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re DWOG very promising...keep up the good work thank you again
Looks like Canasia is buying out the rest of Andora Energy. Andora owes them a bunch of money already, so not paying much per share unless you count the debt forgiveness. I dont think they would be buying though if the did not have near term plans. Below is a link the the information.
https://canasiacorp.com/mar-1-2023-press-release/
BIG thank you ...as I have said many times you are invaluable to this board
i still feel management has abrogated it's obligation to shareholders by not
keeping filings current and not at least answering the phone ...by the way who
exactly is Karen Tuppert and why does one get her canned message when one
calls DWOG's stated phone number ????...Thank you again for all you do for this
board....if not for you i would have to rely on Mick and his messages haven't changed
in five years ( L.O.L )
I found this on the internet. Gives a little light on plans. Canasia now owns approx 66%% of the pilot -project so one can divide their numbers by 2.64 to gage approximate figures for DWOG.
One also needs to keep in mind that the demonstration project only covers a miniscual part of Dwog properties.
https://stockhouse.com/news/press-releases/2023/02/27/canasia-announces-december-31-2022-contingent-bitumen-resources-for-sawn-lake
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thank you for your response i disagree with many of your points ..especially that
filing reports would have made no difference in the eventual price of the stock ..even if true
shareholders were owed (I,M,H,O, ) an obligation to have timely financial information reported to them and the filing of such information would have prevented the stock from going to the expert market and trading at the lowest possible price ..after all what else did management have to do besides filing timely financial reports ?? it's not like they had an assembly line in
a factory to supervise ...also WHY DONT THEY ANSWER THEIR PHONE ????
BUT if they had kept reports current i wouldn't have been able to buy hundreds of thousands of shares for just about nothing ...so maybe their dereliction will benefit me in the long run
look forward to further communication and please continue to keep the board informed much respect and all my best ...we can disagree in an honorable and civil way and remain compatriots in believing in the ultimate value of DWOG
1. Management is still in place
2.Reports would have made no difference in share price
3. I cant give out personal information, but I do have another e-mail to contact Horst that I found years ago through research on the internet. It is another business he is involved in.
I just sent an e-mail to horst, but understand he is an honorable man and will not disclose any insider info.
I still believe the company to be a valid investment (and at a steal) but that is JMHO
Good to hear from you BUT there are many issues that really bother me
1- management, if they are even still there , is ancient and in my opinion , are
probably totally incapable of protecting shareholder interests
2- even though the company is getting reimbursed for ordinary operating expenses
the company has not filed required S.E.C financial reports for almost 1 1/2 years
causing the stock to decline to a price that is totally inconsistent with the stated
value of the company
3- the company has no phone number only a voice mail that mentions a woman's
name and NEVER responds to requests for a call back the message is from a woman
named Karen Tuppert ...i think !!!!!
so i will continue to accumulate shares at just about 0 and when i get to my goal
of two million shares i will launch a campaign to bring in management that will
proactively protect shareholder interests
i will look forward to your response ...thank you
I agree. The oil is still there and the extraction process has been tested and proven. The company that has controlling interest in the property has stated plans to re-start. IMHO it is only a matter of time.
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according to their latest filings the properties are still in place and ownership is
still continuing....but when you can buy a million shares for 100 dollars ( the cost of dinner at a
mediocre restaurant ) i dont really stay up a night worrying about it L.O.L
thank you for your response ...AND are you still able to communicate with them ???
when you call the phone number given on their filings you hear a recorded greeting
by some woman who does not even reference the name of the company ...when i build my position to where it is worth my time i intend to try to establish communications with the
stated board members to ascertain their oversight of current management and their intentions
or lack thereof to bring some more proactive and younger people into management ...
in the meantime i will wait and hope to see current management catch up on filings and move the company forward.....thank you again your thoughts are very much appreciated and respected
Management is still in place.
I'm more interested to know what ownership interests in Sawn Lake DWOG actually owns at this point?
