San Leon Energy PLC (AIM:SLE, AQSE:SLE, OTC:SLGYF) said a Nigerian oil company in which it has an 11.5% stake and to which it made a US$5.5mln loan has begun trucking crude from its field.
Decklar Petroleum Limited, the local subsidiary of Canada’s Decklar Resources Inc (TSX-V:DKL, OTC:DKLRF), has transported 4,000 barrels of the black stuff from the Oza Oil Field to the handling facilities.
From there it will be transferred to the Forcados Oil Export Terminal via the Umugini Pipeline.
San Leon flagged an announcement made by Decklar Resources Inc (TSX-V:DKL, OTC:DKLRF) made after the market close in London on Thursday. It noted that trucks continue to be loaded from crude oil storage tanks at Oza, which hold around 22,000 barrels of oil.
“During an initial trial trucking period, a reduced volume of crude oil was shipped by a small convoy of trucks to evaluate possible logistics and security issues and to determine optimum routes and infrastructure requirements,” the company added.
“The initial trial period for trucking activities was successful, and the number of trucks to be used is now being increased and optimised.”
Decklar told investors that when sufficient shipments have been completed, production from the Oza-1 well will be re-started.