- Decklar’s (DKL) Oza-1 well in Nigeria is averaging a stabilized production rate of 1,184 barrels of oil per day (bopd)
- The oil – 23 degree API sweet crude – yielded an average gas/oil ratio of 71 mcf/bbl
- The company is accumulating product for eventual delivery to the Umugini Pipeline Infrastructure Limited crude handling facilities
- Decklar Resources is an oil and gas company focused on opportunities in West Africa
- Decklar (DKL) is up by 9.09 per cent trading at $0.36 per share
Decklar’s (DKL) Oza-1 well in Nigeria is averaging a stabilized production rate of 1,184 bopd.
The news follows the resolution of production permitting delays.
Crude oil production occurred at a fixed choke setting of 24/64 inch over a 46-hour period.
The oil – 23 degree API sweet crude – is marked by flowing tubing head pressure of 400 psig with zero BS&W and an average gas/oil ratio of 71 mcf/bbl.
Production is flowing into storage tanks to be delivered by truck to the Umugini Pipeline Infrastructure Limited crude handling facilities.
Oza-1 is part of a co-venture with Millenium Oil & Gas Company at the Oza Oil Field.
Decklar Resources is an oil and gas company focused on opportunities in West Africa.
Decklar (DKL) is up by 9.09 per cent trading at $0.36 per share as of 10:28 am EST.
