Decklar Resources Inc. Updates Crude Oil Delivery Operations at the Oza Oil Field
16 2월 2023 - 10:00PM
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 crude oil delivery operations at the Oza Oil Field in
Nigeria.
Receipt of Funds for Oil
Sales
Decklar and Millenium have received payment on
the invoice for delivery of the first 5,000 bbls and invoiced for
the second 5,000 bbls as part of the 30,000 bbl sale agreement with
ERPC. Ongoing production and delivery of crude oil it is expected
to continue to result in regular billing and receipts for crude oil
sales as each 5,000 bbl batch is delivered.
Continued Trucking of Crude Oil to Edo
Refinery
Trucking of oil from the Oza Field has continued
steadily to the ERPC facility in Edo State, Nigeria. An additional
volume of approximately 3,000 bbls has been delivered since the
completion of the first 10,000 bbls previously delivered and
invoiced under the current 30,000 bbls agreement. Permits for ten
additional trucks have been obtained, resulting in a total
available fleet of 20 trucks. Once the additional trucks are
contracted and in operation consistent deliveries totaling
approximately 5,000 bbls per week are expected.
Anticipated Agreement with ERPC for
Additional 150,000 bbls
Decklar and Millenium are at an advanced stage
of executing a new 150,000 bbls crude oil sale and purchase
agreement with ERPC, which is expected to include terms for
invoicing and payment after the delivery of each cargo of 10,000
bbls of crude oil.
Sanmi Famuyide, CEO of Decklar Resources, said,
“We are very pleased that payments for the sale of crude oil from
the Oza field continue to be received. Deliveries to ERPC in Edo
State are ongoing on a consistent basis, and the anticipated
doubling of the contracted truck fleet is expected to enable the
Company and our co-venturer Millenium to increase the volume and
consistency of deliveries of oil to market. The additional trucking
capacity is also expected to create opportunities for additional
delivery of crude oil to other potential customers in the near
term.”
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, the final execution of
necessary agreements to sell additional crude oil, 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