Today 7:52 AM ET (Benzinga)
Royale
Energy (Nasdaq: ROYL) today announced that it has entered into a
contract for a drilling rig to drill its recently announced North Slope
Alaska shale oil play and the large 3D conventional target announced
last week. Kuukpik Drill will provide Rig Number 5 for the full
2014-2015 winter season to drill two wells designed to test both the
conventional target as well as the shale sequence."By securing a rig, we have overcome the biggest challenge to meeting our goals for drilling this winter," said Stephen Hosmer, the company's Co-CEO.
See full press release
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