Decklar Resources Inc. Updates Oil Production and Delivery Operations at the Oza Oil Field
19 1월 2023 - 10:30PM
Decklar Resources Inc. (TSX-V: DKL) (OTCQX: DKLRF) (FSE:
A1U1) (
the “Company” or “Decklar”) and
its co-venturer Millenium are pleased to provide updates regarding
oil production and delivery operations at the Oza Oil Field in
Nigeria.
Restart of Production from the Oza-4
Well
Decklar and Millenium have recommenced
production from the Oza Oil Field at a total production rate of
approximately 1,300 bopd. The Oza-1 well is currently producing
approximately 900 bopd of 22 API crude oil on a 20/64 inch choke
with wellhead pressure of 400 psi and 2.5% BS&W. Following
successful minor repairs, the Oza-4 well has been opened and
restarted with current production averaging approximately 400 bopd
on a 24/64 inch choke at wellhead pressure of 1,300 psi with 0.01%
BS&W.
Trucking of Crude Oil to Edo
Refinery
Trucking of oil from the Oza Field is ongoing to
the ERPC facility in Edo State, Nigeria. Ten trucks are currently
in operation and are capable of delivering approximately 2,500 bbls
every four days. Additional trucks are expected to be contracted
over the next few weeks to increase delivery capacity.
Receipt of Funds for First Oil
Sale
Decklar and Millenium have received payment on
the first invoice for delivered crude under the 10,000 bbls sale
agreement with ERPC. The Company has now issued an invoice for
delivery of the first 5,000 bbls as part of the 30,000 bbl sale
agreement with ERPC with payment expected in approximately three
weeks. With continued production and delivery of crude oil it is
expected that regular billing and receipts of sales proceeds will
occur.
Sanmi Famuyide, CEO of Decklar Resources, said,
“We are extremely pleased to announce that we received the first
payment for Oza field production since the involvement of Decklar
and that we have recommenced production from the Oza Field at a
rate of approximately 1,300 bopd. The reopening of Oza-4 went very
smoothly and the lighter crude produced allows us achieve a crude
oil blend with the Oza-1 production that will enable the Company
and our co-venturer Millenium to ramp up deliveries of oil to
market in the very near future. Additionally, trucking operations
to deliver oil to the ERPC facility are running steadily and we are
moving into a routine cycle of delivering and selling material
quantities of crude oil.”
For further information:
Sanmi FamuyideChief Executive Officer Telephone: +234 703 332
2265Email: sanmi@decklarresources.com
David HalpinChief Financial Officer Telephone: +1 403 816
3029Email: david.halpin@decklarresources.com
Investor Relations: info@decklarresources.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Cautionary Language
Certain statements made and information
contained herein constitute "forward-looking information" (within
the meaning of applicable Canadian securities legislation),
including, but not limited to, statements regarding: the future
commercial production of the Oza-1 and Oza-4 wells, obtaining and
renewing all trucking permits, timing and delivery of production to
trucks for offloading at the oil refinery or storage tanks, the
timing for payment of crude oil sales, and the maintaining of
stable crude oil production. All statements in this news release,
other than statements of historical facts, are forward-looking
statements. Such statements and information (together, "forward
looking statements") relate to future events or the Company's
future performance, business prospects or opportunities. There is
no certainty that definitive agreements in respect of the
Transaction will be entered into, or that any conditions precedent
contained therein will be satisfied on terms satisfactory to the
parties or at all.
All statements other than statements of
historical fact may be forward-looking statements. Any statements
that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words
or phrases such as "seek", "anticipate", "plan", "continue",
"estimate", "expect, "may", "will", "project", "predict",
"potential", "targeting", "intend", "could", "might", "should",
"believe" and similar expressions) are not statements of historical
fact and may be "forward-looking statements". Forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
statements. The Company believes that the expectations reflected in
those forward-looking statements are reasonable, but no assurance
can be given that these expectations will prove to be correct and
such forward-looking statements should not be unduly relied upon.
The Company does not intend, and does not assume any obligation, to
update these forward-looking statements, except as required by
applicable laws. These forward-looking statements involve risks and
uncertainties relating to, among other things, changes in oil
prices, results of exploration and development activities,
uninsured risks, regulatory changes, defects in title, availability
of materials and equipment, timeliness of government or other
regulatory approvals, actual performance of facilities,
availability of financing on reasonable terms, availability of
third party service providers, equipment and processes relative to
specifications and expectations and unanticipated environmental
impacts on operations. Actual results may differ materially from
those expressed or implied by such forward-looking statements.
The Company provides no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. The Company
does not assume the obligation to revise or update these
forward-looking statements after the date of this document or to
revise them to reflect the occurrence of future unanticipated
events, except as may be required under applicable securities
laws.
Decklar Resources (TSXV:DKL)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024
Decklar Resources (TSXV:DKL)
과거 데이터 주식 차트
부터 11월(11) 2023 으로 11월(11) 2024