Decklar Resources Inc.

Decklar and its co-venturer Millenium Oil & Gas Company Limited have signed a crude handling agreement with Umugini Pipeline Infrastructure Limited , whereby oil produced at the Oza Field will be trucked to the UPIL crude handling facilities and further transferred to the Shell Petroleum Development Company of Nigeria Limited JV Forcados Oil Export Terminal via the Umugini Pipeline. A permit from the Nigerian government [...]

Due to unforeseen downtime and maintenance issues on the Shell-operated Trans Niger Pipeline, Decklar has suffered delays in establishing crude export activities and commercial production from the Oza-1 well. As the timeline to restart operations at the Trans Niger Pipeline is still uncertain, Decklar has progressed alternate export options, including 1) a combination of trucking to a storage facility and associated [...]

Decklar Petroleum and San Leon have agreed to new terms on financing arrangements whereby San Leon will advance US$4,750,000 immediately and an additional US$2,000,000 by April 30, 2022 . Terms of previously announced agreements between Decklar Petroleum and San Leon have been modified in order to complete the transaction. The Option Agreement that would have entitled San Leon to additional participation in the Oza Oil [...]

Decklar Resources Inc. announces the results of independent reserve evaluations of the Asaramatoru field reserves effective October 31, 2021. The Company's share of reserves relates to the Risk Finance and Technical Services Agreement with respect to the 51% of the Asaramatoru Field owned by Prime Exploration and Production Limited . Advanced commercial discussions with the owners of the remaining 49% to extend the RFTSA [...]

Decklar has closed the Share Purchase Agreement signed to purchase all outstanding shares of PurION Energy Ltd. with the initial issuance of 3,750,000 common shares as consideration. Purion has a Risk Finance and Technical Services Agreement with Prime Exploration and Production Limited to participate in the Asaramatoru Field in Nigeria. The Asaramatoru Field is located in the southern area of OML 11 near the Bonny Oil Export Terminal and Bonny LNG plant, and has two historical wells on site, AST-1 and AST-2, with near-term production potential. The full field development plan for the Asaramatoru Field includes re-entry of these wells, drilling additional development wells, and expanding processing facilities - with significant near-term development potential. CALGARY, Albert... [...]

Decklar Resources Inc. announces final completion operations for the Oza-1 well re-entry. Completion operations have now concluded at the Oza-1 well. The final completion has been installed in the Oza-1 well, which has a single 2 7/8 inch tubing string, with a selective zone sliding sleeve configuration. This design will initially be configured to allow for production from the L2.6 sand, which as previously announced had [...]

Decklar Resources Inc. announces the commencement of completion operations for the Oza-1 well re-entry. As previously announced, the Oza-1 well re-entry has been successfully flow-tested in the three target zones . The final well completion design and procurement has been concluded, with all completion equipment now having arrived on location at the Oza-1 well. Completion operations on the well have commenced, which [...]

Decklar Resources Inc. announces the entering into of a non-binding Letter of Intent to purchase all of the issued and outstanding ordinary shares of Westfield Exploration and Production Limited , a Nigerian entity that has entered into a Risk Finance and Technical Services Agreement with Erebiina Energy Resources Limited to participate in the Emohua Field in Nigeria, located in OML 22, which is 6 km west of Port [...]

Company executives will share vision and answer audience questions at VirtualInvestorConferences.com NEW YORK, Oct. 4, 2021 /CNW/ - Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Small Cap Growth Virtual Investor Conference. Individual investors, institutional investors, advisors and analysts are invited to attend. The program opens at 8:45 AM [...]

The initial flow testing of the L2.4 sand resulted in a flow rate of 10.3 million standard cubic feet of natural gas per day . The initial flow testing of the L2.2 sand resulted in a flow rate of 1,361 barrels of oil per day The well is expected to be put on commercial production after the completion equipment is installed. CALGARY, Alberta, Sept. 30, 2021 -- Decklar Resources Inc. is pleased to announce the following [...]