the oza

Decklar Resources Inc. Announces Completion of the Oza-1 Well

Decklar Resources Inc. (TSX-V: DKL) (OTCQX: DLKRF) (FSE: A1U1) ( the "Company" or "Decklar") announces final completion operations for the Oza-1 well re-entry.

Completion operations have now concluded at the Oza-1 well. The final completion has been installed in the Oza-1 well, which has a single 2 7/8 inch tubing string, with a selective zone sliding sleeve configuration. This design will initially be configured to allow for production from the L2.6 sand, which as previously announced had tested at a stabilized flow rate of 2,463 barrels of oil per day of 22 degree API sweet crude oil on a 32/64 inch choke setting and flowing tubing head pressure of 450 psig over the testing period with less than 0.05% basic sediment and water and no gas production.

Logistics and export activities for the Oza-1 well are being finalized, at which point, the well will commence commercial oil production.

Duncan Blount, CEO of Decklar Resources, remarked "This marks an exciting milestone for the company as we complete the Oza-1 well. This is the first of several re-entry wells and development wells that we plan to develop at Oza, as well as at our other fields across the Niger Delta."

The Company is currently evaluating the next phase of development drilling activities at the Oza Field.

For further information:

Duncan T. Blount
Chief Executive Officer Telephone: +1 305 890 6516
Email: dblount@decklarresources.com
David Halpin
Chief Financial Officer Telephone: +1 403 816 3029
Email: david.halpin@decklarresources.com
Investor Relations: info@decklarresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Language

Certain statements made and information contained herein constitute "forward-looking information" (within the meaning of applicable Canadian securities legislation), including entering into definitive agreements in respect of the Transaction and satisfaction of conditions precedent to completion of the Transaction. All statements in this news release, other than statements of historical facts, are forward-looking statements. Such statements and information (together, "forward looking statements") relate to future events or the Company's future performance, business prospects or opportunities. There is no certainty that definitive agreements in respect of the Transaction will be entered into, or that any conditions precedent contained therein will be satisfied on terms satisfactory to the parties or at all.

All statements other than statements of historical fact may be forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect, "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions) are not statements of historical fact and may be "forward-looking statements". Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws. These forward-looking statements involve risks and uncertainties relating to, among other things, changes in oil prices, results of exploration and development activities, uninsured risks, regulatory changes, defects in title, availability of materials and equipment, timeliness of government or other regulatory approvals, actual performance of facilities, availability of financing on reasonable terms, availability of third party service providers, equipment and processes relative to specifications and expectations and unanticipated environmental impacts on operations. Actual results may differ materially from those expressed or implied by such forward-looking statements.

The Company provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not assume the obligation to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
decklar resources

Decklar Resources

Developing High-Quality, Low-Cost Oil & Gas Assets in Nigeria

Developing High-Quality, Low-Cost Oil & Gas Assets in Nigeria Keep Reading...
Kojo Orgle.

Kojo Orgle: Why Investors Shouldn't Ignore Oil Market Fundamentals

Oil markets remain caught between geopolitical uncertainty and shifting global supply dynamics, leaving investors questioning where prices will head next.In this episode of INN Conversation, Georgia Williams sits down with ICIS market analyst Kojo Orgle to examine how the prolonged disruption in... Keep Reading...
Potential Oil & Gas Drilling Contractors Assess Drill Sites with Enercam Management on Block VIII, Cambodia

Potential Oil & Gas Drilling Contractors Assess Drill Sites with Enercam Management on Block VIII, Cambodia

(TheNewswire) GRANDE PRAIRIE, ALBERTA TheNewswire - (August 12, 2026): Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) ("ANGKOR" OR "THE COMPANY") announces that senior representatives of its Cambodian energy subsidiary, EnerCam Resources Co., Ltd. ("EnerCam"), met with potential drilling... Keep Reading...
RETRANSMISSION: QIMC Reports Record 23.5% Natural Hydrogen Within the First 300 Metres of Ongoing DDH-26-05 and Observations Consistent with Free Gas at Bennett Hill at 164 Metres

RETRANSMISSION: QIMC Reports Record 23.5% Natural Hydrogen Within the First 300 Metres of Ongoing DDH-26-05 and Observations Consistent with Free Gas at Bennett Hill at 164 Metres

Observations consistent with free gas at 164 metres, together with a ~54-metre corridor of sustained percent-level hydrogen concentrations (143-197 m), support the interpretation of a robust, structurally controlled natural hydrogen system. Highlights Record 23.5% Hâ‚‚ encountered within only the... Keep Reading...
QIMC Reports Record 23.5% Natural Hydrogen Within the First 300 Metres of Ongoing DDH-26-05 and Observations Consistent with Free Gas at Bennett Hill at 164 Metres

QIMC Reports Record 23.5% Natural Hydrogen Within the First 300 Metres of Ongoing DDH-26-05 and Observations Consistent with Free Gas at Bennett Hill at 164 Metres

Observations consistent with free gas at 164 metres, together with a ~54-metre corridor of sustained percent-level hydrogen concentrations (143-197 m), support the interpretation of a robust, structurally controlled natural hydrogen system. Highlights Record 23.5% Hâ‚‚ encountered within only the... Keep Reading...
Syntholene Energy Corp. Announces Further Upsize to Previously Announced Private Placement

Syntholene Energy Corp. Announces Further Upsize to Previously Announced Private Placement

Syntholene Energy Corp. (TSXV: ESAF,OTC:SYNTF) (FSE: 3DD0) (OTCQB: SYNTF) ("Syntholene" or the "Company") announced today, that in order to meet increased investor demand, it has further upsized its previously announced non-brokered private placement offering to $2.3 million (the "Offering").The... Keep Reading...
Alvopetro Announces Q2 2026 Financial Results

Alvopetro Announces Q2 2026 Financial Results

Alvopetro Energy Ltd. (TSXV: ALV,OTC:ALVOF) (OTCQX: ALVOF) ("Alvopetro" or the "Company") announces an operational update, our financial results for the three and six months ended June 30, 2026, and details for our Q2 2026 earnings call. All references herein to $ refer to United States dollars,... Keep Reading...

Interactive Chart

Latest Press Releases

Related News