Private company

Discovery Oil & Gas Inc.

Discovery Oil & Gas Inc. is an American oil and gas field exploration services company based in Houston.1

Last updated Oct 20, 2026.

Overview

-$2.3MNet income, fiscal 20222
  • IndustryOil & Gas Field Exploration Services1
  • HeadquartersHouston, Texas1
  • Incorporated inNV3
  • Business addressOne Riverway Drive, Suite 1700, Houston, Tx 770563
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income45672-$1.2M in 2022−69% since 2017
-$4.0M-$3.0M-$2.0M-$1.0M02017: -$3.8M-$3.8M20172018: -$1.4M-$1.4M2018−63%2019: -$1.5M-$1.5M2019+7%2020: -$3.7M-$3.7M2020+142%2021: -$3.8M-$3.8M2021+3%2022: -$1.2M-$1.2M2022−68%
Net income845672-$2.3M in 2022+411% since 2015
-$10.0M-$7.5M-$5.0M-$2.5M02015: -$457.2K-$457.2K20152016: -$284.3K-$284.3K2016−38%2017: -$7.8M-$7.8M2017+2642%2018: -$9.2M-$9.2M2018+18%2019: -$3.8M-$3.8M2019−59%2020: -$5.9M-$5.9M2020+56%2021: -$6.1M-$6.1M2021+3%2022: -$2.3M-$2.3M2022−62%
Fiscal year20152016201720182019202020212022
Operating expenses$1.2M2
Operating income-$3.8M4-$1.4M5-$1.5M6-$3.7M7-$3.8M2-$1.2M2
Interest$20.2K10$21.5K8$6.0M4$2.2M5$2.3M6$2.2M7$2.3M2$1.2M2
Income tax$011$08$08
Net income-$457.2K8-$284.3K8-$7.8M4-$9.2M5-$3.8M6-$5.9M7-$6.1M2-$2.3M2
Earnings per share-$0.042-$0.022
Shares (weighted, basic)154.4M shares2

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What it owns

What Discovery Oil & Gas Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$5.2K2 Feb 28, 2022$9.8K2 Feb 28, 2021−46.2%

Leadership

Who has led Discovery Oil & Gas Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Keith J. McKenzie2012–2023
  2. William E. Begley2012

Chair

  1. Keith D. Spickelmier2015–2019

President

  1. Michael D. Dahlke2012–2017
  2. William E. Begley2019–2020

Chief financial officer

  1. William E. Begley2012–2020

Chief operating officer

  1. Michael D. Dahlke2012–2017
  2. William E. Begley2019
2010201520202025
Board members and other officers (5)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Mr. Pierce ceased to be a promoter of the company on May 7, 2012Richard B Pierce named Feb 10, 202622

Former names

  • Discovery Energy Corp.May 11, 2012 to Oct 15, 20243
  • Santos Resource Corp.Jul 14, 2008 to Apr 23, 20123

Timeline

  1. Nov 1, 2012New chief executive William E. Begley becomes CEO13
  2. Jan 23, 2012New chief executive Keith J. McKenzie becomes CEO12

Filings

17 filings to the SEC since October 2021: 1 annual reports, 2 quarterly reports, 3 insider forms, 6 private raises, 5 other. The latest 17:

  1. Feb 10, 2026D/A EDGAR
  2. Feb 4, 2025D/A EDGAR
  3. Oct 15, 2024REVOKED EDGAR
  4. Feb 9, 2024D/A EDGAR
  5. Dec 4, 20234 PRIMARY DOCUMENT EDGAR
  6. Dec 1, 20234 PRIMARY DOCUMENT EDGAR
  7. Mar 28, 2023D EDGAR
  8. Feb 9, 2023D/A EDGAR
  9. Dec 6, 202210-K EDGAR
  10. Oct 14, 2022NT 10-Q EDGAR
  11. Jul 14, 2022NT 10-Q EDGAR
  12. May 31, 2022NT 10-K EDGAR
  13. May 10, 20224 PRIMARY DOCUMENT EDGAR
  14. Feb 8, 2022D/A EDGAR
  15. Jan 20, 202210-Q EDGAR
  16. Jan 14, 2022NT 10-Q EDGAR
  17. Oct 15, 202110-Q EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

3 open-market trades by officers, directors and large owners since October 2021: 0 buys and 3 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 4, 2023McKenzie Keith JCEOSale2,045,000$0.03$61.4KForm 4
Dec 1, 2023McKenzie Keith JCEOSale5,300,000Form 4
May 9, 2022McKenzie Keith JCEOSale700,000$0.05$33.0KForm 4

From Forms 4 filed with the SEC.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Mar 21, 2023Raised $20,000 in a private offering of equity Form D: $250,000 offered in all Form D
  2. May 27, 2016Raised $8 million in a private offering of debt Form D: $23 million offered in all Form D

SEC filer profile

How Discovery Oil & Gas Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDiscovery Oil & Gas Inc.1
  • CIK0001435387
  • Employer ID (EIN)98-05078461
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inNevada1
  • Fiscal year endsFebruary 281
  • Industry code (SIC)1382 Oil & Gas Field Exploration Services1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business addressOne Riverway Drive, Suite 1700, Houston, TX 770561
  • Phone(713) 840-64951
  • Shares outstanding154,365,396 as of Nov 30, 20222
  • Public float$7.7M as of Aug 31, 20212
  • On EDGAR sinceJul 14, 20081
  • Filings247 in all: 8-K (68), 10-Q (40), NT 10-Q (23), 4 (22), 10-K (14), D (13), D/A (11), NT 10-K (9)1
    All 28 form types

    3 (8), SC 13D/A (7), SC 13D (6), 4/A (4), 10-K/A (2), 10-Q/A (2), 8-K/A (2), DEF 14A (2), PRE 14A (2), UPLOAD (2), 424B1 (1), 5 (1), 8-A12G (1), CORRESP (1), EFFECT (1), REVOKED (1), S-1 (1), S-1/A (1), S-8 (1), SC 14F1 (1)

  • Latest filingsAnnual report (10-K) Dec 6, 2022
    Quarterly report (10-Q) Jan 20, 2022
    Proxy statement (DEF 14A) Sep 23, 2019
    Latest 8-K (8-K) Feb 10, 2021

Sources

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