Deep Well Oil and Gas (fka DWOG)

[bhumiartha]

Pan Orient Update from june 30, on their website

Sawn Lake SAGD Demonstration Project (Andora 50% & Operator)

In June 2015, a Canadian patent was granted to a wholly owned subsidiary of Andora for a produced water boiler technology that is designed to meet regulatory water recycle requirements on a per well pair (modular) basis that would facilitate scaled development at Sawn Lake. Andora is owned 71.8% by Pan Orient.

The demonstration well pair is still in its ramp-up phase and the steam chamber has not yet reached the top of the Bluesky reservoir cap rock. For the period from June 1st to 22nd bitumen production averaged 391 BOPD with a Steam-Oil Ratio ("SOR") of 4.4. May 2015 bitumen production averaged 388 BOPD with an SOR of 4.3 (all production numbers are on a 100% basis). Production performance is exceeding the "Best" case estimate used by Sproule in the December 31, 2014 contingent resource evaluation of 345 BOPD with an SOR of 4.0. Sproule "High" case is 449 BOPD with an SOR of 3.1.