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detector exploration ltd (DEX) Snapshot

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07/7/14 - C$0.14
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10/10/13 - C$0.01
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detector exploration ltd (DEX) Details

Detector Exploration Ltd. is engaged in the exploration and development of oil and natural gas properties in western Canada. The company is headquartered in Calgary, Canada.

detector exploration ltd (DEX) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$120.0K
Compensation as of Fiscal Year 2013.

detector exploration ltd (DEX) Key Developments

Detector Exploration Ltd. Announces Purchase of Gas Properties in the West Pembina Area of Alberta

Detector Exploration Ltd. announced that as of July 25, 2014 it has completed the previously announced (July 4, 2014) purchase of gas properties in the West Pembina area of Alberta. Funds for the acquisition were arranged through debt financing and Detector Exploration Ltd. debt is currently at $2.1 million.

Detector Exploration Ltd. to Purchase Gas Production Properties in the West Pembina Area of Alberta

Detector Exploration Ltd. announced that it will be acquiring gas properties in the West Pembina area of Alberta. The properties were marketed in a divestiture package and include 85 sections of land and working interests in 60 shallow gas wells. At current gas prices the net production of approximately 1.3 mmcf/d will add significantly to Detector's cash flow and aid in moving the balance sheet toward a positive cash flow. Funds, approximately CAD 650,000 required to complete the transaction, are to be arranged through debt financing.

Detector Exploration Ltd. Auditor Raises 'Going Concern' Doubt

Detector Exploration Ltd. filed its Annual on Apr 25, 2014 for the period ending Dec 31, 2013. In this report its auditor, Collins Barrow Calgary LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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