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Deep Well Oil and Ga (DWOG)
0.001 ? 0.0 (0.00%)
Volume: 0 @-
Bid Ask Day's Range
0.001 0.001 - - -
DWOG Detailed Quote
I totally agree. T think in the next 60-90 days this is finally going to move again.
More info on Deep Well stake sale,
In March 2022, M&P finalised the sale of its 25% interest in the Sawn Lake project in Alberta to Andora Energy Corporation (“Andora”), which already owned 50% of the asset and is the operator. In consideration for a payment to Andora of $0.5 million, M&P has transferred all of its financial commitments pertaining to Sawn Lake, and particularly those related to site abandonment costs. M&P has also agreed to grant an exclusivity period to discuss the potential direct or indirect acquisition by Andora of M&P’s 19.57% stake in Deep Well oil & Gas, Inc., whose subsidiaries collectively hold a 25% participating interest in the Sawn Lake project.
Although the production pilot conducted between 2014 and 2016 provided encouraging technical results, development of the Sawn Lake project is not part of M&P’s strategy. Firstly, the economics of the project are adversely affected by local crude oil price dynamics, with substantial discounts relative to global crude benchmarks. Secondly, the project’s carbon intensity, particularly greenhouse gas emissions generated by the production of steam required for the oil recovery technique known as “SAGD” (steam-assisted gravity drainage), is incompatible with the Group’s investment criteria.
Maurel & Prom
I am a Pan Orient shareholder and see a deal coming together in the next month or so to get Sawn Lake back up and running. DWOG owns part of this project.
This is from M&P latest earnings release. GLTA
“” In Canada, M&P sold its 25% stake in the Sawn Lake project in March 2022 to its partner Andora, which already owned 50% of the asset and is the operator. M&P decided to exit Canada after concluding that development of the asset would not meet its economic and environmental criteria.””
Deep Well Oil and Ga (DWOG)
0.0005 ? 0.0 (0.00%)
Volume: 0 @-
Bid Ask Day's Range
0.0005 0.0005 - - -
DWOG Detailed Quote
Lol, if it is worthless give it to me. If they decide to sell it they will get a good price. They matched the best SOR in the country and have a lot of oil. I suspect they are in the process of raising money for the expansion and re-start. JMHO
Mr. Schmid is 88 years old. I am not sure how often he is checking email.
At moment, the market is pricing the shares as worthless - 0.0001 with Oil well over $100 barrel.
All of their costs of operation are being paid by their partner, so no reason to hurry. I suspect in due time the property will either be put back into production or sold at a good price. I did not call Horst, I did e-mail him but did not get a reply. I will try again.
Hi Mr, Shaw...any luck in getting Horst to return your call...one
would think the value of their assets has tremendously increased
with crude over or at $100....one would also think that management
has a fiduciary responsibility to shareholders to take some steps to
maximize the value of shareholder assets... thank you for your response.....
Deep Well Oil and Ga (DWOG)
0.0001 ? 0.0 (0.00%)
Volume: 0 @-
Bid Ask Day's Range
0.0001 0.0001 - - -
DWOG Detailed Quote
This is not the first time this has been left for dead. Last time I made a 9 bagger on it. As far as extraction costs, this would be viable at 50.00 a barrel. In the test plant they had an exceptional sor rate. Only one other project in Canada matched it. It will take some time to pay off, but they will either produce or somebody else will pick it up. JMHO
Good news - Bad news.
Good news... the price of oil should make the oil economically viable to extract.
Bad news... the company is affiliated with Russian ownership which is complicated right now.
Good news... the number to investor relations still works.
Bad news.. investor relations doesn't seem to return calls.
Bad news... the stock is trading for par value and there hasn't been a news release in years.
Good news.... despite all the bad news, I think the stock can surge by multiples with just 1 press release stating that they are restarting operations.
I left a message for Horst to see what I can find out.
Deep Well Oil and Ga (DWOG)
0.000001 ? 0.0 (0.00%)
Volume: 0 @-
Bid Ask Day's Range
0.000001 0.000001 - - -
DWOG Detailed Quote
I think we will hear something before too long. I suspect there is something going on behind the scenes. If not, we cant win them all.
Can someone call the ceo of this company and ask what the hell is going on
We have so much valuable land...
I am so disappointed
yes s.e.c. rulings 'Deep Well Oil & Gas (DWOG)'
happened 1999 & 2007-2008
Deep Well Oil and Ga (DWOG)
0.0001 ? 0.0 (0.00%)
Volume: 98,547 @12/29/21 9:33:39 AM EST
Bid Ask Day's Range
0.0001 0.0001 0.0001 - 0.0001
DWOG Detailed Quote
s.e.c.-blame otcbb pinks , pinks wanted more doe re me. can't even claim worthless fer taxes by s.e.c. rulings.
Sell this company asap
Share price at 0.0001 $ what the hell!
Shame on you board members!!!
Deep Well Oil and Ga (DWOG)
0.0005 ? 0.0 (0.00%)
Volume: 0 @-
Bid Ask Day's Range
0.0005 0.0005 - - -
DWOG Detailed Quote
DID $DWOG FILE FER URRENT STATUS ?????
It should definitely be economic. It has one of the lowest an ISOR (steam to oil ratio) of 2.1 One of the lowest in the industry. This should be indicative of low cost of production. This is where they were at before the suspension of production.
