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Decklar Resources Inc V.DKL

Alternate Symbol(s):  DKLRF

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

Comment by billythekiddon Nov 12, 2021 11:36pm
77 Views
Post# 34122482

RE:Company's market cap is now 10 percent in cash

RE:Company's market cap is now 10 percent in cashIts not all bad when you compare from a year ago when we traded at .30 cents. Since that time we have added participation in two new fields and Reworked Oza 1 to produce Oil from two zones and Gas from another. We get the well flowing at 2000 barrels @ day and skid over for the Horizontal we will be back trading over $ 1.25. The price of Oil has to be a huge catalyst for positive cash flow. If Oza 1 does not flow by December 1st i will be choked and possibly looking for a exit but far too much upside for me to reel my line in and try Deeper Water.
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