- Royale Energy (ROYL +8.3%) is on the move after saying two of its recently identified drilling targets on Alaska's North Slope may contain as much as 325M barrels of oil.
- ROYL says it has applied to state authorities for permits to drill two locations during the upcoming winter drilling season using a rig already under contract, and the wells are being designed to evaluate the unconventional and shale potentials of the targets.
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