Decklar Resources Inc, has completed a first closing of the Company’s previously announced unit offering for total gross proceeds of approximately CAD $10,000,000.
The company disclosed that funds from this financing will be used to pursue new oil and gas development opportunities in Nigeria and for general corporate purposes.
The Company also announced that preparations and initial operations at the Oza-1 wellsite at the Oza Oil Field in Nigeria through the Company’s wholly-owned Nigeria-based subsidiary, Decklar Petroleum Limited, are steadily advancing.
An initial wireline survey on the existing Oza-1 wellbore in preparation for the arrival of the drilling rig has been completed. The rig camp and all associated infrastructure has been mobilized, set up and is fully operational, and the remaining major components of the drilling rig will be mobilized this week.
Decklar is further advancing discussions on multiple opportunities to potentially secure additional field interests.