SAN DIEGO, April 9, 2015 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (Nasdaq:ROYL) announced that the Nugget well discovered five natural gas filled formations on March 21, 2015.
On April 8th, one of the zones was perforated and tested with a stabilized rate of 1,108 Mcf per day on a 12/64th's choke.
The additional zones will remain behind pipe and will be completed after this zone is produced out. A nearby pipeline will allow a quick connection for the well to be put into production in April.
The Nugget's multiple pay zones have given the company several developmental follow up wells that will be drilled to increase production and reserves in the surrounding area.
Forward Looking Statements
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.