- Decklar (DKL) has shipped 4,000 barrels of crude from its Oza Oil Field in Nigeria to the Umugini Pipeline Infrastructure Limited (UPIL) export facilities
- The oil will then be transferred to the Shell Petroleum Development Company of Nigeria Forcados Oil Export Terminal via the Umugini Pipeline
- The company expects to report cash flows from these activities in the very near future
- Decklar Resources is an oil and gas company focused on opportunities in the West African region
- Decklar (DKL) is down by 6.35 per cent trading at $0.59 per share
Decklar (DKL) has shipped 4,000 barrels of crude to the UPIL export facilities.
The barrels – which originated from the company’s Oza Oil Field in Nigeria – will then be transferred to the Shell Petroleum Development Company of Nigeria Forcados Oil Export Terminal via the Umugini Pipeline.
Decklar is in the process of increasing truckloads after successfully evaluating security and logistical requirements.
Once stockpiles are sufficiently depleted, it will restart production from its Oza-1 well to ensure continual shipments.
“We are very pleased to announce the company’s first oil delivery to the export facilities,” stated Duncan Blount, Decklar’s CEO. “This represents a significant milestone for the company to achieve full-time commercial production, transforming Decklar into a producing company with cash flow to follow in the near future.”
“We continue to look forward positively to future development drilling activities at the Oza Field and continued progress on development activities at the company’s other fields,” he added.
Decklar Resources is an oil and gas company focused on opportunities in the West African region.
Decklar (DKL) is down by 6.35 per cent trading at $0.59 per share as of 2:21 pm EST.