Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Decklar Resources Inc V.DKL

Alternate Symbol(s):  DKLRF

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

Post by billythekiddon Jul 20, 2022 10:50pm
151 Views
Post# 34839119

Insider buying

Insider buyingInsider David Halpin picking up 15000 shares at a .30 cent average. Noit a huge endorsement but probably trying to help this one not drop much lower than .30 cents. I think a non insider had a wack of Asian Minerals around .10 cents and has sold this all the way down with a huge return starting at a buck and still a three bagger into the Thirties. Thats the only thing that makes sense with all the selling house 1 has done over the last 16 months. i also find it very strange that Decklar can not even state that they have 1 well flowing in any of three fields that they have interest in. The only funds coming in was from San Leon energy who in 2016 bought out all Mart Resource shareholders for .25 cents. This despite Mart having the ability to produce 20000 bopd with Partner Midwestern in the Umesadge field and Mart also having a percentage ownership of OML 18 and the Umugini pipeline. Mart resources did have a big debt load but Midwestern choked off production so Mart did not have the cash flow to pay it down . Maybe we see the same thing with San Leon wanting Decklars three fields and we get low balled for .10 cents as we have no current cash flow that the Company is reporting. San Leon energy just swallowed up another big chunk of OML 18 as midwestern owed them millions and they struck a percentage deal on the field and forecasting 40000 bopd by years end.
<< Previous
Bullboard Posts
Next >>