based upon<\/p>\n
reasonable assumptions, there are factors that are difficult to predict and that are influenced by economic<\/p>\n
and other conditions beyond the company\u2019s control. Investors are directed to consider such risks and other<\/p>\n
uncertainties discussed in documents filed by the company with the Securities and Exchange Commission.<\/p>\n
Contact:<\/p>\n
Royale Energy, Inc.<\/p>\n
Chanda Idano, Director of Marketing & PR<\/p>\n
619-881-2800<\/p>\n