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Decklar Resources has announced an update to operations at the Oza-1 well re-entry at the Oza oil field in Nigeria through the Company’s wholly-owned Nigeria-based subsidiary, Decklar Petroleum. The Oza field is located onshore in the northern part of OML 11.
Decklar Resources announced that the company continues to make considerable progress on Nigeria's Oza-1 well re-entry with the camp and all associated infrastructure fully installed and operational. The major components of the drilling rig equipment are being transported to the field this week and it is anticipated the rig will be completely moved, installed and rigged-up within two weeks. Decklar will then commence the Oza-1 well re-entry operational activities including the initial work of pulling out the existing tubing, running a cement bond log and cased hole reservoir logs. The re-entry...
Decklar Resources Inc. (TSXV: DKL) has launched its campaign on the Investing News Network. Decklar Resources Inc. (TSXV: DKL) anticipates exciting development activities on its flagship Oza Oil Field in Nigeria. The Oza Oil Field contains up to 12 zones of conventional stacked sands, allowing for vertical drilling and conventional horizontal development drilling. Leveraging excellent infrastructure in a prolific oil & gas jurisdiction presents excellent production and development opportunities. Over the next 12 months, Decklar expects extensive well drilling and exciting development activiti...
Developing High-Quality, Low-Cost Oil & Gas Assets in Nigeria
Oil, gas capital raises in March: Debt deals boost total collected to $11.59B U.S. oil and gas companies covered by S&P Global Market Intelligence raised $11.59 billion in March, an increase from the $7.76 billion of capital recorded in February. Debt offerings made up the bulk of the total with $9.94 billion, while common stock deals, preferred stock offerings and private placements contributed a combined amount of $1.65 billion. Year to date, oil and gas exploration and production companies recorded the highest year-over-year boost after having raised $16.36 billion. Oil and gas refining an...