Royale Energy expands Pradera Fuego working interest to 7.5%, plans 4 new wells

Royale Energy, Inc.

• Farm-out grants additional 2.5% working interest in 17,000-acre Pradera Fuego project in Ector County, Texas.
• Royale and its investors now hold 7.5% non-operated working interest across producing and non-producing acreage.
• Asset includes 39 future Barnett and 44 future Woodford drilling locations; 4 wells planned over next 12 months.
• Current production from 8 Barnett wells: 3,583 gross BOEPD, 201 net BOEPD to Royale.
• New Irma 1H well flowing at 1,196 BOEPD; farm-out from entity controlled by CEO (related-party transaction).

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