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Royale Energy ( (ROYL) ) has issued an announcement.
Royale Energy provided updates on its Black Gold IV and V drilling projects, emphasizing a recent offer from a major oil company to purchase its interest in the Pradera Fuego field, which Royale declined to pursue further development with its investors. The majority owner, Ares Energy, is in the process of selling its interest, pausing drilling operations during negotiations, which has attracted significant interest from major oil firms, potentially expediting future drilling efforts and adding value to the project.
More about Royale Energy
Royale Energy operates in the oil and gas industry, focusing primarily on drilling projects and the development of oil and natural gas reserves.
YTD Price Performance: 50.0%
Average Trading Volume: 7,596
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.8M
Learn more about ROYL stock on TipRanks’ Stock Analysis page.
