DEVELOPING ENERGY RESOURCES
IN WEST AFRICA
Decklar Resources Inc. (formerly Asian Mineral Resources Limited) is a TSX Venture Exchange listed oil and minerals exploration and development company with its primary focus on low risk appraisal and development opportunities in the prolific West African region.
Decklar Resources recently acquired Nigerian-based Decklar Petroleum Limited, which has a Risk Service Agreement with Millenium Oil and Gas Company Limited on the Oza Field. Oza is located onshore in the northern part of Oil Mining Lease (OML) 11 in Nigeria’s Eastern Niger Delta (Abia State). Decklar has assembled a management team with significant oil & gas and infrastructure experience in West Africa.
Decklar Resources also has an earn-in agreement on the Holt Property on Vancouver Island, British Columbia, Canada. This is a low-cost earn-in exploration opportunity in an area with compelling geology due to historical production of gold, silver, and copper with nearby infrastructure in place.
OZA OIL FIELD
The Oza Field is located onshore in the northern part of Oil Mining License 11 in the Eastern Niger Delta of Nigeria. It is a conventional stacked sands reservoir (12 zones) with proven reserves and delineated exploration upside.
There is excellent infrastructure already in place, including export pipeline access tied into the Trans Niger Pipeline (TNP), which flows to the Bonny Export Terminal on OML 11, which is the largest terminal on the African continent and is operated by Shell Petroleum Development Company (SPDC), the local subsidiary of Royal Dutch Shell plc.
Decklar Resources is well positioned for growth and production visibility through near-term well re-entries, as well as additional development drilling to further increase production and reserves at the Oza Field.
Decklar Resources Inc. is pleased to announce that further to its press release dated August 31, 2020 regarding the Subscription Agreement entered into with a subsidiary of San Leon Energy Plc, the parties have agreed to an extension to October 31, 2020 in order to finalize certain conditions precedent in the Subscription Agreement.
Asian Mineral Resources Limited is pleased to announce that it is changing its corporate name to Decklar Resources Inc. effective September 9, 2020.
The Company will also change its stock symbol on the TSX Venture exchange to DKL.
Asian Mineral Resources Limited is pleased to announce that its wholly-owned Nigerian-based subsidiary, Decklar Petroleum Limited, has arranged preliminary funding of US$26 million to develop its Oza Oil Field in Nigeria.