Royale Energy Expands Interest in Pradera Fuego Project Through Farm-Out Agreement

Core Insights - Royale Energy, Inc. has completed a Farm-out agreement to acquire an additional 2.5% working interest in the Pradera Fuego project, increasing its total non-operated working interest to 7.5% across 17,000 acres [1][2] - The Pradera Fuego project includes a significant development pipeline with 39 future Barnett drilling locations and 44 future Woodford locations, which supports long-term growth for the company [2] - Royale currently has interests in all eight producing Barnett wells within the project, producing approximately 3,583 gross BOEPD, with 201 net BOEPD attributable to Royale [3] Company Operations - The recent well, Irma 1H, is flowing at 1,196 BOEPD on a 50/64" choke, indicating strong performance consistent with other producing wells in the project [3] - The CEO of Royale Energy, Johnny Jordan, emphasized the exceptional results from the Pradera Fuego project as a valuable source of long-term growth for the company and its shareholders [4] - Royale Energy is an independent exploration and production company focused on oil and natural gas acquisition, development, and marketing, primarily operating in Texas's Permian Basin [5]