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SAN DIEGO, Sept. 01, 2016 -- Royale Energy, Inc. (OTCQB:ROYL) announced that it has commenced drilling the first well under its joint venture agreement covering the Rio Vista Field in the Sacramento Basin. Discovered in 1936, Rio Vista is the largest natural gas field in California. The field has produced over 3.5 TCF of natural gas. Using 3-D seismic, Royale and its partners have identified several prospective locations in the Martinez and Capay formations. The Royale CRC 8-1 will target the Martinez sand at a depth of approximately 6000'. Royale expects to reach total depth by mid-September.
Don Hosmer, President of Royale Energy said, "We are excited to begin drilling in the Rio Vista field. With natural gas prices continuing to strengthen, we believe our Rio Vista program will provide an excellent return for our shareholders and drilling investors."
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
