Deep Well Oil & Gas, Inc.

To view the ownership of the participants in our Sawn Lake Project click on the links below to download the Land Status report from the Alberta Department of Energy for each Oil Sands Lease and our Oil Sands Permit. Please note that currently with the Alberta Department of Energy there is a pending transfer of percentage ownership to transfer half of our 80% working interest in 12 sections of our 69.5 sections in our Sawn Lake Project to 1350826 Alberta Ltd. (1350826 Alberta Ltd. is a private company owned by Andora Energy Corporation) to reflect the sections earned in the now terminated Farmout Agreement dated February 25, 2005, and these 12 sections earned by 1350826 Alberta Ltd. are shown on the map below. As of April 1, 2008 the Alberta Department of Energy reports indicate that we have an 80% ownership in 69.5 sections of our Sawn Lake Project pending the transfer indicated above.

Oil Sands Leases held under our wholly owned subsidiary Northern Alberta Oil Ltd. or Deep Well Oil & Gas (Alberta) Ltd.:

L0870 L0871 L0872 L0365 L0367 L0368 Permit-0812

Plan of Operations to Date

Acquired 3 Peace River Oil Sands Development leases totaling 31 sections of land in North Central Alberta, Canada.
Acquired an additional 3 Peace River Oil Sands Development leases and 1 Oil Sands Permit through the acquisition of Northern Alberta Oil Ltd., totaling 38.5 sections of land in North Central Alberta, Canada.
Raised $2.3 million US in 2005 and 2006 through private offerings of our common stock to eliminate all long term debt and finance operations.
Acquired 7.55 million common shares of Signet Energy Inc.
First three wells drilled at Sawn Lake confirmed net oil pay ranging from 12 to 23 meters thick.
Raised $2 million US in the first half of 2007 through a private offering of our common stock and recently raised an additional $5 million US through a private offering of our common stock. The funds will be used to execute Deep Well's plan of development for Sawn Lake.