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Deep
Well Oil & Gas, Inc. is an emerging junior oil and
gas exploration and development company headquartered in
Edmonton, Alberta, Canada.
The
Company's immediate corporate focus is to develop the
existing land base that it presently controls. Deep Well
and its subsidiaries have an 80% working interest in 51 contiguous sections of oil sands
development leases and 6.5 sections
of oil sands permits in the Sawn Lake heavy oil area in
North Central Alberta. Deep Well has retained an
additional 40% working interest in another 12 sections
of oil sands development leases of
which Signet Energy Inc. (Signet was subsequently
acquired by Andora Energy Corporation) has earned 40% from Deep Well.
The leases and permits cover 43,964 acres.
The
Company's business plan is closely focused to take
advantage of this large block of land situated over much
of the Sawn Lake Oil Sands deposit. The Company plans to
add corporate asset value through the drilling and
production of the Bluesky Formation.
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