Decklar Resources Inc. (TSX-V: DKL) (OTCQX: DKLRF) (FSE:
A1U1) (
the “Company” or “Decklar”) is
pleased to provide an update on operational activities relating to
the transportation and export of crude oil produced from the Oza
Oil Field in Nigeria.
Decklar and its co-venturer Millenium Oil &
Gas Company Limited (“Millenium”) are pleased to announce that the
7,800 barrels of crude oil (“bbls”) previously delivered to the
Umugini Pipeline Infrastructure Limited crude handling facilities
has now been delivered to the Forcados crude oil export terminal.
The 7,800 bbls are ready for export pending the completion of
certain repairs to the offshore loading system. In the meantime, an
additional 30,000 bbls has been produced from the Oza Oil Field and
is currently being stored in tanks at the Oza-1 wellsite. These
30,000 bbls will be the initial barrels transported to the new
export facilities, as detailed below. Once part of this crude has
been shipped from the Oza Oil Field tanks, the Oza-1 well will be
brought back onto production, with the ultimate goal being the
provision of a stable, ongoing supply of crude oil into new
alternative export facilities.
Decklar and Millenium are also pleased to
announce that an agreement has also been reached to transport and
sell Oza Oil Field crude oil to a company that owns and operates a
small crude oil refinery in Edo State, Nigeria. The agreement
provides for an initial sale of 10,000 bbls. The parties are also
in discussions to increase the sale quantity to 30,000 bbls and to
possibly agree a minimum monthly quantity of barrels of Oza Oil
Field crude to be sold to the oil refinery. It is anticipated that
all required government permits will be finalized and in place in
the next three to four weeks.
Separately, agreements have been executed to
truck crude oil from the Oza Oil Field to a 45,000 barrel tank farm
located in Akwete. The short-term goal is to transport
approximately 1,100 barrels of oil per day from the Oza Oil Field
to the storage tanks at Akwete. Once the volumes at the Akwete oil
tank exceed 15,000 barrels, barges will load and transport the
crude to an offshore floating storage and offloading unit
(“FSO”).
The barging to an FSO will provide Decklar and
Millenium with the ability to produce and transport larger and more
stable volumes of crude oil from the Oza Oil Field and avoid the
use of pipelines in areas that continue to have problems with
availability, delays and losses. While the trucking and barging of
crude oil involves more complex logistics, it is expected to be
more reliable and cost effective than utilizing trucking and
pipelines. It is anticipated that the required government permits
can be finalized and in place for oil to start being transported to
the Akwete oil storage tank in the next four to five weeks. All
efforts are being made to expedite and complete the necessary
arrangements and obtain the required approvals.
Sanmi Famuyide, CEO of Decklar Resources, said
“the new crude export arrangements, including the sale of the Oza
crude oil in storage, sale of future production to a local
refinery, and trucking crude oil from the Oza Oil Field to the
Akwete tank farm for barging to an FSO, will allow Decklar to
significantly increase deliveries of oil to markets through
improved logistics and alternative export facilities. These new and
existing export alternatives will allow Decklar to generate revenue
in the near future as we look forward to the commencement of more
efficient crude oil transport and exports from the Oza field.”
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: stabilized
production rates of the Oza-1 well and timing thereof and delivery
of such production to trucks for offloading at an oil refinery or
storage tanks, the barging of crude oil to an FSO, the export and
sale of volumes of crude oil, the final execution of necessary
agreements to transport and sell crude oil, and the successful
obtaining of required government and other permits and licenses.
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.
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, counterparty risk,
changes in oil prices, results of exploration and development
activities, competition in the oil and gas industry, uninsured
risks, energy transition 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)
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から 12 2023 まで 12 2024