Deep Well Oil and Gas (fka DWOG)

[wshaw14]

Dont count this one out yet. "has averaged 620 BOPD with an ISOR of 2.1 during the first 21days of February"

"Sproule Unconventional Limited
assigned the following values to the demonstration project SAGD well pair as 2016 averages: Low Case of 242 BOPD with an ISOR of 5.7; Best Case of 345 BOPD with an ISOR of 4: High Case of 449 BOPD with an ISOR of 3.1 http://panorientenergy.mwnewsroom.com/getattachment"/a03b9922-d4bb-4f9b-9dff-1ba91bca7582/Pan-Orient-Energy-Corp-Sawn-La-201602231044031001

This beats the (HIGH case production) by 38% and the (High case estimate SOR) by over 32%. The cost production at Best case if I remember correctly was estimated at around $22.00 a barrel. A commercial project with volume it seems will be profitable at much lower prices than first thought.We should hear at the Andora presentation in April what the actual cost of production was on the demonstration project and get a good estimate of the commercial cost of production should be. $17-$18 would not surprise me, but that is only IMHO.