Doral Energy Corp (OTC:DRLY) has corrected an accounting anomaly in the 2009 Fiscal Year End Financial Reports pertaining to the Macquarie Bank Limited’s Net Profit Interest. The revision shows a $5.1 million decrease in annual interest expense for the company’s fiscal year ending July 31, 2009. The company has tentatively scheduled the release of its annual report on November 13, 2009.
Best Damn Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Stock Newsletter
Doral Energy Corp is a New Mexico based licensed oil and gas operator. The company acquired 66 producing oil fields and 186 wells in and around Eddy County, New Mexico, on July 29, 2008. With the acquisition of the Eddy County Properties, Dora now holds a 100% working interest and 74.7% average net revenue interest in 55 of 66 leases. The company also holds an average of 84.4% working interest and an average of 67.1% net revenue interest in the remaining 11 leases.
Sign up for the free Best Damn Penny Stocks newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website
About Us
Best Damn Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer
