Decklar Resources Inc. Announces Completion Operations for the Oza-1 Well

Decklar Resources Inc. Announces Completion Operations for the Oza-1 Well

Article content material

CALGARY, Alberta, Oct. 21, 2021 (GLOBE NEWSWIRE) — Decklar Sources Inc. (TSX-V: DKL) (OTCQX: DKLRF) (FSE: A1U1 ( the “Firm” or “Decklar”) pronounces the graduation of completion operations for the Oza-1 properly re-entry.

As beforehand introduced, the Oza-1 properly re-entry has been efficiently flow-tested within the three goal zones (L2.2, L2.4, and L2.6). The ultimate properly completion design and procurement has been concluded, with all completion gear now having arrived on location on the Oza-1 properly. Completion operations on the properly have commenced, which embody working 2 7/8” tubing, manufacturing packers, sliding sleeves and fuel carry gear, with all actions anticipated to conclude inside 7 to 10 days. The properly will likely be initially configured for manufacturing from the L2.6 zone, which examined at charges as much as 2,463 bopd as beforehand introduced.

Article content material

All early manufacturing amenities have been put in and performance examined together with a 5,000 bopd three section separator, crude oil storage tanks and export pumps.

Duncan Blount, CEO of Decklar Sources, remarked “We sit up for finishing the Oza-1 properly and bringing the Oza Subject into full time industrial manufacturing for the primary time since its discovery within the Seventies. That is an thrilling milestone for us at Decklar as we transition to being an oil producing firm. With oil costs at a seven yr excessive, it is a very thrilling time for the graduation of manufacturing for the corporate. From right here, we are going to proceed with full subject growth at Oza, and likewise sit up for pursuing comparable re-entry methods at our Asaramatoru and Emohua Fields.”

Article content material

For additional info:

Duncan T. Blount
Chief Government Officer    Phone: +1 305 890 6516
E-mail: dblount@decklarresources.com

David Halpin
Chief Monetary Officer     Phone: +1 403 816 3029
E-mail: davidhalpin@decklarpetroleum.com

Investor Relations: info@decklarresources.com

Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch.

Cautionary Language

Sure statements made and data contained herein represent “forward-looking info” (inside the which means of relevant Canadian securities laws), together with getting into into definitive agreements in respect of the Transaction and satisfaction of circumstances precedent to completion of the Transaction. All statements on this information launch, apart from statements of historic info, are forward-looking statements. Such statements and data (collectively, “ahead wanting statements”) relate to future occasions or the Firm’s future efficiency, enterprise prospects or alternatives. There is no such thing as a certainty that definitive agreements in respect of the Transaction will likely be entered into, or that any circumstances precedent contained therein will likely be happy on phrases passable to the events or in any respect.

Article content material

All statements apart from statements of historic reality could also be forward-looking statements. Any statements that categorical or contain discussions with respect to predictions, expectations, beliefs, plans, projections, targets, assumptions or future occasions or efficiency (typically, however not at all times, utilizing phrases or phrases equivalent to “search”, “anticipate”, “plan”, “proceed”, “estimate”, “anticipate, “could”, “will”, “mission”, “predict”, “potential”, “focusing on”, “intend”, “may”, “would possibly”, “ought to”, “consider” and comparable expressions) will not be statements of historic reality and could also be “forward-looking statements”. Ahead-looking statements contain recognized and unknown dangers, uncertainties and different components that will trigger precise outcomes or occasions to vary materially from these anticipated in such forward-looking statements. The Firm believes that the expectations mirrored in these forward-looking statements are cheap, however no assurance could be on condition that these expectations will show to be right and such forward-looking statements shouldn’t be unduly relied upon. The Firm doesn’t intend, and doesn’t assume any obligation, to replace these forward-looking statements, besides as required by relevant legal guidelines. These forward-looking statements contain dangers and uncertainties referring to, amongst different issues, adjustments in oil costs, outcomes of exploration and growth actions, uninsured dangers, regulatory adjustments, defects in title, availability of supplies and gear, timeliness of presidency or different regulatory approvals, precise efficiency of amenities, availability of financing on cheap phrases, availability of third celebration service suppliers, gear and processes relative to specs and expectations and unanticipated environmental impacts on operations. Precise outcomes could differ materially from these expressed or implied by such forward-looking statements.

The Firm offers no assurance that forward-looking statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements. The Firm doesn’t assume the duty to revise or replace these forward-looking statements after the date of this doc or to revise them to replicate the prevalence of future unanticipated occasions, besides as could also be required beneath relevant securities legal guidelines.

Primary Logo

Leave a Reply

Your email address will not be published. Required fields are marked *

20 − eleven =