Royale Energy contracts rig for Alaska's North Slope

5/28/2014

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.

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