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Royale Energy sets target of 325 million barrel oil


Published Jun 27, 2014
Royale Energy, Inc.

Royale Energy, Inc. announced the results of an independent review of the prospective resource potential of two recently identified North Slope Alaska drilling targets. Global independent expert, Netherland Sewell and Associates (NSAI) reviewed geological and geophysical data including the recently acquired 3D seismic survey, and concluded that the targets contain 17.8 to 325.3 Million barrels of oil in place. Present expectation of recovery ranges from 14% to 42% of oil in place.

The prospects assessed are the largest two features identified from the recently acquired Big Bend seismic survey, and include contributions from both the Brookian and Alpine reservoirs on lands currently leased from the State of Alaska.

Tags: Royale Energy




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