Decklar Resources Inc. (formerly Asian Mineral Resources Limited) is a TSX Venture Exchange listed oil exploration and production company with its primary focus on low risk appraisal and development opportunities in the prolific West Africa region.
Decklar Resources recently acquired Nigeria-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). It is a conventional stacked sands reservoir (12 zones) with proven reserves and delineated exploration upside. Oza is a concession that covers a 20 sq. km. area of OML 11 that was carved out in 2003 as part of the Government’s Marginal Field Development Program.
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, the largest terminal on the African continent operated by Shell Petroleum Development Company (SPDC), the local subsidiary of Royal Dutch Shell plc, who also operates other producing fields in the region, including Isimiri, Obeakpu, Afam, Obigbo and Umuosi. Decklar Resources has assembled a management and operational team with significant oil & gas and infrastructure experience in West Africa.
Decklar Resources has also signed a Share Purchase Agreement to acquire all outstanding shares of Purion Energy Limited, which has a Risk Finance and Technical Services Agreement on the Asaramatoru Field, located in the southern portion of OML 11 near the Bonny Export Terminal.
As Decklar Resources progresses appraisal and development at the Oza and Asaramatoru Fields in Nigeria, the Company will also continue to seek and evaluate potential acquisitions or strategic investments that may be value accretion opportunities.