Royale Energy, Inc. announced the Whittier W1-ST5 oil well reached a total depth of 3,634 ft in the West Whittier Field. The well encountered porous and permeable sandstone reservoirs with oil and gas shows from 1,140 ft. to 3,510 ft. It is calculated that a net 1,470 ft. of oil-bearing productive rock were encountered in the well. It was designed to drill in between several high-volume wells in the center part of the field (wells that each produced in excess of 200,000 barrels or more of oil). In the initial 72 hours, the W-1 has produced at a daily rate of 129 barrels of oil, no water, on a 13/64th’s choke. The average tubing pressure over the same period is 392 psi. The well is only producing from the bottom 100 ft. of the 1,470 ft. of the net pay. Royale Energy owns approximately 29% net revenue interest in the W1-ST5. The Whittier field is adjacent to the Sansinena oil field where the company has drilled 3 oil wells with initial production rates of 200 to 300 barrels of oil per day. Whittier and Sansinena oil prices have historically been much closer to Brent prices than the West Texas Intermediate prices. Sansinena has a large inventory of undrilled low risk high rate prospects for further development that the company is funding. At the company’s Jameson oil field in the Permian Basin in Nolan County, Texas, the McCabe #61 well was drilled to total depth of 7,108 ft. Based on wireline logs and mud log data, the Strawn and possibly the Ellenburger Formations have productive intervals. Open hole wireline logs also indicate the presence of oil pay sands in the Strawn with good porosity and low water saturations. The well is being tested for production from the Ellenburger Formation. Based on results of testing in Ellenburger, the Strawn will either be tested or the pay will be saved for later production as a behind pipe completion. Royale will begin drilling the McCabe #62 well next week and is currently funding two additional Jameson wells.
Royale Energy Funds, Inc. is an independent oil and gas producer. The Company also performs turnkey drilling operations. The Company owns wells and leases in various geological basins located primarily in California, Texas, Oklahoma, and Utah, and offers fractional working interests. The Company also owns an overriding royalty interest in discovery in Alaska. It usually sells a portion of the working interest in each well it drills or participates with third-party participants and retains a portion of the prospect for its own account. The Company generally sells working interests in its prospects to accredited investors in exempt securities offerings. The prospects are typically bundled into multi-well investments, which permit third-party investors to diversify their investments by investing in several wells at once instead of investing in single-well prospects. The Company owns an interest in approximately 70 producing oil and natural gas wells.
ROYALE ENERGY, INC. 
