Deloro Resources Ltd.
Deloro Resources Ltd. (Deloro) is an oil and gas exploration and development company. The company is involved in producing light crude oil, heavy crude oil and natural gas through its projects in Canada. The company is headquartered at Vancouver in Canada.
Deloro/Electro-Petroleum joint venture is located in the Heavy Oil corridor near the town of Wilkie, Saskatchewan. The Heavy Oil Corridor includes significant resources that are too deep for surface mining and steam assisted gravity drainage (SAGD). It would utilize the Electro-Petroleum (EPI) joint venture to access to the areas that are not addressed by other Heavy Oil recovery processes and have several advantages over competing technologies.The company reported revenues of (Canadian Dollars) CAD 0.18 million during the fiscal year ended June 2008, a decrease of 40.20% from 2007. The operating loss of the company was CAD 0.66 million during the fiscal year 2008, as compared to an operating loss of CAD 0.36 million during 2007. The net loss of the company was CAD 0.65 million during the fiscal year 2008, as compared to a net loss of CAD 0.35 million during 2007.