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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 19, 2022 11:15am
204 Views
Post# 34971189

The good the bad and the Ugly

The good the bad and the UglyThe Good...... That they trying to have agreements and permits in place to deliver OZA1 production via more than one export route and that possibly with Sanmi running the show now Oza production will continue on a daily basis....... The  Bad...... The Nigerian government has a choke hold on production until they have signed permits and approvals in place and though they state it should be 4-5 weeks in the making it took them over 4 months once OZA1 was completed to receive the Crude Handling Agreement....... The Ugly ...... Oza 1 has only produced around 40000 barrels since Nov 2021 completion.....  Looks like no revenue yet as Oil is still waiting for sale in either a export terminal or storage tanks..... No mention of additional Oza field development or Well re-entrys..... No update given on the two additional fields Asaramatoru and Emohua....... The share price is trading close to the intial private placement of .28 cents and has declined 80 percent from 52 week high.
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