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

• Royale Energy (OTC: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.