Royale lands JV partner for source rockDeal would fund 3-D seismic and two horizontal wells on North Slope acreage; partner to be announced as deal moves to closing Eric Lidji For Petroleum News
Royale Energy Inc. has found a partner for its Alaska shale oil program.
Through a joint venture announced April 10, an unnamed company has agreed in principle to pay some $43 million in exploration costs on Royale’s North Slope holdings.
The work would include $38 million for a 3-D seismic program....
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Partner before drilling
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