16 Apr 2012quarterly activities report▼ Bad
Dominovas Energy Corp reported a quarterly net loss of $5 thousand for the period ended 2012-05-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
13 Jan 2012quarterly activities report▼ Bad
Dominovas Energy Corp reported a quarterly net loss of $12 thousand for the period ended 2011-11-30.
14 Jan 2011quarterly activities report▼ Bad
Dominovas Energy Corp reported a quarterly net loss of $3 thousand for the period ended 2010-11-30.
29 Nov 2010late filing notice▼ Bad
Dominovas Energy Corp notified the SEC that its annual report would be filed late.
14 Apr 2010late filing notice▼ Bad
Dominovas Energy Corp notified the SEC that its quarterly report would be filed late.
9 Mar 2010substantial holder notice● Neutral
Monaco Capital Inc disclosed a new substantial Dominovas Energy Corp shareholding (51.50% of votes).
9 Mar 2010director interest notice● Neutral
Monaco Capital INC. became a Dominovas Energy Corp 10%+ owner and company insider (initial ownership filing).
22 Feb 2010capital raising announcement● NeutralMajor
On February 16, 2010 the company issued 100,000 shares to Monaco Capital Inc., a Belize company, at $0.0015 per share. The filing states this gives Monaco 52% of the outstanding stock, reported as a change in control, and that the company intends to seek further financing from Monaco. The tiny share count and price are consistent with the 1-for-1,000 reverse split mentioned later in a 2012 filing, which dates it to February 3, 2010. The principal office is now in Belize City.
29 Dec 2009debt financing▼ BadMajor
On December 22, 2009 the company borrowed US$60,000 from BRL Consulting Inc. and Gladys Jenks at 11% a year, compounded monthly and payable on demand. The loan is secured by an assignment of all of the company's assets. The filing also shows a new principal office in Reno, Nevada and Peter Jenks signing as President and CEO. Because the loan is repayable on demand and secured over everything, lenders rank ahead of shareholders if the company cannot repay.
29 Dec 2009director interest notice● Neutral
Jenks Peter Donald became a Dominovas Energy Corp director and company insider (initial ownership filing).
30 Nov 2009late filing notice▼ Bad
Dominovas Energy Corp notified the SEC that its annual report would be filed late.
15 July 2009late filing notice▼ Bad
Dominovas Energy Corp notified the SEC that its quarterly report would be filed late.
15 Apr 2009late filing notice▼ Bad
Dominovas Energy Corp notified the SEC that its quarterly report would be filed late.
14 Jan 2009late filing notice▼ Bad
Dominovas Energy Corp notified the SEC that its quarterly report would be filed late.
1 Dec 2008late filing notice▼ Bad
Dominovas Energy Corp notified the SEC that its annual report would be filed late.
10 Nov 2008material agreement● Neutral
On November 3, 2008 the company agreed with East Dickinson Oil and Gas Co. to acquire 10 State of North Dakota exploration leases around Dickinson, and it has also acquired one State lease from Stark County Oil & Gas Co. of around 750 net acres, to be added on assignment. Royalty to the State is 1/8 on all but two leases, which carry 1/6. On November 7 it gave notice to end its monthly Williston office to reduce operating and overhead expenses, and it will use its London office as its principal executive office.
8 May 2008material agreement● NeutralMajor
On May 6, 2008 the company agreed with Infinity Energy Investments Limited that Infinity may advance up to $15,000,000, in multiples of $250,000, in return for units. Each unit is one share plus a three-year warrant at 150% of the unit price, with the unit price set at 80% of the 10-day average closing price. The funds are for prospect and lease acquisitions, drilling, buying existing production and working capital. As with the earlier Global Healthcare facility, shareholders could be diluted as advances are drawn. The filing also shows the principal office moved to Williston, North Dakota. The filing does not say whether any amount has been advanced.
22 Apr 2008material agreement● Neutral
On April 17, 2008 the company signed a memorandum of intent to acquire the Rocheford 27-1 Lodgepole Reef Prospect in Stark County, North Dakota from Oil For America for $22,690, to be advanced within seven days subject to a third-party geologist's verification. Oil For America would assign the leases to the company, keeping a 12.5% back-in working interest after payout. The company has no obligation to drill, but loses its rights if it does not drill before the lease expires. This is a small addition to its North Dakota prospects.
