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What's New
Deep Well Files Quarterly Report on Form 10-Q for the Period Ending December 31, 2013
 
Deep Well Announces Dismissal of IGM Resources Lawsuit
 
Deep Well Announces Filing of NI 51-101 Report
 
Deep Well Files Annual Report on Form 10-K for the Year Ending September 30, 2013
 
Deep Well Appoints Vice Chairman
 
Deep Well Appoints Experienced Banker and Entrepreneur to its Board of Directors
 
Deep Well SAGD Well Pair Successfully Completed
 
Deep Well Posts IRS Form 8937 Regarding $0.07 Distribution to its Shareholders Payable Sept.20, 2013
 
 
Alberta Energy Regulator Approves Application for HCSS Demonstration Project on Deep Well’s Lands.
 
Deep Well's Canadian Subsidiaries Assigned 2P and 3P Reserves for Pilot Project, Contingent Resources for Majority of Reservoir - March 30, 2012
 
Sawn Lake Map
 

Deep Well Oil & Gas, Inc. is an emerging junior oil and gas exploration and production company

 
 

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 (after Farmout Agreement dated July 31, 2013) 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%.

 

Deep Well's management believes that the Sawn Lake Heavy Oil Project is at the same pre-growth stage experienced by other heavy oil companies prior to a major period of growth. 

Other operators targeting the deeper Slave Point Formation have previously drilled much of the land. Because of the earlier extensive exploration for light oil, Deep Well is able to benefit from data collected by others pertaining to the drilling of more than seventy-five wells that penetrated and partially delineated the heart of the Bluesky Formation heavy oil reservoir.

 

 

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Edmonton - Alberta - Canada