Deep Well Oil and Gas (fka DWOG)

[extreme22]

We are now officially finished. See ya...

Canasia further announced today that Andora has been selected as the successful bidder to acquire certain assets of Northern Alberta Oil Ltd. (NAOL) and Deep Well Oil & Gas (Alberta) Ltd., including the debtor's 25-per-cent working interest in 11 sections of the Sawn Lake Central block, from Ernst & Young Inc., as receiver and manager of certain of the debtors' present and after-acquired properties, assets and undertakings, for a purchase price equal to $2.0-million (net approximately $1.3-million following receipt of amounts owing from the debtors to Andora).

[extreme22]

"The Sawn Lake heavy oil project, despite a successful pilot in 2015, has been impacted by a number of issues with the project's 25-per-cent joint venture interest holders, who currently owe Canasia approximately $600,000. The company has been successful in a series of recent court rulings related to enforcement actions against the joint venture interest holders. It is anticipated these issues will be resolved by mid-May, 2024, at which time the company will follow a path focused on near-term shareholder value.

[lucky, mydog]

lolol. how about revoked's?

[mick]

pinks no any updates

[lucky, mydog]

we need an update, mick.

[Renee]

DWOG: SEC registration revoked:

https://www.sec.gov/files/litigation/opinions/2024/34-99795.pdf

[mick]

https://www.otcmarkets.com/stock/DWOG

[BobbyMiner]

Latest update. Put a fork in it,

https://www.sec.gov/files/litigation/opinions/2023/34-99002.pdf

[BobbyMiner]

The assets may be there. However, I don’t see any strong evidence that the company still exists. Do you?

[BobbyMiner]

The assets may be there. However, I don’t see any strong evidence that the company even exists. Do you?

[wshaw14]

Why do either at this point? "file the appropriate documents to either keep DWOG in existence or officially end it". The assets are still there and costing the company $0.00 to do nothing.

[trackkwizzard]

https://www.otcmarkets.com/stock/DWOG/overview

[mick]

https://www.otcmarkets.com/stock/DWOG

[BobbyMiner]

If there is an accountable entity that could file the appropriate documents to either keep DWOG in existence or officially end it, it would be Curtis Sparrow, the most recent CFO of DWOG. Curtis is now a director of Regenex Corp. previously known as Mineworx. As CFO of DWOG managing the books and filings, it would have been his duty and responsibility to file the appropriate documents.

[wshaw14]

Still nothing going on with DWOG. I will check back in a month or two.

[BobbyMiner]

Hope is not lost.. A governmnt shutdown can bring the revocation proceedings to a halt on a dime, Malik Youyou can hire someone to complete and file the financials if his assets aren’t frozen, or Jerseyguy can buy your shares for fractions of a penny….

[wshaw14]

Lol, what is the worst that can happen, and if it happens what is to be lost.

[mick]

https://www.otcmarkets.com/stock/DWOG

[extreme22]

Any comments now?

[lucky, mydog]

having the sec initiate revocation proceedings is usually not a good sign.

[Renee]

DWOG: SEC Admin. Proceeding for severely delinquent Financials (Sept. 2020)

https://www.sec.gov/files/litigation/admin/2023/34-98430.pdf

[extreme22]

Obviously what we say here makes no difference. Makes one wonder if you really did talk to the old Horse all those times over the years. Guy is probably in a nursing home at this point. And true why not just sell. Maybe because at this price it wouldn't cover the $9.95 commission.

[wshaw14]

Your opinion is "We are worthless regardless of what couple goofs on this board say. " If this is the case, why waste time here? It is just as worthless to sell. I will hold what I have. The oil is still there and test well has proven very low steam oil ratio. I have seen many companies with proven resources rise from the ashes. I am not saying this one definitely will, but the odds are very good if one has the patience. Trashing the company will make no difference either way.

[BobbyMiner]

Rumor had it jersyeguy was going to buy out the entire company for $100!

[BobbyMiner]

Rumor had it jersyeguy was going to buy out the entire company for $100!

[extreme22]

OUTLOOK
Enforcement actions against Andora’s 25% working interest Sawn Lake partners will continue in the third quarter.
CanAsia will either seek to farmout a portion of Andora’s interest, or outright sale of the asset. The Company plans
to participate in an onshore Thailand bid round that will likely be announced in 2023, possibly in late third quarter.

We are worthless regardless of what couple goofs on this board say.

[mick]

i thought had wells oil & natural gas

[extreme22]

Point of your post? I mean it has been worthless for years now.

[mick]

https://www.otcmarkets.com/stock/DWOG

[mick]

DWOG
Deep Well Oil and Gas (CE)
0.000021
0.00 (0.00%)
Volume:

[wshaw14]

I think we will be hearing something fairly soon.

