Discovery Energy Corp. (the “Company”) was incorporated under the laws of the state of Nevada on May 24, 2006 under the name “Santos Resource Corp”. The current business of the Company is the exploration and development of the 584,651 gross acres (914 sq. miles) area in South Australia (“Prospect”) held under Petroleum Exploration License PEL 512 (“License”). The Prospect is located in the “Western Flank” area, which is the southwest Permian edge of the Cooper and Eromanga Basins, the most prolific producing onshore region in Australia. There are three separate acreage blocks in the Prospect: West (~400,000 acres), South (~181,000 acres) and Lycium (~4,000 acres). In May 2012, the Company incorporated a wholly owned Australian subsidiary, Discovery Energy SA Ltd. (“Subsidiary”), for the purpose of acquiring a 100% working interest in the License. In May 2016, the Subsidiary’s legal entity status changed from public to private and its name changed to Discovery Energy SA Pty Ltd. The Company is in the initial exploration phase of determining whether or not the Prospect contains economically recoverable volumes of crude oil, natural gas and/or natural gas liquids (collectively “Hydrocarbons”). Although the Company’s current focus is primarily on the Prospect, management from time-to-time exchanges information with other industry participants regarding additional investment opportunities in Australia.
Company profile
Ticker
DENR
Exchange
Website
CEO
Keith J. McKenzie
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Santos Resource Corp.
SEC CIK
Corporate docs
Subsidiaries
Discovery Energy SA Pty Ltd. ...
IRS number
980507846
DENR stock data
Latest filings (excl ownership)
D/A
$18.32 mm in debt / options / securities to be acquired, sold $7.48 mm, 3 investors
9 Feb 24
D
$250.00 k in equity, sold $20.00 k, 1 investor
28 Mar 23
D/A
$17.38 mm in debt / options / securities to be acquired, sold $7.18 mm, 3 investors
9 Feb 23
10-K
2022 FY
Annual report
6 Dec 22
NT 10-Q
Notice of late quarterly filing
14 Oct 22
NT 10-Q
Notice of late quarterly filing
14 Jul 22
NT 10-K
Notice of late annual filing
31 May 22
D/A
$17.73M in debt / options / securities to be acquired, sold $6.93M, 2 investors
8 Feb 22
10-Q
2022 Q3
Quarterly report
19 Jan 22
NT 10-Q
Notice of late quarterly filing
14 Jan 22
Latest ownership filings
4
Keith J McKenzie
4 Dec 23
4
Keith J McKenzie
1 Dec 23
4
Keith J McKenzie
10 May 22
5
William E Begley
8 Apr 20
4/A
William E Begley
22 May 19
4/A
Keith J McKenzie
3 May 19
4
KEITH D SPICKELMIER
17 Apr 19
4
Keith J McKenzie
17 Apr 19
4
William E Begley
17 Apr 19
SC 13D/A
Discovery Energy Corp.
1 Oct 18
Financial summary
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Diluted EPS |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 5.24 k | 5.24 k | 5.24 k | 5.24 k | 5.24 k | 5.24 k |
Cash burn (monthly) | 9.55 k | 375.83 | 89.93 k | 99.16 k | 7.72 k | 17.38 k |
Cash used (since last report) | 246.02 k | 9.68 k | 2.32 mm | 2.55 mm | 198.84 k | 447.61 k |
Cash remaining | -240.78 k | -4.44 k | -2.31 mm | -2.55 mm | -193.60 k | -442.37 k |
Runway (months of cash) | -25.2 | -11.8 | -25.7 | -25.7 | -25.1 | -25.4 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
4 Dec 23 | Keith J McKenzie | Common Stock | Sell | Dispose S | No | No | 0.03 | 1,500,000 | 45.00 k | 28,385,460 |
4 Dec 23 | Keith J McKenzie | Common Stock | Sell | Dispose S | No | No | 0.03 | 500,000 | 15.00 k | 29,885,460 |
4 Dec 23 | Keith J McKenzie | Common Stock | Sell | Dispose S | No | No | 0.03 | 45,000 | 1.35 k | 30,385,460 |
1 Dec 23 | Keith J McKenzie | Common Stock | Sell | Dispose S | No | No | 0.0001 | 5,300,000 | 530.00 | 30,430,460 |