Decklar Resources is focused on appraisal and development at its Oza Oil Field, which the Company holds its interest through a Risk Service 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 Oil 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 Oil Field in Nigeria can be found here.
Decklar Resources also has an earn-in agreement on the Holt Property on Vancouver Island, British Colombia, Canada. The property has a NI 43-101 compliant technical report on the area’s prospectivity, with proven volcanogenic massive sulphide (VMS) and skarn magnetite mineralization. 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. Additional information on the Holt Property in Canada can be found here.