Royale Expands California Production

Royale Energy, Inc. ROYL today announced that it has placed the Goddard 3 and Magnum wells into production. Magnum was drilled and tested in 4th quarter 2010 in its deepest objective, while the main zone remains "behind pipe" to be produced at a later time. Following the completion of a pipeline extension, the well was placed online and began selling gas at a rate of 330 MCF per day. It will be systematically raised toward a target rate of 750 MCF per day. Goddard 3 was placed online at a current rate of 500 MCF per day, and will be increased to a target rate of 1,000. The well is the third in Royale's highly prolific Goddard reservoir, deepening the limits of productive Forbes gas sands within the company's Lonestar field area.
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