Well Oil & Gas, Inc. along with its subsidiaries,
is an emerging independent junior oil and
gas exploration and development company headquartered
Edmonton, Alberta, Canada.
immediate corporate focus is to develop the
existing land base that we presently control. Deep
Well Oil & Gas, Inc. through its wholly owned subsidiaries,
Northern Alberta Oil Ltd. and Deep Well Oil & Gas
(Alberta) Ltd., has a 90% working interest in 51 sections
on six oil sands leases, an 80% working interest in
5 sections on one oil sands lease, and a 25% working
interest (post farmout) in an additional 12 sections
on two oil sands leases in the Peace River oil sands
area of Alberta, all of these sections are contiguous.
These nine oil sands leases cover 43,015 gross acres
(17,408 gross hectares) of land. Of the 68 contiguous
sections on nine oil sands leases we are the operator
on 56 sections on seven leases where we have working
interest ranging from 80% to 90%.
plan is closely focused to take
advantage of this large block of land situated over much
of the Sawn Lake Oil Sands deposit. We plan
add corporate asset value through the drilling and
production of the Bluesky Formation.