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Be the first with the news that moves the market- Decklar (DKL) and partner Millenium Oil and Gas have completed a 10,000-barrel delivery of crude oil
- The company has issued an invoice with payment expected within 21 days, marking its first crude oil sale
- The parties are negotiating a new agreement for delivery of an additional 30,000 bbls
- Decklar is an international oil and gas company focused on low-risk appraisal and development opportunities in West Africa
- Decklar Resources (DKL) is up by 2.94 per cent, trading at $0.175 per share
Decklar (DKL) and partner Millenium Oil and Gas have completed a 10,000-barrel delivery of crude oil.
The product stems from the company’s Oza Oil Field in Nigeria and will undergo processing at a small crude oil refinery in nearby Edo State.
Decklar has issued an invoice with payment expected within 21 days, marking its first crude oil sale.
The parties are negotiating a new agreement for delivery of an additional 30,000 bbls. They are also in discussions about a potential monthly minimum quantity of barrels from Decklar’s Oza Oil Field to be sold going forward.
“The deliveries of crude oil from the Oza Oil Field to the Edo refinery have proven that Decklar’s trucking delivery system is viable and that the company can maintain stable crude oil production and shipments,” stated Sanmi Famuyide, Decklar’s CEO. “Decklar will continue to work to improve on this crude oil delivery operation to make it more efficient and consistent while we work towards implementing other crude oil export systems that will enable Decklar and its co-venturer Millenium to fully utilize the production capacity of the Oza Oil Field.”
Decklar is an international oil and gas company focused on low-risk appraisal and development opportunities in West Africa.
Decklar Resources (DKL) is up by 2.94 per cent, trading at $0.175 per share as of 12:55 pm ET.
