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Royale Energy contracts rig for Alaska' s North Slope

SAN DIEGO, California -- Royale Energy, Inc. has entered into a contract for a drilling rig to drill its recently announced North Slope Alaska shale oil play and a large conventional target.

Kuukpik Drill will provide Rig Number 5 for the full 2014-2015 winter season to drill two wells designed to test both the conventional target as well as the shale sequence.

"By securing a rig, we have overcome the biggest challenge to meeting our goals for drilling this winter," said Stephen Hosmer, the company' s Co-CEO.

05/28/2014

 

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