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Royale Energy, Inc. (ROYL) Reports Successful Drilling of Well in LoneStar Field

Royale Energy, Inc. reported the successful drilling of the North East Parks #1 well on its acreage position in California. This was the sixth well the company has drilled in 2010, surpassing the five wells drilled in 2009.

This was the second successful well for Royale Energy, Inc. during the last few months. The company drilled and completed the Victor Ranch 3-9 well located in the East Rice Creek field and reported natural gas shows in that well from three different zones.

The North East Parks #1 is located in the LoneStar field, and Royale Energy, Inc. said that the company would begin completion operations on the well immediately. Production from both the North East Parks #1 and the Victor Ranch 3-9 are expected to contribute to revenues starting in August 2010.

Royale Energy, Inc. has an ambitious oil and gas development program in California in 2010. The company plans to drill six additional wells natural gas wells in 2010. Royale Energy, Inc. previously drilled the Vann #1 and Goddard 1-7 wells earlier in 2010. The two wells went to sales in the second quarter of 2010.

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