Decklar Resources Inc V.DKL

Alternate Symbol(s): DKLRF

Energy Oil & Gas E&P

Decklar Resources Inc. is a Canada-based independent international oil and gas company. The Company is focused on low-risk appraisal and development opportunities in the West African region. The Company is progressing operations at its Oza Field, which it holds its interest through a risk services agreement (RSA) with Millenium Oil and Gas Company Limited. Oza is located onshore in the northern part of Oil Mining Lease (OML) 11 in Nigeria's Eastern Niger Delta (Abia State). Its Asaramatoru Field is located onshore in the shallow swamp in the southern part of OML 11 in Nigeria, which is located about 40 kilometers (km) south of the Oza Field. The Asaramatoru Field is located in mangrove forested terrain. Its Emohua Field is located onshore on dry terrain in the southeastern part of OML 22 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

<< Previous

Bullboard Posts

Next >>

Comment by shaleplayer11on Nov 10, 2021 1:13pm

96 Views

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.

<< Previous

Bullboard Posts

Next >>

Debt-free cannabis company set for next stage of growth