Royale Announces an initial rate of 1,347 BOPD and 1,649 MCFD
OPERATIONS
To date there have been four wells drilled on this acreage. The first well that was completed in
The second well was completed in
The third and fourth wells have been drilled and are currently being completed with production expected to begin in early
As used in this press release, “BOPD” means barrels of oil per day, “MCFD” means thousand cubic feet per day.
FORECAST
We anticipate drilling one more well in 2023 and three to six more wells in 2024 on this project.
ABOUT
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
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