Discovery Energy Reports Second Quarter Fiscal Year 2020 Results
HOUSTON, TEXAS, October 16, 2019 – Discovery Energy Corp. (OTC Markets: DENR); today reports results for its Second Quarter of fiscal 2020, ended August 31, 2019 (“Three and Six months”).
The FY 2020 Second Quarter Report can be viewed and downloaded by clicking here.
About Discovery Energy
Discovery is focused on exploring and producing oil in Australia’s Cooper Basin. Discovery’s Cooper Basin licenses include interests in PEL 512 which currently comprise 2,366 km2 (584,651 acres) strategically located on the prolific Western Margin of Australia’s Cooper/Eromanga Basins. (www.discoveryenergy.com)
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Discovery Energy Corporation
William Begley, CFO
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Discovery believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release, including Discovery’s ability to successfully execute upon its capital program; to meet financial and operating guidance contained in this news release; to meet the long-term goals identified in this news release; to successfully drill, complete, test and produce the wells identified in this news release; and to successfully plan, secure government approvals, enter into long-term sales contracts, finance, build, and operate the necessary infrastructure at the Company’s project located in the Cooper Basin. See “Risk Factors” in the Company’s 2019 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other public filings and press releases. Discovery undertakes no obligation to publicly update or revise any forward-looking statements.