US-China Trade Talks Sideline Chip Export Controls as Nvidia China Sales Draw Attention 
TSMC Stake Sale Sends Vanguard Semiconductor Shares Lower 
Asia-Pacific Banks Brace for Rising Credit Risks Amid Iran Conflict 
DOJ May Drop Gautam Adani Fraud Charges Amid $10 Billion U.S. Investment Plan 
Alphabet Raises Record $3.6 Billion in Yen Bonds to Support AI Expansion 
FTC Antitrust Probe Targets Arm Holdings Over Chip Licensing Practices 
Telefónica Q1 2026 Earnings Beat Expectations as Debt Declines and Cash Flow Improves 
Samsung Shares Drop as Labor Union Confirms Planned Strike 
Thyssenkrupp to Shut Down Indiana Automotive Plant by March 2026 
Nvidia’s China AI Chip Sales Remain Frozen Despite U.S. Approval 
Alibaba Stock Surges After Strong Q4 Earnings Boosted by AI and Cloud Growth 
Elliott Targets Bio-Rad as Shares Continue to Struggle 
Standard Chartered Appoints Manus Costello as New CFO Amid Leadership Reshuffle 
Samsung Union Talks Enter Final Stage as Strike Threat Looms 
BlackRock-Led GCC Infrastructure Partnership Targets $30 Billion Investment 
YouTube and Snap Settle School District Mental Health Lawsuit Ahead of Major Social Media Trial 
Warren Buffett and Stephen Curry Charity Dinner Auction Raises $27 Million for Nonprofits 
SAN DIEGO, Sept. 22, 2016 -- Royale Energy, Inc. (OTCQB:ROYL) has begun drilling its second well, the CRC RVGU #8-2, in the Rio Vista field after finding over 100 ft. of net pay in a new gas pool discovery with the CRC RVGU #8-1 well. Both wells are being drilled from the same pad with the CRC RVGU #8-2 being drilled directionally. The CRC RVGU #8-1 was drilled vertically to a total depth of 6,700 ft. and encountered new natural gas reserves in several sands.
After the CRC RVGU #8-2 well has reached total depth, both wells can be completed and put into production from the same location. Drilling operations should take about 12 days.
Natural Gas prices have risen from $1.83 per MCF in May of this year to over $3.00 per MCF currently.
About Royale Energy, Inc.
Founded in 1986, Royale Energy, Inc. (OTCQB:ROYL) is an independent exploration and production company focused on the acquisition, development, and marketing of natural gas. Royale Energy has its primary operations in the Sacramento and San Joaquin basins in California.
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 [email protected] http://www.royl.com
