DMEC Domestic Energy Corp. featured news, full reports, and detailed charts
Domestic Energy Corp. (DMEC/DMEC.PK) Wrap Up:
Domestic Energy Corp. operates as an independent oil and gas exploration and development company. It holds working interests and operating rights to approximately 90 wells in the Chattanooga Shale in Tennessee. The company was formerly known as Homeland Security Group International, Inc. and changed its name to Domestic Energy Corp. in March 2008. Domestic Energy Corp. is based in San Diego, California.Domestic Energy Corp. (DMEC:OTC)
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Key developments for Domestic Energy Corp. (DMEC)
Domestic Energy Corp. announced that it has identified five of its oil wells it recently acquired in Tennessee to begin deepening, in an attempt to increase its crude oil production. When these wells were drilled in the 1980s, the drillers just barely drilled into the Ft. Payne limestone, the producing zone.
Domestic Energy Corp. announced that it has acquired the working interest and operating rights to more than 90 wells in Tennessee with Chattanooga Shale potential. The Chattanooga Shale, like the Barnett Shale in Texas and the Marcellus shale in Pennsylvania and New York has been overlooked until just recently, when new stimulation techniques have opened the door to development of this source of natural gas.
Effective April 07,2008,Homeland Security Group International Inc. will change its name to Domestic Energy Corp.
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Industry Analysis
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| Price/Earnings | -- | Not Meaningful |
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| Price/Book | 2.9x |
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DMEC transactions
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Merger/Acquisition
October 10, 2009 |
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