Decklar Resources Inc. announced that Decklar and its co-venturer Millenium Oil & Gas Company Limited have executed a new sale and purchase agreement for the delivery of 30,000 barrels of crude oil (bbls) to the Edo Refinery and Petrochemicals Company Limited (ERPC) in Edo State, Nigeria. Decklar and its co-venturer Millenium announce that following the successful delivery of 10,000 bbls of crude oil, a sale and purchase agreement has been signed for delivery of an additional 30,000 bbls of crude oil to a small crude oil refinery in Edo State, Nigeria. Under the terms of the agreement an invoice will be issued after delivery of each 5,000 bbls of crude oil with payment to be received within 21 days.
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