Royale Energy +8% as outside expert finds large North Slope quantities

|About: Royale Energy, Inc. (ROYL)|By:, SA News Editor

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.