Oza | Jotup

Cole-Frieman & Mallon LLP Promotes Malhar Oza to Counsel, Paving the Way for Future Growth and Expansion

Retrieved on:

Wednesday, July 5, 2023

University, University of California, Riverside, CFM, State Bar of California, Oza, Loyola Law School, SAN, Knowledge, Growth, Ethics, Malhar, Counsel

SAN FRANCISCO, July 5, 2023 /PRNewswire-PRWeb/ -- Cole-Frieman & Mallon LLP ("CFM"), a leading investment management law firm, is pleased to announce the promotion of Malhar Oza to Counsel. With this promotion, Malhar will play an integral role in the planning and future development of the firm. In particular, he will be leading the efforts to establish and build CFM's Los Angeles office, bringing the expertise and knowledge of our growing firm to the Southern California market.

Key Points:

Malhar Oza's promotion to Counsel at Cole-Frieman & Mallon LLP signals exciting prospects for the firm's future growth and development.
SAN FRANCISCO, July 5, 2023 /PRNewswire-PRWeb/ -- Cole-Frieman & Mallon LLP ("CFM"), a leading investment management law firm, is pleased to announce the promotion of Malhar Oza to Counsel.
With this promotion, Malhar will play an integral role in the planning and future development of the firm.
"I am honored to be promoted to Counsel at Cole-Frieman & Mallon," said Malhar Oza.

Decklar Adds 50,000 Barrels to Crude Oil Sales Agreement and Updates Oil Delivery Operations

Retrieved on:

Wednesday, March 15, 2023

FSE, Sale, DKL, Millennium, Oza, Forçados, Independent Natural Resources, Inc, Oil, ERPC

Trucking of crude oil has continued from the Oza Oil Field to the ERPC refinery, and total deliveries to ERPC have passed the 20,000 bbl mark under the 30,000 bbls crude sale agreement.

Key Points:

Trucking of crude oil has continued from the Oza Oil Field to the ERPC refinery, and total deliveries to ERPC have passed the 20,000 bbl mark under the 30,000 bbls crude sale agreement.
CALGARY, Alberta, March 15, 2023 (GLOBE NEWSWIRE) -- Decklar Resources Inc. (TSX-V: DKL) (OTCQX: DKLRF) (FSE: A1U1) (the “Company” or “Decklar”) and its co-venturer Millenium are pleased to announce execution of an addendum to the recent crude oil sale and purchase agreement and to provide updates regarding crude oil delivery operations at the Oza Oil Field in Nigeria.
Payments for delivery of crude oil continue to be received per the terms of the 30,000 bbls sales agreement as each 5,000 bbl batch is invoiced.
This arrangement further develops the relationship between the companies and enables Decklar to continue to produce and deliver substantial volumes of crude oil from the Oza Oil Field.

Decklar Announces New Arrangements for Delivery and Export of Crude Oil From Oza Oil Field

Retrieved on:

Monday, September 19, 2022

Oza, DKL, Sale, FSE, Millennium, FSO, Government, CEO, Transport, GLOBE, Forçados, Oil, Petroleum

Decklar and its co-venturer Millenium Oil & Gas Company Limited (Millenium) are pleased to announce that the 7,800 barrels of crude oil (bbls) previously delivered to the Umugini Pipeline Infrastructure Limited crude handling facilities has now been delivered to the Forcados crude oil export terminal.

Key Points:

Decklar and its co-venturer Millenium Oil & Gas Company Limited (Millenium) are pleased to announce that the 7,800 barrels of crude oil (bbls) previously delivered to the Umugini Pipeline Infrastructure Limited crude handling facilities has now been delivered to the Forcados crude oil export terminal.
Decklar and Millenium are also pleased to announce that an agreement has also been reached to transport and sell Oza Oil Field crude oil to a company that owns and operates a small crude oil refinery in Edo State, Nigeria.
Separately, agreements have been executed to truck crude oil from the Oza Oil Field to a 45,000 barrel tank farm located in Akwete.
Sanmi Famuyide, CEO of Decklar Resources, said the new crude export arrangements, including the sale of the Oza crude oil in storage, sale of future production to a local refinery, and trucking crude oil from the Oza Oil Field to the Akwete tank farm for barging to an FSO, will allow Decklar to significantly increase deliveries of oil to markets through improved logistics and alternative export facilities.

