BAKERSFIELD, Calif., Jan. 4, 2017 /PRNewswire/ -- Roya Resources LLC has identified a potentially huge California fresh water aquifer with data suggesting fresh water formations at least two miles thick and a potential footprint of several hundred square miles it was announced today by F. Lynn Blystone, Roya president.
"Our engineer, Joseph Kandle, discovered data in an area presently has only some shallow water wells to support sparse residential and agricultural development. We believe this source would be a great long term asset for a major end user or long term private equity or private party with the financial and legal resources to develop both the surface and the aquifer. Of course smaller parties could obtain control in initial stages," Blystone said.
He noted the prospect is still in the exploration and intellectual property stages and needs further seismic and down hole data as well as property status evaluation to move to development stage. Its potential size could conceivably support Palm Springs area type development and is ideal for a stealth acquisition approach, Blystone said.
"As the current drought enters its sixth year, it is likely, despite recent rains, not the last year and far sighted entities seeking a secure, very long term water source to support profitable, staged development will want to consider the prospect," Blystone said.
Roya Resources is a private Bakersfield firm comprised of highly experienced petroleum technical and administrative people who have developed a considerable inventory of oil exploration and producing property prospects. But, with the petroleum industry presently flat lined, Roya has branched out into more "lively" sectors including lithium, helium, gold and, now, fresh water sources. The firm bills itself as a "one stop shop" from prospect generation, leasing and permitting to drilling, operating and accounting services. Its website is www.royaresources.com.
F. Lynn Blystone
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SOURCE Roya Resources LLC