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Oil price, San Leon, Union Jack/Egdon/Europa, Jadestone, UOG And finally…

Oil price, San Leon, Union Jack/Egdon/Europa, Jadestone, UOG And finally…
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United kingdomNorth yorkshireEl salmiyaKafr ash shaykhAbu sennanBrian larkinWalton morantRobin hoodPaul blakeleyZealand maariJeremy naylorJadestone energyDecklar petroleumOza oil fieldWressle hydrocarbon developmentBaker hughes

Decklar Resources Inc Provides Update to Funding for Restart of Production at its Oza Oil Field

Share: Decklar Resources Inc. (DKL-TSX Venture) (the Company ) is pleased to provide an update to previously announced funding arrangements by its wholly-owned Nigeria-based subsidiary, Decklar Petroleum Limited, to develop the Oza Oil Field in Nigeria. When fully disbursed, these funds are expected to be sufficient to re-establish oil production and provide development funding for the Company s Oza Oil Field. The details of the funding plans are included in the Company s August 31, 2020 press release. Update Regarding Funding Arrangements The due diligence required to finalize the term debt arranged with a Nigerian bank and the trading subsidiary of a large multinational oil company active in Nigeria has progressed, and the final report by the independent technical consultant they contracted and based on review of reserve and production data and financial projections has been issued. The definitive loan documents are now being finalized and are anticipated to be issued by the e

Duncant blountDavid halpinDecklar petroleumCompany oza oil fieldOza oil fieldVenture the companyShell production development companyDecklar resources incRegulation services providerVenture exchangeSan leon energy plcDecklar petroleum limitedOza oilTrans niger pipelineBonny export terminalExecutive officer

Decklar Resources Inc Provides Update to Funding for Restart of Production at its Oza Oil Field

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). All statements in this news release, other than statements of historical facts, including statements with respect to the Company satisfying all outstanding conditions precedent in order to complete the transaction with San Leon 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.

Duncant blountDavid halpinDecklar petroleumCompany oza oil fieldOza oil fieldVenture the companyShell production development companyDecklar resources incRegulation services providerVenture exchangeSan leon energy plcDecklar petroleum limitedOza oilTrans niger pipelineBonny export terminalExecutive officer