Are we sure DWOG retains any legal title ?
futr
P.S. if you can no longer talk to him on the phone you can at least buy his autograph
https://www.ebay.com/itm/155239483708
look forward to your response p.s. i own about 500.000 shares at a cost of
about 250 dollars and have made about10,000 in profits in DWOG over the years so
this is not an urgent matter for me but it is fun
Mr, Shaw one question is ANYONE currently running this company ???
management was old 10 years ago...who is in charge to promote and protect shareholder
interests and to insure that any revenues resulting from the restarting of the project that the company is entitled to via their property interests will actually flow through to the company ???? you used to talk to management ...are you sill able to communicate with them ?
thank you for your response
11/10/2022 https://canasiacorp.com/november-press-release-and-finanical-results/
"The remainder of 2022 will be focused on the long lead time items required for the re-start of production at the Sawn Lake heavy oil project and corporate activities related to Sawn Lake. As we approach year-end 2022, the necessary steps required to optimize the ownership and re-start of the Sawn Lake heavy oil asset will be the focus of the Company."
Missing Financial Statements.
No News.
Price: .001
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"After this conversion, CanAsia holds 211.3 million of Andora common shares, or 88.2% of the total 239.5 million Andora common shares outstanding"
"Further updates with regards to the restart of the Andora Sawn Lake SAGD well pair will be provided in due course."
https://finance.yahoo.com/news/canasia-energy-corp-increase-andora-133000348.html
CANASIA ENERGY CORP. - INCREASE IN ANDORA OWNERSHIP
https://finance.yahoo.com/news/canasia-energy-corp-increase-andora-133000348.html
I think we will be getting some news in the next month or so.
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Really? Each is entitled to their own opinion. "If there was hope of a recovery, the DWOG share price would reflect this… but it hasn’t…" While it has not recovered yet, there has been no news out on this issue by DWOG. I found that news by doing DD.
The last time I made a bundle on this position It had not performed in years and I bought in at .05 and held for about 2 years and out of the blue I got a .07 divi and my shares went to .48. I dont need anybody telling me that it has not preformed so it never will. Thanks for your opinion though.
Interesting… Though, considering DWOG share price hasn’t budged with the news… and, filings still out of date… and 89 year old CEO…. I think any hope of recovery in share price of DWOG is highly unlikely…
If there was hope of a recovery, the DWOG share price would reflect this… but it hasn’t…
Sorry I neglected to post a link in the last post. So her it is. https://menafn.com/1104841330/Oil-Gas-Spinout-Co-Is-A-Good-Buying-Opportunity-Analyst-Says
You might want to take another look at DWOG. I have a link to the rest on the board.
" At Sawn Lake, CanAsia plans to restart steam-assisted gravity drainage (SAGD) production, previously proven by Andora to be viable in the Bluesky Formation there, relayed Newman. As for the associated timeline, in Q1/23, CanAsia will start refurbishing the Sawn Lake facility. In Q2/23, the energy firm will restart the existing SAGD well pair, and in late Q4/23, drill a second SAGD well pair."
I have a feeling we will be hearing a lot more about the project soon. JMHO
Take a look at the following. At Sawn Lake, CanAsia plans to restart steam-assisted gravity drainage (SAGD) production, previously proven by Andora to be viable in the Bluesky Formation there, relayed Newman. As for the associated timeline, in Q1/23, CanAsia will start refurbishing the Sawn Lake facility. In Q2/23, the energy firm will restart the existing SAGD well pair, and in late Q4/23, drill a second SAGD well pair.
Keep in mind, this will all be at no expense to DWOG.because they are carried for many more millions of dollars.
I find the following very interesting.
https://menafn.com/1104841330/Oil-Gas-Spinout-Co-Is-A-Good-Buying-Opportunity-Analyst-Says.
"At Sawn Lake, CanAsia plans to restart steam-assisted gravity drainage (SAGD) production, previously proven by Andora to be viable in the Bluesky Formation there, relayed Newman. As for the associated timeline, in Q1/23, CanAsia will start refurbishing the Sawn Lake facility. In Q2/23, the energy firm will restart the existing SAGD well pair, and in late Q4/23, drill a second SAGD well pair." Along with some other interesting things.
I think we will be hearing some news soon. JMHO
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It is costing DWOG next to if not nothing to sit there and wait. If I remember correctly their operating costs (up to $30,000 or $32,000 per month) are covered by the agreement made by the original purchaser of 25% interest in the project,(and this obligation would now be Andora) and they are carried as to the development costs for many more millions of dollars. I think Andora and Pan Orient will be anxious to get back into production since (when you add care and maintenance and the $30,000+ they have to reimburse DWOG) it is costing them a lot of $$ every month to not produce. At todays price of oil (and for the forseeable future) the operation should be very profitable.
