secwatch.observer — SEC 8-K summary
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Issuer:     Royale Energy, Inc. (ROYL)
CIK:        0001694617
Form:       8-K
Filed at:   2023-10-04T23:59:59+00:00
Accession:  0001185185-23-001035
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Royale Energy reports initial Permian well rates up to 1,347 BOPD; 2 more wells coming online
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- Well 1 (March 2023): initial rate 818 BOPD & 1,100 MCFD, reserves >1.4M BOE.
- Well 2 (August 2023): initial rate 1,347 BOPD & 1,649 MCFD, reserves >1.5M BOE.
- Wells 3 and 4 drilled; completion underway, production expected early October 2023.
- Royale has 5% WI in first two wells, 7% WI in third and fourth wells.
- Plans one more well in 2023 and 3-6 additional wells in 2024 on the 6,900-net-acre project.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1694617/000118518523001035/0001185185-23-001035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1694617/000118518523001035/royaleinc20231003_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-001035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer