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Decklar Resources Inc DKLRF


Primary Symbol: V.DKL

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 Sep 08, 2022 7:25pm
220 Views
Post# 34950892

Bid at 52 week low !

Bid at 52 week low !News May 2021...... Decklar prepares for 0ZA 1 well re-entry with plans after for two more Re-entrys on exisiting wells and 8-10 development wells for full field. No wonder we looking to set a new low in the am with one well re-entry completed in the past 16 months and this well is not even flowing into the pipeline despite Decklar stating in numerous news releases that the infrastructure was in place for it to do so.  On the  July29th News release the company stated the well had stablized at a rate of 1184 bopd after re start on July 25th and Oil was being trucked to the pipeline. So we should have 43 days of production which would equal 50,912 barrels of Oil and if the net back is $50 a barrel that should generate 2.5 million dollars. We have had no news on OZA 1 since late July so one would only assume that nothing has changed productioin wise. So why has Decklar  Blount/ Halpin updated shareholders with August production numbers ? If you invest in a Public Company should it be a guessing game about production numbers and when the possibly might do a well re-entry on OZA 2 or 4 or a new Horizontal Development Drill well ? I only blame management for the current share price as the commodity of Brent crude is up 50 % from  the date when they prepared for the first well re-entry. Failure to excute as planned and a lack of transparency to the market is a share price Killer.
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