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.
Trucking and Sale of Crude Oil to ERPC’s
Edo Refinery
Trucking of crude oil from the Oza Oil Field to
the ERPC facility in Edo State, Nigeria has reached a cumulative
volume of over 41,000 bbls, with 10,000 bbls delivered in 2022
under the initial sale and purchase agreement and over 31,000 bbls
delivered so far in 2023. Deliveries under the 30,000 bbls contract
have now been completed and invoiced, and deliveries will continue
under the new 200,000 bbls contract. The terms of the 200,000 bbls
agreement include an invoicing and payment cycle that is triggered
as each 5,000 bbls batch is delivered and offloaded at the Edo
refinery.
Delivery of Crude Oil to DMCL’s
Refinery
In late March, delivery of crude oil commenced
from the Oza Oil Field to DMCL and over 7,500 bbls have been
delivered to date. Under the sale and purchase agreement with DMCL,
Decklar and Millenium initially delivered 5,000 bbls to the Duport
refinery in March and early April, followed by an additional 2,500
bbls in the last half of April. Deliveries of an estimated 5,000
bbls per month will continue going forward, and DMCL has agreed to
purchase up to 100,000 bbls over the next 12 months. The agreement
with DMCL has added a new customer for the sale of crude oil from
the Oza Oil Field and gives Decklar and Millenium an expanded base
to deliver and sell additional crude oil volume.
Completion and Filing of 2022 Year-End
Reports
On May 1, 2023, Decklar completed and filed its
2022 year-end reports, including audited consolidated financial
statements for the years ended December 31, 2022 and 2021 (the
“Annual Financial Statements”), management’s discussion and
analysis as at December 31, 2022 (the “MD&A”), and the 51-101F1
Statement of Reserves Data and Other Oil and Gas Information as of
December 31, 2022 (the “51-101F1 Report”). The annual Financial
Statements, MD&A and 51-101F1 report are all available on the
Company’s website at www.decklarresources.com and have also been
filed on www.sedar.com.
For further information:
Sanmi FamuyideChief Executive Officer Telephone: +234 703 332
2265
Email: sanmi@decklarresources.com
David Halpin
Chief Financial Officer Telephone: +1 403 816 3029
Email: 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.
Statements relating to "reserves" are deemed to
be forward-looking statements, as they involve the implied
assessment, based on certain estimates and assumptions, that the
reserves described exist in the quantities predicted or estimated
and that the reserves can be profitably produced in the future.
Actual reserve values may be greater than or less than the
estimates provided herein.
There are numerous uncertainties inherent in
estimating quantities of crude oil reserves. The reserve
information set forth herein are estimates only. In general,
estimates of economically recoverable crude oil reserves are based
upon a number of variable factors and assumptions, such as
historical production from the properties, production rates,
ultimate reserve recovery, timing and amount of capital
expenditures, marketability of oil and natural gas, royalty rates,
the assumed effects of regulation by governmental agencies and
future operating costs, all of which may vary materially. For these
reasons, estimates of the economically recoverable crude oil
reserves attributable to any particular group of properties,
classification of such reserves based on risk of recovery and
estimates of future net revenues associated with reserves prepared
by different engineers, or by the same engineers at different
times, may vary. Decklar's actual production, revenues, taxes and
development and operating expenditures with respect to its reserves
will vary from estimates thereof and such variations could be
material. Therefore, Decklar's actual results, performance or
achievements could differ materially from those expressed in, or
implied by, these forward-looking estimates and if such actual
results, performance or achievements transpire or occur, or if any
of them do so, there can be no certainty as to what benefits
Decklar will derive therefrom.
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)
過去 株価チャート
から 11 2024 まで 12 2024
Decklar Resources (TSXV:DKL)
過去 株価チャート
から 12 2023 まで 12 2024