DALLAS, Feb. 25, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Royale Energy Inc. (Nasdaq:ROYL). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at:
Royale Energy Inc. (ROYL) is an independent exploration and production company focused on the acquisition, development, and marketing of natural gas. The Company owns and operates wells in the Sacramento and San Joaquin basins in California and in the U.S. Gulf Coast. It markets approximately 15 million cubic feet of natural gas per day to its customers.
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In the report, the analyst notes:
"ROYL soared to a new 52-week high of $6.23 on Thursday amid rising crude oil prices, thanks to unrest and supply disruptions in Libya. Oil futures crossed the $100 per barrel level for the first time in more than two years Wednesday. ROYL closed Thursday at $5.04, up 41.2% from the prior day's closing.
"The Company's Goddard #1 well has been on-line producing about 5,000 MCF per day since the third quarter of 2010 and it said a third well is expected to commence production soon. Together, the three wells are expected to drive ROYL's production to the highest level in a decade."
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