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.