Royale Expands Development Agreement

SAN DIEGO, June 16, 2016 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (OTCQB:ROYL) today announced that it has reached an agreement with a major independent exploration and development company to expand their joint development agreement in the Sacramento Basin of Northern California. The expanded arrangement covers approximately 1,900 acres in the prolific Rio Vista Gas Field. Discovered in 1936, Rio Vista has already produced over 3.5 trillion cubic ft. of natural gas from multiple sands and has an estimated 500 billion cubic ft. of natural gas remaining in place. Royale will target the Capay and Martinez sands which produce at depths of 4,500’ and 6,000’ respectively. Royale anticipates drilling its first well within 60 days of closing.

With this expanded arrangement, Royale has secured a multiyear inventory of quality natural gas prospects.

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.

Contact: Royale Energy, Inc. Chanda Idano Director of Marketing & PR 619-383-6600

Source:Royale Energy