Decklar Resources Inc V.DKL

Black oil still flowing through the TNP ?

[lutefish]

If it is , and that is of course a big if ,  then 61/2 to 7 cents canadian might be worth another punt .

[billythekidd]

Who Knows with these guys. One thing is consistent and its the lack of news to shareholders. A month and a half goes by without the slighest clue of past and current oil sales over the last six weeks.They paying out about 150k a month for Consulting fees and this is the end result. The Nigerian F--k Factor.

[lutefish]

It was 2 and a half months between the 2 prevous updates.. Thank GOD February is a short month !

[nightshaft]

The real question is, are you willing to loose another 7 cents a share. Their track record for honesty is not great!

[lutefish]

DKL is going further down now so may be I wait to the nickel the Kid predicted  LOL

[nightshaft]

That could be later today! If Decklar is still flowing oil why would they not state it in order to stop the bleeding. Something strange happening here!

[billythekidd]

It's heads or tails it is anybody's guess. Is that the way it should be ?

[billythekidd]

Anybody selling at 5-6 cents must be trying to salvage what is left. 

[nightshaft]

That's true Billy but who would actually buy this stock right now?  I would not buy it with the info that the company has given out!  Perhaps something is looming that a few select people know about and the rest of us will find out in due time. I hope they can keep the Oza field but I'm afraid they have lost the other 2 fields due to non compliance of their agreements with their

[billythekidd]

Yah did they give it a fair shot or was it just a front to make some money in the market for a select few and then spin out what's left for the vulgers to pick up. They had all these trucks contracted but never delivered the oil. San Leon backed out of additional funding . Shell had conditions that they could not meet for additional financing .They shipped Oil down the Umugini pipeline that

[billythekidd]

Hey Lute, Here is the knickel price that i predicted . You loading up the bus or waiting for 3 cents lol ?

[lutefish]

Billy , I had a bid in at 4 cents but  obviously missed out this time around , We may perhaps never , see that level again  if co is lucky in ensuring  continous safe transport through the TNP  

[billythekidd]

I think they need North of a 1000 bopd for six months to cash this up and bring on another well or two.

[nightshaft]

Billy, how did you arrive at this conclusion,  what is your matrix to do so?

[billythekidd]

Just looking at the latest financials and burn rate that they need  a run of around 30000 barrels sold per month at netbacks aroung 50.00 @ barrel would generate around 1.5 million in cash flow and over six months that would position them in a better place.

[billythekidd]

Its been awhile since the last production update ? I wonder if it will be closer to 500 barrels a day or a 1000

[nightshaft]

Or is the well even flowing! 4.5 cents certainly give much confidence. 

[billythekidd]

It would be a material change if the well was not flowing and Decklar would be guilty of non disclosure to the market if that was the case.