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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

Post by billythekiddon Jul 20, 2022 10:50pm
186 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.
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