Business Services Industry
Royal Energy Resources, Inc. Spuds First Well in Two-Well Project
Business Wire, May 5, 2008
BROOKLYN, N.Y. -- Royal Energy Resources, Inc. (OTCBB:ROYE) announced today that it has begun drilling on the first of a two-well project in Northern Oklahoma. The drilling is being done as part of the company's efforts to develop gas reserves in areas known for coal bed methane production.
Jacob Roth, CEO of Royal Energy Resources, Inc., stated, "These two initial wells will help establish a gas well production profile that will assist us in determining how vigorously we will proceed with our participation in developing this area further. Within two weeks of spudding the wells, we should have a good analysis of these wells' potential productivity."
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