deloro resources ltd
(DLL:Canadian Ventures Exchange)
deloro resources ltd (DLL) Snapshot
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Open
C$0.0050
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Previous Close
C$0.0050
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Day High
C$0.0050
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Day Low
C$0.0050
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52 Week High
05/23/12 - C$0.02
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52 Week Low
07/20/12 - C$0.0050
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Market Cap
306.6K
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Average Volume 10 Days
86.8K
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EPS TTM
--
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Shares Outstanding
61.3M
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EX-Date
--
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P/E TM
--
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Dividend
--
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Dividend Yield
--
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Related News
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Deloro Resources Ltd., a junior oil company, engages in the acquisition, exploration, and development oil and gas resource properties. It holds a 100% interest in the Wilkie property located in Saskatchewan, Canada. The company was formerly known as Rajong Resources Ltd. and changed its name to Deloro Resources Ltd. in August 2005. Deloro Resources Ltd. is based in Vancouver, Canada.
deloro resources ltd (DLL) Key Developments
Deloro Resources Ltd., Annual General Meeting, Mar 26, 2013., at 10:00 Pacific Daylight. Location: 313-515 W Pender St.. Agenda: To receive and consider the financial statements of the company, together with the auditor's report thereon, for the fiscal year ended June 30, 2012; to elect directors to hold office until the next annual general meeting; to appoint Dale Matheson Carr-Hilton Labonte LLP and authorize the directors to fix the auditor's remuneration; to consider and, if thought fit, to pass a resolution approving and ratifying the company's stock option plan pursuant to which the directors may authorize the issuance of options to directors, officers, employees, and consultants of the company to a maximum of 10% of the issued and outstanding common shares at the time of grant; and to transact such other business as may properly come before the Meeting or any adjournments thereof.
Deloro Resources Ltd. announced receipt of a final interpretation report of a 3D seismic survey of the Wilkie Heavy Oil Project, in west-central Saskatchewan. The survey was commissioned by the Company and its partner Electro-Petroleum Inc. and completed in the spring of 2012 by RPS Boyd Petrosearch. Subsequently, data was processed by Key Seismic Solutions and interpreted by Canadian Discovery Ltd, both of Calgary, Alberta. The intention of the survey was to identify additional drilling locations for deployment of the EPI heavy oil recovery system and to better understand the results of the existing three wells. Interpretation identified three prospective drilling locations, based on the presence of thick, continuous, high-porosity reservoir sand above known or interpreted oil/water contacts. The existing wells have been divided into four pools based on variations in oil/water contacts, although seismic interpretation of the sand presence and continuity implies that all pools within the 3D area are connected in some way. Channels are interpreted to be up to 39m thick. Proposed wells call for depths between 600-630m, with 400m horizontal legs. Of the three deviated wells already drilled at the project Deloro lands, the 2010 and 2011 wells appear not to have reached the pools, having been abandoned at the top of the McLaren Channel. The horizontal producing well (known as the pilot well) also appeared to be mostly above the best quality McLaren sand, which explains the limited production.
Deloro Resources Ltd. announced drilling results from the fall program at it's heavy oil project in Wilkie, Saskatchewan. Well Deloro Cathkin HZ 11A2-25-2C16-24-38-20W3M spud August 30, 2011 and drilled to a total vertical depth of 623.52 m. At a vertical depth of 620.5 m, 2.5 meters of oil saturated McLaren sand was encountered overlying water laden sands. This intersection was significantly smaller than predicted and the hole was terminated with rig released on September 12, 2011. As such, the company is in the process of evaluating the merits of shooting a seismic program over its holdings in Wilkie as a prelude to further drilling.
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Industry Analysis
DLL
Industry Average
| Valuation | DLL | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 1.1x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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To contact DELORO RESOURCES LTD, please visit www.deloro.ca. Company data is provided by Capital IQ. Please use this form to report any data issues.
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