Royale Energy reports initial production of 1,315 and 1,227 BOEPD from two Permian JDA wells

Royale Energy, Inc.

Third well (Oct 2023): 1,093 BOPD & 1,332 MCFD; expected reserves >1.4M BOE.
Fourth well (Oct 2023): 1,024 BOPD & 1,219 MCFD; expected reserves >1.4M BOE.
Royale holds 7% working interest in the 6,900-acre JDA with Ares Energy LTD.
One more well planned in 2023 and four to six wells in 2024 on the project.
All wells located in Ector County, Texas, Permian Basin Mississippian interval.

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