Why Royale Energy (ROYL) Stock Is Spiking Today

NEW YORK (TheStreet) -- Royale Energy (ROYL) shares are up 6.1% to $4 on Tuesday after announcing the results of an independent review of the resource potential of two North Slope, Alaska drilling areas.

Independent reviewer Netherland Sewell and Associates determined that the two drilling sites contain between 17.8 million to 325.3 million barrels of oil with an expected rate of recovery of between 14% and 42%.

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