Royale Energy (ROYL) Moves Higer; Says Bristol Well Pipeline Completed

March 2, 2012 3:18 PM EST
Royale Energy, Inc. (Nasdaq: ROYL) is moving higher following the following release. Shares are 5.6 percent higher in late-afternoon trading.

has completed the pipeline to its Bristol well in the Sacramento Basin. The well has been put into production and will be opened up to over 1,000,000 cubic ft. per day. The Bristol is the sixth recent discovery made in the Forbes formation on the company's existing 20 square miles of 3D seismic data.


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