BNET Industries
Market Cap:$7.9M
Last Fiscal Year Sales:$1.1M
- Public
- US
Dow Jones Description
Daleco Resources Corporation, a Nevada corporation, with operating offices in West Chester, Pennsylvania, was re-located to Nevada in March 2002, from Delaware where it was incorporated in September 1997. The Company was originally incorporated in Toronto in June 1966 as Westland Copper Mines, Ltd., which was formed to conduct mining activities in Canada. As a result of a series of ownership changes between 1966 and 1974, the Company's name was changed to United Westland Resources Ltd., and domiciled in Vancouver, British Columbia. In September 1976, after acquiring control of some oil and gas properties in the United States, the Company was restructured with a U.S. subsidiary, Westlands Resources Corporation, to conduct oil and gas operations in the United States. The Company continued to expand its oil and gas activities by drilling wells in California, Texas, Louisiana, Ohio and West Virginia. In 1981, the Company participated in the development of the Pina Bete silver mine in the State of Nayarit, Mexico. In November 1981, the Company merged with Reef Resources Corporation, a Canadian company holding certain oil and gas properties operated by Westland Resources. United Westland Resources, Ltd remained the surviving entity and continued to expand oil and gas exploration and development in the United States. In May 1986, United Westlands Resources, Ltd., changed its name to Daleco Resources Corporation. ...
President, Cfo, Coo, Acting Chief Executive Officer
Gary NovinskieContact Information
17 Wilmont Mews, 5th Floor
West Chester, Pennsylvania 19382
6104290181
Peer Companies
NAICS Code Crude Petroleum and Natural Gas Extraction: 211111
News & Analysis
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daleco resources corp. - All News and Analysis
Daleco Resources Corp. announces year end
WAYNE, Pa.--BUSINESS WIRE--Jan. 28, 1997--Daleco Resources Corp. (NASDAQ:DLOV) Tuesday announced its results of operations for its fiscal year 1996 ending Sept. 20, 1996. The company reported gross revenues of $805,259 and a loss of $973,809 or 8 cents per share. Dov Amir, chairman of...
Daleco signed binding Letter of Intent
WAYNE, Pa.--BUSINESS WIRE--Dec. 2, 1996--Daleco Resources Corp. (NASDAQ:DLOV) announced Monday that it has signed a binding Letter of Intent with an undisclosed seller to acquire all of its leasehold interests and operating rights in the Upper Gulf area of Texas. Gary Novinskie, president of Daleco, stated that...
Daleco Resources Corporation Commenced Drilling
VANCOUVER, British Columbia--BUSINESS WIRE--July 16, 1996-- Daleco Resources Corp.(NASDAQ: DLOVF CANADIAN DEALING NETWORK: DLOV ) Daleco Resources Corporation announced today that its wholly owned subsidiary Westlands Resources Corporation has commenced drilling the G.W. Bryan Heirs No. 1 Well, a Lower Hosston Formation test in the Benton Field, Bossier...
Daleco Resources Corp. Commenced Drilling
VANCOUVER, British Columbia--BUSINESS WIRE--July 16, 1996-- Daleco Resources Corp. (NASDAQ: DLOVF CANADIAN DEALING NETWORK: DLOV) announced today that its wholly owned subsidiary Westlands Resources Corporation has commenced drilling the G.W. Bryan Heirs No. 1 Well, a Lower Hosston Formation test in the Benton Field, Bossier Parish, Louisiana, in...
Daleco Resources Signs Letter of Intent
LOS ANGELES, California--BUSINESS WIRE--April 10, 1996--DALECO RESOURCES CORP. (CANADIAN DEALING NETWORK: DLOV NASDAQ: DLOVF) Louis Erlich, Chairman of Daleco Resources Corporation, announced today that Daleco has signed a Letter of Intent which will lead to the infusion of additional capital and the expansion of its natural resources management team. ...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Gary Novinskie | President, Cfo, Coo, Acting Chief Executive Officer |
| David Matz | Vice President, Oil and Gas |
| Richard A Thibault | Daleco's Vice President |
| Richard Blackstone | Controller and Secretary |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Stephan V Benediktson | Chairman of the Board of Directors and Chief Executive Officer |
| Charles T Maxwell | Chairperson |
| William Pipkin | Chairperson |
| Carl A Haessler | Board of Directors |
| David Grady | Board of Directors |
| Dov Amir | Board of Directors |
| Nathan K Trynin | Vice Chairman of the Board of Directors and Executive Vice President |
| Robert E Martin | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Daleco Resources Corp | President, Cfo, Coo, Acting Chief Executive Officer | Current |
| Daleco Resources Corp | President and Cfo | Former |
| Daleco Resources Corp | Officer | Former |
| Amoco Corporation | Former | |
| Case Western Reserve University | M.B.A Degree In Banking and Finance | Former |
| The Pennsylvania State University | B.S. | Former |
| Organization | Position | Status |
|---|---|---|
| Daleco Resources Corp | Chairman of the Board of Directors and Chief Executive Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Daleco Resources Corp | Vice President, Oil and Gas | Current |
| Penn State | Degree In Petroleum and Natural Gas Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Daleco Resources Corp | Daleco's Vice President | Current |
During his 28-year career, Mr. Blackstone has been involved in all financial reporting and cash management aspects of businesses. Prior to joining Daleco in October 2006, Mr. Blackstone served as Vice President and Chifef Financial Officer of Broad Street Financial Company and Broad Street Energy company where he was dirctly inivolved in all investment and operational decisions. From 1986 to 1991, he held various positions with Omni Exploration, Inc., and publicly traded Oil & Gas Concern, concluding his revise with that company holding the position of Vice President, Chief Financial Officer and Director. Mr. Blackstone's board background includes accounting position with companies involved in the insurance, franchise food and coal extraction industries. During Mr. Blackstone's four-year public accounting career he held various positions including that of Senior Accountant with Deloitte & Touche LLP. Mr. Blackstone holds a BBA degree in accounting from Ohio University where he graduated Summa Cum Laude. He is a Certified Public Accountant, licensed in the State of Ohio.
| Organization | Position | Status |
|---|---|---|
| Daleco Resources Corp | Controller and Secretary | Current |
| Ohio University | Bba Degree In Accounting | Former |
| Organization | Position | Status |
|---|---|---|
| American DG Energy Inc. | Senior Energy Analyst, Weeden & Co. | Current |
| Wexford Capital LLC | Current | |
| Daleco Resources Corp | Chairperson | Current |
| Chesapeake Energy Corporation | Director | Current |
| Catrix | Board of Directors | Current |
| Tipperary Corporation | Board of Directors | Current |
| Opec Corp. | Board of Directors | Current |
| American DG Energy Inc. | Board of Directors | Current |
| Daleco Resources Corp | Board of Directors | Current |
| Opec Corp. | Active Member | Current |
| Weeden & Co. LP | Senior Energy Analyst | Former |
| Mobil Oil Corporation | Former | |
| University of Oxford | Ba | Former |
| Princeton University | Former |
| Organization | Position | Status |
|---|---|---|
| Daleco Resources Corp | Chairperson | Current |
| Daleco Resources Corp | Board of Directors | Current |
| Wharton Graduate School of the University of Pennsylvania | Former |
| Organization | Position | Status |
|---|---|---|
| Daleco Resources Corp | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Daleco Resources Corp | Board of Directors | Current |
| The University of New Mexico | J.D. | Former |
| Yale University | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| Daleco Resources Corp | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Daleco Resources Corp | Vice Chairman of the Board of Directors and Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Daleco Resources Corp | Board of Directors | Current |
| Park University | Former |
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