Decklar Resources Inc. Announces Closing of Purchase of Westfield Exploration and Production Limited

Retrieved on:

Monday, June 6, 2022

DKL, SPDC, CEO, Shell Nigeria, GBK Dairy Products Limited, Cobham Technical Services, GLOBE, Acquisition, Federal government of Nigeria, Oza, FSE, Federal, SPA, Rivers State, Oil, Natural gas, Security (finance), OML, Satyrini

The Bonny Oil Export Terminal and Bonny LNG plant are located approximately 50 km south of the Emohua Field.

Key Points:

The Bonny Oil Export Terminal and Bonny LNG plant are located approximately 50 km south of the Emohua Field.
The Emohua Field was formerly operated by Shell Petroleum Development Company of Nigeria Limited (SPDC).
Decklar and Westfield previously entered into a share purchase agreement (the SPA) whereby Decklar has purchased all of the issued and outstanding ordinary shares of Westfield (the Westfield Shares).
Duncan Blount, CEO of Decklar Resources, remarked Closing the acquisition of Westfield now brings a third asset to our portfolio at Decklar.

Decklar Resources Inc. Announces Filing of 2021 Year End Reports, Reserve Report Highlights, and Purchase Warrant Extension

Retrieved on:

Tuesday, May 3, 2022

TSX Venture Exchange, GBK Dairy Products Limited, Company, Engineering, Warrant, Probability, Natural gas, Review, Oza, Classification, CEO, Technology, Growth, Acquisition, Lithium, Oil

Duncan Blount, CEO of Decklar Resources, remarked, We are greatly excited by the upside opportunities presented by the reserves potential of the Oza and Asaramatoru Fields.

Key Points:

Duncan Blount, CEO of Decklar Resources, remarked, We are greatly excited by the upside opportunities presented by the reserves potential of the Oza and Asaramatoru Fields.
It is unlikely that the actual remaining quantities recovered will exceed the sum of the estimated proved plus probable plus possible reserves.
probable reserves are those additional reserves that are less certain to be recovered than proved reserves.
They must fully meet the requirements of the reserves classification (proved, probable, possible) to which they are assigned.

Decklar Resources Inc. Announces Closing of Funding Transaction With San Leon Energy

Retrieved on:

Thursday, January 27, 2022

Decklar Petroleum and San Leon have agreed to new terms on financing arrangements whereby San Leon will advance US$4,750,000 immediately and an additional US$2,000,000 by April 30, 2022 (or San Leon will accept a pro rata reduction in its shareholding in Decklar Petroleum).

Key Points:

Decklar Petroleum and San Leon have agreed to new terms on financing arrangements whereby San Leon will advance US$4,750,000 immediately and an additional US$2,000,000 by April 30, 2022 (or San Leon will accept a pro rata reduction in its shareholding in Decklar Petroleum).
Terms of previously announced agreements between Decklar Petroleum and San Leon have been modified in order to complete the transaction.
As detailed below, in 2020, the Company announced that San Leon had conditionally agreed to advance US$7,500,000 by way of a loan to Decklars wholly-owned subsidiary, Decklar Petroleum Limited (Decklar Petroleum).
Decklar has agreed to modified terms to proceed with the arrangement with San Leon and to involve San Leon in future development planning.

Decklar Resources Inc. Announces Letter of Intent to Participate in the Emohua Field in OML 22 in Nigeria

Retrieved on:

Wednesday, October 6, 2021

The Bonny Oil Export Terminal and Bonny LNG plant are located approximately 50 km south of the Emohua Field.

