Deep Well Oil and Gas (fka DWOG)

[bhumiartha]

Things could change next week, if the New Democratic Party wins the Alberta election. They are promising to work with oil companies to figure out what kind of tax breaks and other economic policy measures they can use to promote more upgrading and refining of bitumen in Canada. This could be a big boost for DWOG, which has to truck its demo project oil out for upgrading. If there's more merchant upgraders built as a result of government financial incentives, this is good news for all of us. They plan to do it by reviewing royalty rates, with an eye to reducing the royalties for companies that upgrade and refine in Canada.