Decklar Resources Inc V.DKL

Alternate Symbol(s): DKLRF

Energy Oil & Gas E&P

Decklar Resources Inc. is an independent international oil and gas company. The Company’s principal business activities are providing funding and technical advisory services to companies involved in the exploration and development of oil and gas properties in Nigeria. The Company is developing three fields, all located in Nigeria, including the Oza and Asaramatoru Fields located onshore in Oil Mining Lease (OML) 11 and the Emohua Field located nearby in OML 22. The Oza Field is an onshore conventional oil field, on dry terrain, in the northwestern part of Oil Mining Lease (OML) 11, approximately 30 kilometers (km) southwest of Port Harcourt, which is part of the Abia State in Nigeria. The Asaramatoru Field is located onshore in the shallow swamp in the southern part of Oil Mining License (OML) 11 in Nigeria. The Emohua Field is situated approximately six km west of the city of Port Harcourt in Rivers State and approximately 30 km west of the Oza Field.

TSXV:DKL - Post by User

Decklar Resources Inc > No news and could take 45 days to receive revenue

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Comment by shaleplayer11on Nov 10, 2021 1:13pm

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Post# 34110871

RE:RE:No news and could take 45 days to receive revenue

First of all DKL have zero contracts in place to deliver and sell oil which is what they are working out. Usually when oil reaches the terminal they may have up to say 45 days to pay for it. For example DKL had used consumeables They may have 30 days to pay suppliers to build Oza 1 or pay workers monthy or bi weekly. Just like you and I who may be allowed not to pay for 30 days. Oil and gas cargoes are sold and shipped on 90 day contracts.

MGMT will probably not share details with us as they tend to overexagerate as you know.

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