Deep Well Oil and Gas (fka DWOG)

[wshaw14]

Good to see you back on the board. I was concerned about your well being.

It is anticipated that the pilot project will be th
e core of Deep Well’s first commercial scale
production from Sawn Lake. For the pilot phase, the
average operating cost over the life
of the project is estimated to be about $22.00 Cdn
per barrel.

http://deepwelloil.com/news_rel/DWOG%20PR%202012-01-11%20Deep%20Well%20Project%20is%20commercially%20viable.pdf

While that $22.00 may not be totally accurate, there is a uge difference between 22.00 and 45.00 and keep in mind a lot of our costs on the SAGD is covered.