$DWOG SEC Filings
FORM TYPE RECEIVED PERIOD END DATE REPORT
10-K 09/27/2021 09/30/2020 PDFRTFHTMLXLS
10-Q 09/27/2021 06/30/2020 PDFRTFHTMLXLS
10-Q 09/27/2021 03/31/2020 PDFRTFHTMLXLS
no i didn't thank you $dwog
re;
You guys must be aware that Pan Orient is selling their interest in thenSawn Lake Sagd operations. They will probably do some sale where DWOG gets involved in the restructure. i own POE and was just lookingnhere for info. At $75 oil this thing must be economic.
You guys must be aware that Pan Orient is selling their interest in thenSawn Lake Sagd operations. They will probably do some sale where DWOG gets involved in the restructure. i own POE and was just lookingnhere for info. At $75 oil this thing must be economic.
Deep Well Oil and Ga (DWOG)
0.0006 ? 0.0 (0.00%)
Volume: 0 @-
Bid Ask Day's Range
0.0006 0.0006 - - -
DWOG Detailed Quote
Unloading 30000 @ .03, any takers?
totally agree... i am happy that at least one other very smart investor is involved... will stay in touch as developments warrant
thank you again , stay safe and be well
As you are aware from looking at EDGAR, they are working at getting current on their filings. This would indicate to me that they have a reason to get current. For this reason I believe something positive in the works. JMHO
is management aware of the changes in the trading status of the
stock and when will they be filing the delinquent financial reports
to bring the filings up to date and restore the market for the
company shares..with the current price of oil this company is worth far in excess of its stated .10/ book value so i am in no hurry to sell but i would very much like the company to restore a normal market for the shares...thank you... be well
Congrats on your buys. I have also accumulated some more.
NEW FILINGS FOR DWOG posted today so obviously the company will
survive and move forward ..even though Mr, Shaw seems to be" missing
in action " the company has answered my questions by its actions
ALSO a big THANK YOU to the total morons who sold me almost 200,000 shares for about 100 dollars...WOW..how can anyone be THAT STUPID and still remember to breathe ...i hope the money along with your welfare check will enable you to get a happy meal at Mc Donalds
What else have they said? Can you give us more details
Because so far we know jack shit
Deep Well Oil and Ga (DWOG)
0.00509 ? 0.00459 (918.00%)
Volume: 1,162 @09/22/21 9:50:25 AM EDT
Bid Ask Day's Range
0.0005 0.0097 0.00509 - 0.00509
DWOG Detailed Quote
thank you for your reply and for all that you have done over the years to benefit fellow shareholders...i have traded this for years caught many swings and have done extremely well ...i recently got back in with a relatively small position ( 150,000 shares ) at an average of about 0.015 and have booked profits far in excess of the cost of my current position over the years ...i have always believed in the huge underlying value of the asset and appreciated that management was shepherding this asset until the company could unlock ultimate value for all shareholders ..my ONLY CONCERN is with the new rules of engagement for maintaining a quoted market that if the company falls too far behind in their filings the stock may no longer have a market ...is management aware of the new S.E.C. rules for maintaining a quoted market and will they act to protect their shareholders ???....thank you again best to you always
A little more patience is required. They have not forgotten shareholders. I have recently spoken with them.
hope your travel was safe and rewarding..i look forward to your response when you have time ...thank you
I will be back in country Saturday or Sunday and will post a reply
Mr Shaw Thank you for all the diligence you have posted on
this board...i ,like you , believe this company has a huge asset that eventually be worth far more than the current market capitalization...in the past you have been able to communicate with management and have shared those communications with this board..question...are you still able to communicate with management and, if so, what is their vision for the future of the company and why have they again become extremely delinquent in their S.E.C filings
thank you again ...a fellow DWOG investor
Deep Well Oil and Ga (DWOG)
0.01395 ? 0.0 (0.00%)
Volume: 0 @-
Bid Ask Day's Range
0.0089 0.025 - - -
DWOG Detailed Quote
DWOG is not even the operator of the project and can not on their own decide to start production. When the partnership decides it is time, they will do so. Fortunately the vast majority (if not all) of DWOG operating expenses are being reimbursed by one of the partners. They have a proven asset, and they will either eventually put it back in production or sell it to someone that will.
Mr. Shaw,
No stress here. My shares were long paid for when they issued the distribution a few years back. However, I get the impression they are sitting on this and milking time while being paid. Oil is up to stay and if you wait to see what it will do, you will never execute the business plan. Just looks suspicious sitting still this long when they could have been pumping.
Deep Well Oil and Ga (DWOG)
0.03 ? 0.0 (0.00%)
Volume: 0 @-
Bid Ask Day's Range
0.0251 0.0382 - - -
DWOG Detailed Quote
This company should start asap with oilproduction
Oilprices will stay at high levels in the coming months/years.
At more than 70 bucks this company should make a profit imho.
Dear boardmembers start your business plan and make your sharehoulders happy. It's a win win situation for all of us. Time is ticking!
An unhappy shareholder that will not sell his shares at this ridiculous low price!
If I were not happy, I would simply sell and relieve the stress. I am not doing so, but anyone is free to.
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For current share price access Yahoo! Finance
Common Shares
Trading Symbol: DWOG
(Deep Well trades on the OTC Marketplace)
Registrar and Transfer Agent
Manhattan Transfer Registrar Co.
3B Sheep Pasture Road
Port Jefferson, New York 11777
U.S.A.
Issued and Outstanding:
230.1 million as of December 31, 2020
Trading - US$ per share
December 31, 2020
52-week High/Low: $0.03 - $0.01
Suite 700
10150 - 100 Street NW
Edmonton, ALB T5J 0P6
Canada
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