Deep Well Oil and Gas (fka DWOG)

[wshaw14]

If you would be so kind as to read the Q completely you would see that they would not have to cover .5 million per quarter. It is more in the range of .3 million, and yes, with the one well they will be able to cover that at a production rate of around 350-375 barrels per day. They should reach that 350 this month and exceed 375 next month based on historical monthly increases. For the current quarter of course they will probably show a small loss, but next quarter they could show a small profit. I do agree however that a one well operation is not going to ever show a large profit. The real value will be unlocked when oil prices increase and more wells are put into production.