Key Points:

The Bonny Oil Export Terminal and Bonny LNG plant are located approximately 50 km south of the Emohua Field.
The Emohua Field was formerly operated by Shell Petroleum Development Company of Nigeria Limited (SPDC).
It was awarded to Erebiina by the Federal Government of Nigeria in 2021 as part of the Marginal Field Program.
Duncan Blount, CEO of Decklar Resources, remarked the Emohua Field has the potential to be a significant addition to the Decklar portfolio.

Decklar Resources Inc. Announces Update to Oza-1 Well Re-Entry

Retrieved on:

Thursday, May 27, 2021

Oza

TORONTO, May 27, 2021 (GLOBE NEWSWIRE) -- Decklar Resources Inc. (DKL-TSX Venture) (the Company or Decklar) is pleased to announce an update to operations at the Oza-1 well re-entry at the Oza Oil Field in Nigeria through the Companys wholly-owned Nigeria-based subsidiary, Decklar Petroleum Limited.

Key Points:

TORONTO, May 27, 2021 (GLOBE NEWSWIRE) -- Decklar Resources Inc. (DKL-TSX Venture) (the Company or Decklar) is pleased to announce an update to operations at the Oza-1 well re-entry at the Oza Oil Field in Nigeria through the Companys wholly-owned Nigeria-based subsidiary, Decklar Petroleum Limited.
Decklar continues to make considerable progress on the Oza-1 well re-entry with the camp and all associated infrastructure fully installed and operational.
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.
In exchange, Decklar is entitled to priority recovery of its capital from 80% of distributable funds.

Update on Acquisition of Economic Interest in the Oza Oil Field, Niger Delta of Nigeria

Retrieved on:

Wednesday, April 1, 2020

Equity securities, Stock market, Oza, Share

Decklar is a party to a Risk Service Agreement (RSA) with Millennium Oil & Gas Company Limited (Millennium).Millennium is the owner of the Oza Field located onshore in the northern part of Oil Mining License 11 in the Eastern Niger Delta of Nigeria.

Key Points:

Decklar is a party to a Risk Service Agreement (RSA) with Millennium Oil & Gas Company Limited (Millennium).Millennium is the owner of the Oza Field located onshore in the northern part of Oil Mining License 11 in the Eastern Niger Delta of Nigeria.
The RSA entitles Decklar to undertake work on the Oza Field and share in the distributable funds generated from production, after reimbursement of its costs.
The aggregate purchase price (the Purchase Price) is CDN$8,550,000, payable through the issuance of 30,000,000 common shares of the Company (Shares) based on a deemed value of CDN$0.285 per Share.
Of the aggregate Purchase Price, 22,000,000 Shares are payable upon closing of the Acquisition with the balance of 8,000,000 Shares being payable only if the Oza Field achieves a minimum production rate within 12 months of closing.

Update on Acquisition of Economic Interest in the Oza Oil Field, Niger Delta of Nigeria

Retrieved on:

Thursday, March 5, 2020

Oza, Niger Delta, Geography of Nigeria, Geography of Africa

Decklar is a party to a Risk Service Agreement (RSA) with Millenium Oil and Gas Company Limited (Millenium).

Key Points:

Decklar is a party to a Risk Service Agreement (RSA) with Millenium Oil and Gas Company Limited (Millenium).
Millenium is the owner of the Oza Field located onshore in the northern part of Oil Mining License 11 in the Eastern Niger Delta of Nigeria.
The RSA entitles Decklar to undertake work on the Oza Field and share in the distributable funds generated from production, after reimbursement of its costs.
Of the aggregate Purchase Price, 22,000,000 Shares are payable upon closing of the Acquisition with the balance of 8,000,000 Shares being payable only if the Oza Field achieves a minimum production rate within 12 months of closing.