Discovery Energy Corp. engages in the exploration, development, production, and acquisition of oil and natural gas. The company is headquartered in Houston, Texas and currently employs 3 full-time employees. The company went IPO on 2009-07-13. The firm holds 100% interest in the PEL 512, a petroleum exploration license. PEL 512 covers approximately 2,369 square kilometers in the Cooper/Eromanga Basin, which is located in Central Australia and spans the north-eastern region of South Australia and the south-western region of Queensland. The License comprises approximately 584,651 gross acres overlaying portions of the geological system generally referred to as the Cooper and Eromanga basins. The PEL 512 Lycium prospect is a portion of PEL 512 (2,000 Acres), PEL 512 South is a portion of PEL 512 (179,000 acres) and PEL 512 West is a portion of PEL 512, (403,000 acres) and is a westerly portion.