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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 Aug 06, 2023 11:26pm
129 Views
Post# 35575821

RE:Where's the CFO

RE:Where's the CFOI think he lives in Calgary and gets paid well for Doing Nigerian Math.  It works like this if you can produce 1000 bopd but only truck 250  bopd you dont have a over supply in storage..  1000 minus 250  does not leave 750 barrels in storage. You may have a fleet of 20 trucks but its on a 3 to 1 ratio. You get a permit for 1 out of every 4 trucks. Now if you say why not sell the Oil via pipeline. I believe they tried that route with 8000 -10000 barrels flowing down the Umugini pipeline to the Trans Forcados terminal early in the fall of 2022. I dont believe DKL ever got paid for that Production. Must have been just test Oil from OZA 1 and you not likely going to get paid for that type of production. Its just a test to see if you will get paid. They dont call it line losses because it higher than the Normal 30 percent that goes missing. I think the CFO and CEO both understand the math in Nigeria. Look at the latest financials to see who is getting paid. 
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