Discovery Energy Corp.
DENR
Other OTC0.00
USD
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Discovery Energy Corp.
DENR
(Other OTC)
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ROIC.AI
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- Business
- Discovery Energy Corp. (DENR) is an exploration-stage oil and gas company focused on the exploration, development, production, and acquisition of conventional and unconventional natural gas, oil, and energy projects in Australia's Cooper and Eromanga basins. The company holds a 100% working interest in Petroleum Exploration License PEL 512, covering approximately 584,651 gross acres (2,369 square kilometers or 914 square miles) spanning the north-eastern region of South Australia and south-western Queensland; this license encompasses key prospects including PEL 512 Lycium (2,000 acres), PEL 512 South (179,000 acres), and PEL 512 West (403,000 acres), with emphasis on converting prospective resources in oil-bearing formations into reserves through low-risk shallow drilling, advanced seismic reinterpretation of over 3,200 miles of 2D data and 55 square miles of 3D data, cutting-edge engineering, and sustainable practices targeting low-cost production. Incorporated in 2006 under Nevada law as Santos Resource Corp. and renamed Discovery Energy Corp. in May 2012, the company maintains headquarters at One Riverway Drive, Suite 1700, Houston, Texas, with an Australian operating subsidiary, Discovery Energy SA Ltd., and employs three staff members while pursuing strategic partnerships with major regional producers. Recent activities emphasize portfolio optimization in the Cooper Basin through prospective resource conversion and low-risk drilling expansion, though no major acquisitions, funding rounds, or product launches have been publicly reported in the last 1-2 years.