Brief: Royale acquires rights to drill up to 30 wells

Royale Energy Funds

06/05/2015 12:30

May 6 (Reuters) - Royale Energy Inc  ROYL.O : 
 * Acquires rights to drill and develop in the 2,299 acre producing ballinger 
   oil field 
 * Says agreement to drill up to 30 wells in the ballinger oil field in runnels 
   county, tx 
 * Says three initial wells to be drilled immediately into the ellenberger 
   formation 
 * Royale has permitted five additional wells to be drilled in the Sacramento 
   basin 
 
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