Royale Energy rises in pre-market on drilling announcement
Royale Energy, Inc. (Nasdaq:ROYL) is up 8% in pre-market trading after the San Diego-based oil company reported on Monday afternoon that it applied for a permit to drill in eastern Utah. The firm said in a statement that the project will be a low risk to drill, “with a significant upside potential in terms of both long life production and total reserves of natural gas.”
In Tuesday morning trading, ROYL is up 8.63%, or $0.97, to $12.21. For detailed price information and recent news stories about Royale Energy, click ROYL.
