Seeking Alpha

Royale Energy +20%, says large drillable target identified

  • Royale Energy (ROYL+20.6% premarket on news it has identified a large drillable target on its Alaskan 3D seismic.
  • ROYL says anomalies found in the seismic are located within a critical interval of prospectivity, where elsewhere on Alaska's North Slope the same characteristics have seen excellent exploration results.
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Comments (2)
  • StepUp
    , contributor
    Comments (503) | Send Message
     
    YES!
    22 May 2014, 10:14 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (5788) | Send Message
     
    So (ROYL) will likely jump back to a profit for the next two quarters before falling back into loss territory. And then the cycle continues.
    22 May 2014, 11:54 AM Reply Like
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