[mick]

DWOG
Deep Well Oil and Gas (CE)
0.0001
0.00 (0.00%)
Volume:

[wshaw14]

W0W, not a whole lot they can do until the senior partner is ready to. DWOG owns only 25% of the SAGD project. As far as drawing a pay check, who cares, they are being paid by Canasia energy (along with all other Corperate expenses. I am surprised we have not heard anything from CanAasia in a while though. I admire Horst and hope all is well with him, but Curtis Sparrow is capable of running the company if need be. I believe they are doing all they can at this point.

[mick]

DWOG
Deep Well Oil and Gas (CE)
0.0001
0.00 (0.00%)
Volume:

[extreme22]

Can guarantee these guys aren't doing jack. Other then collecting pay for doing squat. Probably subsidizing the nursing home. Hasn't done anything in 10+ years.
Horst is 90 years old.

[jersyeguy]

thank you as always we don't even know if either or both are working at the company or
even still ALIVE ...don't forget their costs are covered ...i assume those costs include
expenses pertaining to filing their required financial reports ...the ongoing delinquency
in their SE.C. reporting is just more of the two ancient relics holding up their senescent
middle fingers to every public shareholder
obviously i dont mind paying one hundred dollars per million shares because as you have
continuously stated the asset is still in place and will always remain so and will eventually
be extracted
but to in any way excuse the actions or lack thereof of these two miscreants who have
deliberately destroyed shareholder current liquidity is totally illogical

[wshaw14]

I have had no reply to my last two messages that I have sent. There is really nothing they could tell me anyway, because anything they have would likely be insider info. The oil is still in the ground and will eventually come out. I believe with Canasia now in the drivers seat it will be relatitively soon. JMHO

[mick]

DWOG
Deep Well Oil and Gas (CE)
0.000001
0.00 (0.00%)
Volume:

[extreme22]

Latest 0.000001

Only 1000 shares so that is 0.001

Not even a penny worth of money. 1/10th of a penny. How does that even happen? Bizarre.

[wshaw14]

And we will sit here basically untradeable at 0.001 until we get some news. There is nothing DWOG management can do. They do not operate the project. It was not their choice, to shut the project down or not. I know, "they could file Qs". This would make absolutely no difference at this point in time. Until we get some news about restarting the project, a sale or funding on the SAGD I see no catalyst. I can wait.

[extreme22]

And yet we sit here basically untradeable at 0.001. Other then a few shares which trade.

[wshaw14]

https://www.marketwatch.com/press-release/oil-sands-market-major-players-anlysis-and-forecast-till-2031-2023-03-28

[mick]

DWOG
Deep Well Oil and Gas (CE)
0.0001
0.00 (0.00%)
Volume:

[jersyeguy]

my broker allows unsolicited buy orders in expert market stocks...many brokers have internal
policies that do not allow such orders...that is their right and it is your right to have an account at where ever you choose....good luck obviously i am happy to be the only buyer and hope to
continue to be and appreciate the indirect help i am getting from other brokers internal policies

[Despot]

So how do you actually buy these shares right now? My broker says I can not initiate a position. I can only sell them.

[jersyeguy]

I think i also spoke to her many years ago...she probably is not returning calls at the instructions
of the two sad way over the hill geriatrics who are allegedly running DWOG ...BUT for
one hundred dollars per million shares i will buy anything and everything forever.. they do
have a huge portfolio of tar sand properties which has the potential to be worth untold multiples of 0.0001...if not i have a seven figure portfolio of bonds some of which are currently yielding over 11% and i have already booked over ten thousand in profits in DWOG going
back a few years ...good luck whatever you decide to do

[BobbyMiner]

Karen Tuppert - She is the investor relations contact for dwog. A couple years ago I spoke to her on a couple occasions after the price of oil moon shot well above $100.

She wasn’t able to answer any of my questions and took my contact info for the CFO to give me a call, which never happened. After 4 attempts, I gave up.

I will be selling my shares by the end of this year for a tax loss, if no change in the situation.

[jersyeguy]

Just noticed the new post as always thank you...i would certainly be willing to pay more than
0.0001 if one could call the company and actually speak to someone and/or if the company were current in their filings and /or if i had more confidence that management was capable
of defending shareholder interests ...but ONE MILLION SHARES for ONE HUNDRED dollars
really isn't a heck of a lot of money.... I'll spend more than that on dinner tonight with no
possibility of any upside other than indigestion be well and please keep the info coming

[wshaw14]

CANASIA ENERGY CORP.
Press Release
Completed Purchase of Andora Minority Shares
CALGARY, MARCH 27, 2023


https://canasiacorp.com/march-27-2023-press-release/

[jersyeguy]

thank you and i bought more today....very hopeful ...please keep us informed
best always