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Royale Energy Sheds Monterey Shale Acreage
March 2, 2011
San Diego-based Royale Energy Inc. (Nasdaq: ROYL) has closed the sale of certain assets in Kern County, California, to an undisclosed company for an undisclosed price.
The sale includes an undisclosed acreage position together with several infrastructure assets. Royale has retained an overriding royalty on the acreage, which is prospective for the Monterey shale. ...
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