Decklar Resources Inc.

The initial flow testing of the L2.6 sand resulted in a stabilized flow rate of 2,463 barrels of oil per day . Testing of the individual sands identified on well logs will continue for the two remaining target zones, after which the well is expected to be put on commercial production with a dual-tubing string completion. CALGARY, Alberta, Sept. 01, 2021 -- Decklar Resources Inc. is pleased to announce the following update [...]

Decklar Resources Inc. is pleased to announce that it has completed a closing of the Company's previously announced unit offering for total gross proceeds of approximately CAD $5,000,000. Funds from this financing will be used to continue to develop the Oza Oil Field in Nigeria, to pursue new oil and gas development opportunities in Nigeria, and for general corporate purposes. As previously announced, Decklar proposed to [...]

Decklar Resources Inc. is pleased to announce an increase for its previously announced Offering from $1 million to up to $5 million. Further to the Company's July 30, 2021 announcement, Decklar is increasing the previously announced financing for gross proceeds of up to $1,000,000 to gross proceeds of up to $5,000,000. Decklar is proposing to complete a non-brokered financing to raise gross proceeds of up to $5,000,000 by [...]

Decklar Resources Inc. announces that further to its press releases dated August 31, September 30, 2020, November 2, 2020, November 23, 2020, and December 15, 2020 regarding the Subscription Agreement entered into with a subsidiary of San Leon Energy Plc, the parties have agreed to continue to work to finalize certain conditions precedent in the Subscription Agreement. Closing of this transaction has continued to take [...]

Decklar Resources Inc. announces that it has granted, effective August 13, 2021, an aggregate of 3,540,000 share purchase options to certain directors, officers, and consultants of the Company and its wholly owned subsidiary Decklar Petroleum Limited in accordance with the Company's current stock option plan. A total of 1,650,000 of the Options are being issued to directors and officers of the Company and Decklar. Each [...]

Re-entry and testing operations at the Oza-1 well continue to move forward steadily, leading the way to advancing Decklar's overall re-entry and development plans for the Oza Oil Field. Pulling of existing tubing and 5 ? inch casing from the Oza-1 wellbore has been successfully completed, and the 9 ⅝ inch casing was cleaned out. A cement bond log has been completed to confirm integrity of the cement behind casing, and [...]

Decklar Resources Inc. is pleased to announce a $1 million Unit Offering and to announce the execution of a contract with Native Ads, Inc. for investor relations and marketing services. Decklar is proposing to complete a non-brokered financing to raise gross proceeds of up to $1,000,000 by way of a unit offering at a price of $1.00 per unit, with each Unit consisting of one common share of Decklar and one-half common [...]

The drilling rig and related equipment are set up on location at the Oza-1 well site. The rig has been tested and inspected and is currently pulling existing tubing out of the well. A cement bond log will then be completed to confirm integrity of the cement behind casing, followed by pulling of the 5 ? inch casing that is inside 9 ⅝ inch casing, running cased hole reservoir well logs, and cleaning of the well. Perforation [...]

Share Purchase Agreement signed to purchase all outstanding shares of PurION Energy Ltd., which has a Risk Finance and Technical Services Agreement with Prime Exploration and Production Limited to participate in the Asaramatoru Oil Field in Nigeria. The Asaramatoru Field is located on OML 11 near the Bonny Oil Field and Bonny Export Terminal, 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. Decklar is no longer seeking to complete the remaining portion of the Company's non-brokered unit financing . TORONTO, July 14, 20... [...]

The drilling rig and related equipment have been fully mobilized to the Oza-1 well site, and the rig is in the final set up and commissioning phase in preparation for the Oza-1 well re-entry activities. Initial operations will include functional testing of the rig, pulling existing tubing out of the well, and running a cement bond log to confirm integrity of the cement behind casing. These operations will be followed by [...]