A number of new documents (PDF format) for DYX are available at SEDAR:
sedar.com
Registered shareholders of DYX on the record date (February 25, 2000) should all receive the information by mail soon, if not already, announcing the annual general meeting on March 31, 2000, 2:00pm, downtown Calgary (9th Avenue and 7 Street S.W.).
Voting will be on the regular stuff (Directors, auditors, etc.), as well as the following:
- 5 for 1 consolidation of shares (currently about 20.8M shares outstanding)
- A name change of the corporation to "Dynamix Energy Corp."
Here are highlights from the First Quarter Report (3 months ended December 31, 1999)
- All five Kentucky gas wells (Greasy Creek project) are on steam and monthly revenue payments are being received. Gas prices are remaining firm and revenue is expected to remain at an acceptable level (DYX has a 25% working interest in the project).
- For Fastway Exploration Ltd., seismic season started late due to unseasonably warm fall, but was in full swing in December. Current contracts will provide work until the end of March. Second quarter report should reflect a very satisfactory result.
- DYX still assessing a number of new business opportunities, hopefully to be discussed at annual meeting on March 31, 2000.
- In the Oct/Nov/Dec 1999 months, DYX had $1.3M in revenues, and after costs, made a $90K gain. In comparison, the Oct/Nov/Dec 1998 months yielded a net loss of $149K. Nice turn-around.
Ben |
