Royale Acquires Additional Alaska North Slope Acreage
Company Secures 5,803 Acres in Western Block
SAN DIEGO, Aug. 1, 2013 (GLOBE NEWSWIRE) -- Royale Energy, Inc. (Nasdaq:ROYL)
today announced that it has acquired an additional 5,803 acres immediately
adjacent to its existing western acreage block, in Alaska. The company had
been awarded the acreage pursuant to the 2011 North Slope Areawide Lease Sale,
which the state had not previously been able to deliver until last month.
Royale has reached an agreement with Rampart Energy, LTD to add the additional
acreage to the existing agreement upon receipt of a cash payment on the same
Rampart has also engaged Netherland, Sewell & Associates, Inc. Worldwide
Petroleum Consultants, www.netherlandsewell.com, to perform a Resource
Evaluation of our acreage. Results of this report are expected to be made
public in August.
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
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