Discovery Energy Corp. announced audited consolidated earnings results for the year ended February 28, 2017. For the period, the company reported net loss of $7,794,225 compared to $284,281 a year ago. Net loss per common share - basic and diluted was $0.06 against $0.00 a year ago. Net cash used in operating activities was $4,029,073 against $296,171 a year ago. Cash paid for oil and gas property bond was $38,440.