With Oil Prices Skyrocketing, This African Oil Company is Primed to Cash In Big

The Oza field in Nigeria is set to make Decklar Resources (TSXV:DKL) (OTC:DKLRF) take advantage of the booming oil market

Africa’s largest oil producer, Nigeria, contains reserves of 36.97 billion barrels of crude oil1 and one company is gearing up to unlock Nigeria’s growing oil and gas potential at the Oza field

That company is Decklar Resources (TSXV:DKL) (OTC:DKLRF), an oil and gas development exploration company that is moving into the production phase at its project with initial production of 4,000 barrels per day before ramping up to 20,000 barrels per day!2

That’s a potential 7.3 million barrels per year! But that’s just the beginning…

Decklar is days away from producing oil for the demanding market, yet it’s trading at a much lower price.

On top of that, the company also recently gained access to the Asaramatoru field, which is right next door to Oza and nearing production.

With oil price chaos reigning and indecision creating supply bottlenecks amid rising demand post-pandemic, Decklar Resources (TSXV:DKL) (OTC:DKLRF) could be set for takeoff with its premier Oza field property in Nigeria.

8 Reasons

We Believe Decklar Resources (TSXV:DKL) (OTC:DKLRF) is an Undervalued Opportunity

1

Everything in Place: Since the Oza field is already developed with $50 million spent on infrastructure, there is little need for heavy investment into developing additional infrastructure.  Importantly, the Oza field is also connected to Nigeria’s Trans Niger Pipeline (TNP). Decklar (TSXV:DKL) (OTC:DKLRF) is working closely with their field partner, Millenium Oil & Gas Co. Ltd., and has also agreed to help with operations and financing through their RSA agreement.

2

Moving Fast: Oza-1 well re-entry gives Decklar a huge running start. After confirmation of integrity, drilling can immediately begin to get the oil flowing. 

3

Multiple Opportunities for Success: Decklar has eight to ten more well re-entries planned to bring Oza to full field development, multiplying output as fast as possible to achieve initial targets of more than a million barrels a year!

4

Prime Location: Decklar’s Oza property is surrounded by producing fields operated by oil behemoth Shell, including Isirmi, Obeakpu, Afam, Obigbo and Umuosi.

5

Ideal Market Conditions: With growing oil shortages due to OPEC+ negotiation gridlock and a rapid reduction in global oil inventories, the price of oil has shot up. This provides a massive opportunity for companies like Decklar Resources (TSXV:DKL) (OTC:DKLRF) who can produce large quantities of oil in the coming years. 

6

Untapped Potential: Despite representing 25% of Africa’s total oil production, Nigeria still has massive untapped resources.3 The Oza field itself is proven to have large quantities of oil, and due to recent low prices, internal conflicts, and sociopolitics, the oil reserves have yet to be properly utilized. 

7

Low Production Costs: Along with the pre-existing infrastructure, Nigeria is looking to become one of the lowest cost oil and gas producers in the whole sector at just $10 a barrel which can yield even higher profits for Decklar Resources (TSXV:DKL) (OTC:DKLRF).4

8

Near-Term Production: Decklar’s (TSXV:DKL) (OTC:DKLRF) stock price is still only $0.88 but could break out as it transitions to full-speed production in the coming weeks.5

Learn More About Decklar Resource’s Low-Risk, Low-Cost, Near-Term Oil Production Strategy. Get the Most Recent News & Updates Right to Your Inbox!

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