Last $0.05 USD
Change Today 0.00 / 0.00%
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As of 8:10 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

daleco resources corp (DLOV) Snapshot

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11/12/13 - $0.17
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08/12/14 - $0.02
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daleco resources corp (DLOV) Details

Daleco Resources Corporation is engaged in the exploration, development, and production of oil and gas in the United States. As of September 30, 2013, the company owned working interests in 28 wells in Texas and West Virginia. It also has overriding royalty interests in 70 wells in the Deerlick Coalbed Methane Field in Alabama, 2 wells in Pennsylvania, and 1 well in Texas. In addition, the company explores, markets, and sells naturally occurring minerals, as well as markets and sells products and processes utilizing its minerals. The company owns fee title interest, leasehold interests, and federal mining claims containing non-metallic minerals in the states of New Mexico, Texas, and Utah. Daleco Resources Corporation was founded in 1996 and is based in West Chester, Pennsylvania.

4 Employees
Last Reported Date: 02/18/14
Founded in 1996

daleco resources corp (DLOV) Top Compensated Officers

Chief Executive Officer, President, Chief Fin...
Total Annual Compensation: $100.0K
Director, Chairman of Non-Qualified Independe...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

daleco resources corp (DLOV) Key Developments

Daleco Resources Corp. announced delayed 10-Q filing

On 08/15/2014, Daleco Resources Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Daleco Resources Announces Management Changes

Daleco Resources Corp. announced new leadership on their board of directors and a realignment of management. As part of the restructuring, Daleco's larger shareholder, Mr. Grant Lin, the Managing Partner of Far East Investments was named Chairman of the Board of Daleco and Mr. Gary Novinskie, a over 18 year Daleco executive and current President will assume the responsibilities of the Chief Executive Officer. Additionally, Mr. Michael Carter, currently a director, CEO of BizEquity and Managing Director of The Musser Group, will become Vice Chairman of the board. As part of the reorganization, Mr. Michael Parrish will be leaving the company as CEO to pursue other opportunities. The changes, effective April 24, 2014, will fundamentally reorganize the company's business to accelerate growth, improve profitability and strengthen the company's competitive advantages in the natural resource space.

Daleco Resources Corp., Annual General Meeting, Apr 23, 2014

Daleco Resources Corp., Annual General Meeting, Apr 23, 2014., at 10:00 US Eastern Standard Time. Location: the Desmond Hotel. Agenda: To elect eight directors, each for a term that expires in 2015 or until their successors are duly elected and qualified; to hold an advisory vote to approve executive compensation; and to transact such other business as may properly come before the Annual Meeting or any adjournments or postponements of the Annual Meeting.


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