Sawn Lake (Operated by Andora Energy Corporation, in which Pan Orient has a 71.8% ownership)
In March 2022, Andora entered into an agreement with a joint venture partner at Sawn Lake whereby Andora acquired certain assets and assumed certain liabilities at Sawn Lake. Through the transaction, Andora increased its working interest in the Sawn Lake joint venture to 75%.
The March 31, 2022 Contingent Bitumen Resources Report ("Resources Report"), a National Instrument 51-101 compliant resources evaluation for Andora's oil sands interests at Sawn Lake Alberta based on exploitation using Steam Assisted Gravity Drainage ("SAGD") as evaluated by Sproule Associates Limited, assigned unrisked "Best Estimate" contingent resources for Andora of 292.0 million barrels of bitumen recoverable (209.6 million barrels net to Pan Orient's 71.8% interest in Andora) and unrisked "Best Estimate" net present value, discounted at 15%, for Andora's interests of $192 million on an after-tax basis ($138 million net to Pan Orient's 71.8% interest in Andora). The Sawn Lake operations are currently suspended and awaiting restart and commercial expansion. Contingent resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations by the application of development projects, but which are not currently considered to be commercially recoverable due to one or more contingencies. The contingent resources volumes estimated in the Resources Report are considered contingent until such time as there are additional delineation wells confirming reservoir quality and continuity, refinement of the commercial development plan, regulatory approval for full field development, corporate commitment to move forward and financing for commercial development. There is uncertainty that it will be commercially viable to produce any portion of the reported contingent resources volumes. Please refer to Pan Orient's press release of June 13, 2022 for additional information.
Western Canada Select reference prices for heavy oil remained strong in the second quarter of 2022. At August 8, 2022, the price for Western Canada Select was Cdn$91.34 per barrel and the forward market for Western Canada Select in 2024 was Cdn$79.13 per barrel. Andora is considering alternatives to restart the existing steam SAGD facility and wellpair at Sawn Lake and move the Sawn Lake project forward with minimum development costs to Andora, including partnership, farmout, sourcing additional funds, partial sale or outright sale, and achieve value for shareholders.
For the first half of 2022, Pan Orient reports total operating expenses of $171 thousand associated with the Sawn Lake suspended SAGD facility and wellpair.
If you look at DWOG, latest 10-K filed last year and go to Legal Proceeding section, you will find that Andora Energy filed complains against Northern Alberta Oil and DWOG. From what I see in the filing, the dispute had not yet been resolved.
I wonder how the restructure will affect these legal proceedings?
I am not understanding your statement (or question)? What "legal proceeding", are you speaking of?
Legal Proceedings -Thoughts about how the legal proceedings against DWOG will pan out after the restructure?
Legal Proceedings -Thoughts about how the legal proceedings against DWOG will pan out after the restructure?
The following IMHO is Pan Orient restructuring in preparation for expansion of the Swan lake test project for commercial production. https://www.panorient.ca/press-release/pan-orient-energy-corp-sale-to-dialog-group-berhad-and-transfer-of-non-thailand-business-to-new-company/
Here is a recent release from Pan Orient about the swan lake project that discusses plans for the JV property. https://ih.advfn.com/stock-market/TSXV/POE/stock-news/88349704/pan-orient-announces-march-31-2022-contingent-bit
I have, but no info. What ever they have cooking would be insider information, but I suspect there is somethong cooking.
have you ever tried to communicate with management again ?
thank you
No, DWOG is pretty much invisible right now. It has been that way before. The valuable assets are still there and it is free for them to remain in business, so they will not go away ( Their operating cost are paid by one of the partners)
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They don't talk about dwog..
Maybe also a takeover for us?
Take a look at my last post. JMHO, but I believe there will be something happening here very soon
Take a look at my last post. JMHO, but I believe there will be something happening here very soon
I find the following very interesting. Dont forget DWOG interest and operating costs are carried. Now company buying the project? This project is a proven low cost producer. It just needs the money behind it to expand already permitted expansion of production. Things could happen very quickly here.https://wwreleases/pan-oriw.newswire.ca/news-ent-energy-corp-sale-to-dialog-group-berhad-and-transfer-of-non-thailand-business-to-new-company-81280html6936.
Left for the Graveyard....
POE.V, Pan Orient Energy got some nice price action and volume this week while DWOG is looking more and more like it is left for dead!
Given various sanctions, I can imagine having, 49% owner of the equity (Youyou) located in Russia, can't help.
In my opinion, this is going to 0!
Oops, it's already at 0! Lol
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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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