Royale Energy completes $1.5M acquisition of Pradera Fuego oil & gas properties; provides financials

Royale Energy, Inc.

Acquired non-operated working interests in 7 gross (0.19 net) wells in Ector County, TX for $1.5M cash, funded by $500k additional debt and cash on hand.
For year ended Dec 31, 2024, acquired properties generated $1.15M revenue and $934,806 excess of revenues over direct operating expenses.
For six months ended June 30, 2025, revenue $553,634 and excess $433,309.
Proved developed reserves at Dec 31, 2024: 109,625 BO, 221,997 MCF (146,625 BOE). Standardized measure $3.1M.
Effective date July 1, 2025; closing September 3, 2025.

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