15 Apr 2008late filing notice▼ Bad
Dominovas Energy Corp notified the SEC that its quarterly report would be filed late.
4 Feb 2008material agreement● Neutral
On January 24, 2008 the company signed a memorandum of intent with F Cross Resources LLC to acquire a 50% share of its interest in about 60,000 acres of non-producing leases in Valley County, Montana. The company pays the completion and testing costs for State Well 7-16, and F Cross then assigns the 50% interest. The deal is subject to F Cross's farmout agreement with Coastal Petroleum, so it extends the Montana position from the Coastal farmout. It is a memorandum of intent, not a completed transfer.
15 Jan 2008late filing notice▼ Bad
Dominovas Energy Corp notified the SEC that its quarterly report would be filed late.
11 Dec 2007material agreement● Neutral
On December 4, 2007 the company signed a memorandum of intent with Coastal Petroleum to acquire four Lodgepole Reef Prospects in Slope County, North Dakota, for $80,000. $40,000 of that is money already advanced to Coastal under a November 29, 2007 memorandum of understanding. That earlier project was delayed because the filing says government permits will not be given until spring, so the money was redirected to these prospects, and Coastal confirmed this on December 7. The company says it plans to add more prospects in the area and intends to provide a further $40,000 once drilling permits are available. This adds North Dakota acreage to the Montana farmout.
30 Nov 2007late filing notice▼ Bad
Dominovas Energy Corp notified the SEC that its annual report would be filed late.
9 Nov 2007capital raising announcement● Neutral
The company closed another private placement on November 5, 2007: 500,000 units at US$0.40, raising $200,000, to a non-U.S. investor. Each unit has one share and a warrant at US$0.60 until November 5, 2009, the same terms as the October 2007 placement.
16 Oct 2007capital raising announcement● Neutral
Now named Western Standard Energy Corp., the company closed a private placement on October 10, 2007 of 1,100,000 units at US$0.40, raising $440,000. Each unit has one share and a warrant to buy a share at US$0.60 until October 10, 2009. On October 11, 2007 the $384,000 held in escrow was released to Coastal Petroleum under the Montana farmout, which the filing ties to the drilling permit being granted. The unit price is below the US$1.00 placements of 2006-07 and the $0.57 Global draw, so new shares come in at a lower price.
4 Sept 2007material agreement● NeutralMajor
The company, still named Lusora Healthcare Systems, moved into oil and gas. On August 22, 2007 it agreed to take over Power Energy Enterprises SA's rights in a memorandum of intent with Coastal Petroleum, in exchange for 1,000,000 restricted shares. On August 30, 2007 it signed a farmout with Coastal on leases covering about 42,000 acres in Valley County, Montana: it pays $384,000 (held in escrow) for the test well and gets 100% of the working interest before payout and 80% after, and it also paid a $40,000 non-refundable fee. Within 30 days of the test well being completed it can choose to buy a 50% interest in the leases for $1,000,000 in five $200,000 installments. This replaces the wireless elderly-monitoring business in earlier filings; the filing says losses since inception are $1,821,223, there is no revenue, and it warns of going-concern doubt and the need for more funding.
21 June 2007material agreement termination● Neutral
Jeff Kidder ended his employment agreement effective June 19, 2007 and will no longer work for the company in any capacity. He had been hired as Senior Vice-President of Business Development under the March 2007 agreement. The filing gives no reason.
19 June 2007director interest notice● Neutral
Lee Julian became a Dominovas Energy Corp CFO and company insider (initial ownership filing).
8 June 2007director interest notice● Neutral
Gurley Scott became a Dominovas Energy Corp Chief Operating Officer and company insider (initial ownership filing).
25 May 2007capital raising announcement● Neutral
The company drew its first advance under the Global Healthcare Investments agreement: $200,000, for which it issued 352,113 units at a deemed $0.57 each. Each unit has one share and one warrant to buy a share at $0.85 until May 17, 2010. This is the first use of the $3,000,000 facility from April 30, 2007, and the $0.57 price is well below the US$1.00 units sold in earlier placements.