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Royal Energy's First Well in Two-Well Project
BROOKLYN, N.Y.-(Business Wire)-May 20, 2008 - Royal Energy Resources, Inc. (OTCBB:ROYE) announced today that the initial natural gas flow rate tests through the drill pipe on its Washington County, Oklahoma well exceeded 750,000 cubic feet and 15 barrels of oil per day. This represents the first of two-well projects in Washington County, Oklahoma intended to increase the proven reserves and profitability of the company. Royal Energy owns a 25% working interest in this initial well and with a second developmental well to be started immediately.
Jacob Roth, CEO of Royal Energy stated, "We are pleased with the initial results of our first well and are looking forward to beginning the next well to determine if our analysis regarding the gas reserves in Washington is accurate."
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