Royale Energy Announces Operations Update on the Permian Basin Joint Development Agreement

May 30, 2024

SAN DIEGO, May 30, 2024 (GLOBE NEWSWIRE) — Royale Energy, Inc. (OTCQB:ROYL) is pleased to announce new progress on its Joint Development Agreement (JDA) with Ares Energy LTD, located in the Permian Basin, Texas. This project is a horizontal resource play in the Mississippian interval. Royale and its investors have a 5% Working Interest in the fifth and sixth wells that are in the process of drilling and completing on the 17,000+ net acres project, located in Ector County, Texas.

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