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Royale (ROYL) Makes Two New Discoveries

SAN DIEGO, July 22 /PRNewswire-FirstCall/ — Royale Energy, Inc. (Nasdaq:ROYLNews) today announced that it has successfully drilled the North East Parks #1.  The discovery of gas in the two most recent wells brings the year-to-date drilling to six, compared to five in all of 2009.

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The North East Parks #1 in the LoneStar field, and the Victor Ranch 3-9 in the East Rice Creek field, represent important advances in the ongoing development of these key areas. The completion of the Victor Ranch 3-9 resulted in producible gas from one of the 3 drilled zones. Completion of the North East Parks #1 will commence immediately following the on-going testing of the Victor Ranch 3-9.

Royale plans to drill at least six more natural gas wells in California this year.

Production from Victor Ranch 3-9 and North East Parks #1 is expected to begin in August, contributing to 3rd quarter revenue. The previously drilled Vann #1 and Goddard 1-7 began selling gas on June 21st and April 16th respectively.

“This success demonstrates our commitment to onshore development of clean burning natural gas,” said Stephen Hosmer, the company’s Co-CEO. “We are encouraged that the improving financial condition of the company and the economy allows us to expand our drilling plans and look forward to further growth and positive earnings.”

About the Company

Headquartered in San Diego, Royale Energy, Inc. is an independent energy company. The company is focused on development, acquisition, exploration, and production of natural gas and oil in California, Texas and the Rocky Mountains. It has been a leading independent producer of oil and natural gas for over 20 years. The company’s strength is continually reaffirmed by investors who participate in funding over 50% of the company’s new projects. Additional information about Royale Energy, Inc. is available on its web site at www.royl.com.

Forward Looking Statements

In addition to historical information contained herein, this news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, subject to various risks and uncertainties that could cause the company’s actual results to differ materially from those in the “forward-looking” statements. While the company believes its forward looking statements are based upon reasonable assumptions, there are factors that are difficult to predict and that are influenced by economic and other conditions beyond the company’s control. Investors are directed to consider such risks and other uncertainties discussed in documents filed by the company with the Securities and Exchange Commission.

Thursday, July 22nd, 2010 Uncategorized
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