Decklar Resources is focused on low risk oil & gas appraisal and development opportunities in the prolific West African region.
Currently, the Company is progressing operations at its Oza Field, which Decklar holds its interest through a Risk Services Agreement (RSA) with Millenium Oil and Gas Company Limited. Oza is located onshore in the northern part of Oil Mining Lease (OML) 11 in Nigeria’s Eastern Niger Delta (Abia State).
The Oza Field is a conventional stacked sands reservoir (12 zones) with proven reserves, delineated exploration upside, and excellent infrastructure already in place, including export pipeline access. 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. This is a low-risk appraisal and development opportunity on a past producing field in a region with proven hydrocarbon potential. Additional information on the Oza Field can be found here.
Decklar Resources has also recently signed a Share Purchase Agreement (SPA) to acquire all of the outstanding shares of Purion Energy Limited, which has a Risk Finance and Technical Services Agreement (RFTSA) on the Asaramatoru Field, located in the southern swamp portion of OML 11.
The Asaramatoru Field, similar to Oza, is also a conventional stacked sands reservoir (10 zones) with proven reserves, as well as recent historical production from two existing wells on site. This field is located approximately 40 km. south of the Oza Field, and approximately 15 km. from the Bonny Export Terminal and Bonny LNG plant.
The Company also has a legacy earn-in agreement on the Holt Property on Vancouver Islands, British Columbia, Canada. The property has a NI 43-101 compliant technical report on the area’s prosperity with proven volcoanogenic massive sulphide (VMS) and scarf magnetite mineralization. Additional information on the Holt Property in Canada can be found here.