Company History

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, approximately 40km south of the Oza Field and 15km from the Bonny Export Terminal and Bonny LNG plant.

Additionally, Decklar has recently signed an SPA to acquire all of the outstanding shares of Westfield Exploration and Production Limited, which has a Risk Finance and Technical Services Agreement on the Emohua Field, located in OML 22, approximately 6km from Port Harcourt and 30km west of the Oza Field.

The Asaramatoru and Emohua Fields, similar to Oza, are both conventional stacked sands reservoirs with proven reserves, as well as recent historical production from existing wells on site. Asaramatoru has two wells (AST-1 and AST-2) that last produced in 2012 and 2014, respectively. Emohua has one well (Emohua-1) that was drilled by Shell in 1979, with 3D seismic and wireline log data acquired in 2001, showing nine hydrocarbon-bearing zones.

A brief history of the Company is provided below.

2022	Announced commercial production of Oza-1 well Completed the acquisition of Westfield Exploration and Production Limited, which holds an economic interest in the Emohua Field in OML 22 in Nigeria
2021	Completed the acquisition of Purion Energy Limited, which holds an economic interest in the Emohua Field in OML 11 in Nigeria. Concluded re-entry and completion operations at the Oza-1 well.
2020	Completed the acquisition of Decklar Petroleum Limited, which holds an economic interest in the Oza Field in OML 11 in Nigeria. Changed the name of the Company from Asian Mineral Resources Ltd. to Decklar Resources Inc. to reflect this strategic shift to focus on appraisal and development opportunities in West Africa. Arranged preliminary funding of US$26 million to re-establish oil production and provide development funding for the Oza Field.
2019	Announced an agreement to acquire privately-held Decklar Petroleum Limited, which holds an economic interest in the Oza Field in Nigeria.
2018	Completed the divestiture of 90% interest in the Ban Phuc Nickel Mine in Vietnam after mining over 1.1 million Mt of ore over a 3.5 year mine life to export 215,000 Mt of nickel, copper and cobalt in concentrate. Entered into an option agreement with Island Time Exploration Limited for the right to acquire up to a 75% interest in four mineral titles (“the Holt Property”), whose primary focus is volcanogenic polymetallic massive sulphides.
2016	Decided to place the Ban Phuc Nickel Mine on care and maintenance status in October. Milled 254,328 Mt of ore to produce 4,272 Mt of nickel and 2,051 Mt of copper contained metal in concentrate, plus cobalt by-products at the Ban Phuc mine.
2015	Completed capital development and tailing dam construction at the Ban Phuc mine. Milled 447,746 Mt of ore to produce 8,607 Mt of nickel and 4,011 Mt of copper contained metal in concentrate, plus cobalt by-products at the Ban Phuc mine.
2014	Milled 422,456 Mt of ore to produce 6,854 Mt of nickel and 3,439 Mt of copper contained metal in concentrate, plus cobalt by-products at the Ban Phuc mine.
2013	Opened Vietnam’s first nickel mine – Ban Phuc, a high grade underground polymetallic project. Invested capital in excess of US$140 million in the project. Achieved >94% national workforce and >80% local procurement.