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Last $0.80 USD
Change Today 0.00 / 0.00%
Volume 0.0
DENR On Other Exchanges
As of 8:10 PM 06/15/15 All times are local (Market data is delayed by at least 15 minutes).

discovery energy corp (DENR) Snapshot

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06/15/15 - $0.80
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discovery energy corp (DENR) Details

Discovery Energy Corp., an exploration stage company, is engaged in the exploration and development of oil and gas properties. It holds 100% working interest in the petroleum exploration license 512 prospect that covers an area of 584,651 gross acres located in South Australia. The company was formerly known as Santos Resource Corp. and changed its name to Discovery Energy Corp. in May 2012. Discovery Energy Corp. was founded in 2006 and is based in Houston, Texas.

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discovery energy corp (DENR) Key Developments

Discovery Energy Corp. Auditor Raises 'Going Concern' Doubt

Discovery Energy Corp. filed its 10-K on Jun 15, 2015 for the period ending Feb 28, 2015. In this report its auditor, Malone & Bailey, PLLC, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Discovery Energy Corp. Announces Ninth Amendment to Consolidated Promissory Note Dated June 2, 2015

Effective September 26, 2013, Discovery Energy Corp. and Liberty Petroleum Corporation amended two promissory notes that the company had executed in favor of Liberty with an aggregate original principal amount of $650,000 in connection with the formal grant of Petroleum Exploration License (PEL) 512 in the State of South Australia. These promissory notes were executed in consideration of Liberty’s agreement to allow the company to be issued the License instead of Liberty. Effective September 26, 2013, these promissory notes were consolidated into a new single promissory note, which represents the amended terms, provisions and conditions regarding the amounts owed by the company to Liberty. Effective June 2, 2015, the company and Liberty amended the Consolidation Note so that the Initial Due Date will be September 2, 2015, and provided that if the company makes prepayments in the aggregate amount of $250,000 prior to the new Initial Due Date of June 2, 2015, then the due date for the remainder of the principal amount of and accrued interest on the consolidation note would be extended until November 2, 2015.

Discovery Energy Corp. announced delayed annual 10-K filing

On 05/28/2015, Discovery Energy Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC.


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