secwatch.observer — SEC 8-K summary
======================================

Issuer:     Royale Energy, Inc. (ROYL)
CIK:        0001694617
Form:       8-K
Filed at:   2023-11-29T23:59:59+00:00
Accession:  0001185185-23-001262
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1694617/000118518523001262/0001185185-23-001262-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1694617/000118518523001262/royaleinc20231127_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-001262

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