Decklar Resources Inc V.DKL

Re-entry OZA field , Nigeria

[lutefish]

Decklar newsrelease April 8

" Drillingrig mobilization is anticipated to begin next week , with the move expected to take roughly seven days "

Rig should  now be on site !

[billythekidd]

You would think reworking the exsisting well would commence sometime this coming week but delays do happen. You just need to look at the 2020 marginal field bid round to realize how slow things move in Nigeria. The DPR opened the bidding round on June 1/2020 with the winners to be announced within 6 months. Its now 11 months later and the DPR still sitting on the results. It seems crazy when they

[Smithstock]

Do we know if drilling is set up on site yet? 

[lutefish]

Nigeria is Nigeria , but xpct rig to be on site coming week .

[Smithstock]

Is this worth holding at 1.05 or dump it?

[billythekidd]

Hold/ Dump......Perhaps you should buy more !   Wink / Wink

[minigoon]

For me, i will buy more once a N/R comes out of either the placement is closed or the drill bit is now turning, and once both are ( placement closed and bit turning ) i will buy another chunk,  

[lutefish]

Management must  be quite confident that The OZA re-entry will be succsessful as the 15 million dollar unit warrants are  priced at  dollar 1,50 . Almost 50 % above present  quote ! And they already have sufficient funds for the initial re-entry work . Believe rig inow has arived at site  as it is a month since they announced commencement of rig mobilization  . 

[Smithstock]

Thanks guys! 

[lutefish]

Another exciting week ahead   !!!!!

[lutefish]

Yea I know , I know . Nigeria is Nigeria , but come on .  Rig was supposed to be on site several weeks ago . No news , no updates since beginning of April . Is this just another Nigerian scam ?????????

[Smithstock]

Here we go

[lutefish]

Or another false start .  Shorters ? Or the real thing ?

[billythekidd]

80 % of the shorts have not covered and believe we will squeeeze them for a run to 1.75 before they get a chance to fully cover....... Next week could be very interesting !

[lutefish]

Looks like another 2-3 weeks to re-entry .

[Smithstock]

Wireline survey and wellbore tests are wrapping up..rig should arrive shortly 

[lutefish]

Spot on .