Royale Energy acquires Barnett well interests in Permian for $1.5M cash

Royale Energy, Inc.

• Acquired non-operated working interests in 7 producing Barnett wells in Ector County, TX for $1.5M cash.
• Aggregate working interest now 7.5% across the 7 wells and 5% in associated 17,000-acre Pradera Fuego project.
• Expected to generate ~$715,000 in additional annual cash flow in the first 12 months at current prices.
• Asset includes 39 future Barnett and 44 future Woodford drilling locations for long-term growth.

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