{"id":13028,"date":"2022-12-23T09:24:33","date_gmt":"2022-12-23T09:24:33","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=13028"},"modified":"2022-12-23T09:24:33","modified_gmt":"2022-12-23T09:24:33","slug":"nigeria-san-leon-energy-provides-a-us5-5-million-loan-to-decklar-petroleum","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-san-leon-energy-provides-a-us5-5-million-loan-to-decklar-petroleum\/","title":{"rendered":"NIGERIA: San Leon Energy Provides a US$5.5 million loan to Decklar Petroleum"},"content":{"rendered":"

San Leon has a 11% shareholding in Decklar Petroleum Limited (DPL), the local subsidiary of Decklar operating in Nigeria, and has also made a US$5.5 million loan to DPL, via 10% per annum unsecured subordinated loan notes.\u00a0 As announced by San Leon on 20 December 2022, San Leon is currently in advanced negotiations in respect of the proposed sale of\u00a0 San Leon’s non-core investments in DPL.<\/p>\n

Part of the text of Decklar’s announcement is set out below:<\/p>\n

‘Decklar Resources is pleased to announce that Decklar and its co-venturer\u00a0Millenium Oil & Gas Company\u00a0have completed delivery of\u00a010,000 barrels of crude oil\u00a0 to a small crude oil refinery in Edo State, Nigeria.<\/p>\n

Delivery of Crude Oil<\/strong><\/p>\n

Decklar and its co-venturer Millenium announce that the delivery of 10,000 bbls of crude oil have now been delivered to a small crude oil refinery in Edo State, Nigeria, and under the terms of the sales agreement an invoice has been issued and payment is to be received within 21 days. The initial agreement provided for deliveries totalling 10,000 bbls, and a new agreement is being negotiated for delivery of an additional 30,000 bbls. The parties are also in discussions to potentially agree upon a monthly minimum quantity of barrels of Oza Oil Field crude to be sold to the refinery going forward.’<\/p>\n","protected":false},"excerpt":{"rendered":"

San Leon has a 11% shareholding in Decklar Petroleum Limited (DPL), the local subsidiary of Decklar operating in Nigeria, and has also made a US$5.5 million loan to DPL, via … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":10382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,11,7444],"tags":[9443,10636,1749,8775,8029],"class_list":["post-13028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-top-news","category-west-africa","tag-decklar-resources","tag-millenium-oil-gas-company","tag-nigeria","tag-oza-field","tag-san-leon","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/05\/Oza-field.jpg?fit=750%2C664&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3o8","jetpack-related-posts":[{"id":12760,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-san-leon-energy-recommences-loading-crude-oil-into-trucks-at-the-oza-oil-field\/","url_meta":{"origin":13028,"position":0},"title":"NIGERIA: San Leon Energy Recommences Loading Crude Oil into Trucks at the Oza Oil Field","author":"","date":"November 1, 2022","format":false,"excerpt":"San Leon notes the announcement made on 27 October 2022 by Decklar Resources Inc. in Canada. \u00a0San Leon has a 11% shareholding in Decklar Petroleum Limited, the local subsidiary of Decklar operating in Nigeria, and has also made a US$5.5 million loan to DPL, via 10% per annum unsecured subordinated\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Nigeria-oza_field.jpg?fit=800%2C497&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Nigeria-oza_field.jpg?fit=800%2C497&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Nigeria-oza_field.jpg?fit=800%2C497&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Nigeria-oza_field.jpg?fit=800%2C497&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":13676,"url":"https:\/\/www.oilnewskenya.com\/index.php\/san-leon-energy-provides-update-on-oza-field\/","url_meta":{"origin":13028,"position":1},"title":"NIGERIA: San Leon Energy Provides Update on Oza Field","author":"","date":"May 9, 2023","format":false,"excerpt":"San Leon say itcontinues to explore a potential sale of its non-core investments in DPL although the completion remains subject to the purchaser finalising its own funding arrangements, further details of which were most recently announced by San Leon on 24 March 2023. Part of the text of Decklar's announcement\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/05\/Oza-Oil-Field.png?fit=554%2C522&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/05\/Oza-Oil-Field.png?fit=554%2C522&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/05\/Oza-Oil-Field.png?fit=554%2C522&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":13167,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-restart-of-production-from-the-oza-4-well\/","url_meta":{"origin":13028,"position":2},"title":"NIGERIA: Restart of Production from the Oza-4 Well","author":"","date":"January 20, 2023","format":false,"excerpt":"Decklar and Millenium have recommenced production from the Oza Oil Field at a total production rate of approximately 1,300 bopd. The Oza-1 well is currently producing approximately 900 bopd of 22 API crude oil on a 20\/64 inch choke with wellhead pressure of 400 psi and 2.5% BS&W. Following successful\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9012,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-san-leon-provides-7-5m-funding-for-development-of-oza-field\/","url_meta":{"origin":13028,"position":3},"title":"NIGERIA: San Leon provides $7.5M funding for development of Oza Field","author":"","date":"September 1, 2020","format":false,"excerpt":"San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, announces that it has conditionally agreed to invest US$7.5 million by way of a loan to Decklar Petroleum Limited, the local subsidiary of Asian Mineral Resources Limited. Decklar is the holder of a Risk Service\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Nigeria-oza_field.jpg?fit=800%2C497&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Nigeria-oza_field.jpg?fit=800%2C497&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Nigeria-oza_field.jpg?fit=800%2C497&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Nigeria-oza_field.jpg?fit=800%2C497&ssl=1&resize=700%2C400 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"Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Nigeria-oza_field.jpg?fit=800%2C497&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Nigeria-oza_field.jpg?fit=800%2C497&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Nigeria-oza_field.jpg?fit=800%2C497&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Nigeria-oza_field.jpg?fit=800%2C497&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":9796,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-san-leon-energy-provides-update-on-investment-in-oza-field-2\/","url_meta":{"origin":13028,"position":5},"title":"NIGERIA: San Leon Energy Provides Update on Investment in Oza Field","author":"","date":"February 2, 2021","format":false,"excerpt":"San Leon has provided an update on the funding arrangements by Decklar Petroleum Limited to develop the Oza Oil Field in Nigeria.\u00a0 When fully disbursed, the funding is expected to be sufficient to re-establish oil production and provide development funding for the Oza Oil Field.\u00a0 Update Regarding Funding Arrangements \u00a0The\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Nigeria-oza_field.jpg?fit=800%2C497&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Nigeria-oza_field.jpg?fit=800%2C497&ssl=1&resize=350%2C200 1x, 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