San Diego, November 13, 2014 \u2013 Royale Energy, Inc. (NASDAQ: ROYL) today announced that its McKinney well has been put into production at a stabilized rate of 1,050 MCF of natural gas per day with a pressure of 2,700 psi. <\/p>\n
The company is also conducting a series of workovers and recompletions on some of its existing production. On September 25th the Victor Ranch 3-20 was recompleted in a new zone and is currently producing over 400 MCF per day. On October 16th a workover on the Andrus Island well resulted in an increase of 240 MCF per day. <\/p>\n
The company\u2019s Jewel well was also recompleted in a shallower zone. A total of 15 ft. of formation was opened in the new zone and the well increased to a stabilized pressure of 2,500 psi. These operations have resulted in increased natural gas production of 2,000,000 cubic ft. Three more wells will have workovers by the end of the year to add additional production at the higher winter natural gas prices that have reached $4.75 per MCF at the PG&E city-gate on Tuesday, November 11, 2014. <\/p>\n
Read Official Press Release.<\/a><\/p>\n ***<\/p>\n Forward Looking Statements<\/p>\n In addition to historical information contained herein, this news release contains \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995, subject to various risks and uncertainties that could cause the company\u2019s actual results to differ materially from those in the \u201cforward-looking\u201d 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\u2019s control. Investors are directed to consider such risks and other 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