San Diego, May 28, 2014 \u2013 Royale Energy, Inc. (NASDAQ: ROYL) today announced that it has entered into a contract for a drilling rig to drill its recently announced North Slope Alaska shale oil play and the large 3D conventional target announced last week. Kuukpik Drill will provide Rig Number 5 for the full 2014-2015 winter season to drill two wells designed to test both the conventional target as well as the shale sequence.<\/p>\n
\u201cBy securing a rig, we have overcome the biggest challenge to meeting our goals for drilling this winter,\u201d said Stephen Hosmer, the company\u2019s Co-CEO.<\/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