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.<\/p>\n\n\n\n
Part of the text of Decklar’s announcement is set out below:<\/p>\n\n\n\n
\u00b7\u00a0\u00a0\u00a0\u00a0“Decklar Resources and its co-venturer Millenium Oil & Gas Company Limited are pleased to announce that trucking of crude oil from the Oza Oil Field to the Edo Refinery and Petrochemicals Company Limited (ERPC) has continued and total deliveries have now exceeded a total of 30,000 barrels of crude oil in 2023 and thus completed deliveries to satisfy the 30,000 bbls crude sale agreement.<\/p>\n\n\n\n
\u2022\u00a0\u00a0\u00a0\u00a0 Trucking of crude oil has also continued to the Duport Midstream Company Limited (DMCL) refinery in Edo State, with over 7,500 bbls delivered to date.<\/p>\n\n\n\n
Decklar Resources\u00a0and its co-venturer Millenium are pleased to provide updates regarding crude oil delivery operations at the Oza Oil Field in Nigeria.<\/p>\n\n\n\n
Trucking and Sale of Crude Oil to ERPC’s Edo Refinery<\/strong><\/p>\n\n\n\n Trucking of crude oil from the Oza Oil Field to the ERPC facility in Edo State, Nigeria has reached a cumulative volume of over 41,000 bbls, with 10,000 bbls delivered in 2022 under the initial sale and purchase agreement and over 31,000 bbls delivered so far in 2023. Deliveries under the 30,000 bbls contract have now been completed and invoiced, and deliveries will continue under the new 200,000 bbls contract. The terms of the 200,000 bbls agreement include an invoicing and payment cycle that is triggered as each 5,000 bbls batch is delivered and offloaded at the Edo refinery.<\/p>\n\n\n\n