Deep Well Oil and Gas (fka DWOG)

[bhumiartha]

Resource extraction is always a patience play, even in "proven" commodities.
The Coalspur mine in Alberta got conditional regulatory approval nearly four years after filing for government permits, and finally look like it's going to start mining this fall.
The heavy oil industry is even more regulated than the coal extraction industry, and the regulatory process can be even longer. This is because all the thermal extraction technologies are fairly new. Go back 20 years, and SAGD was an experimental technology. It is still being refined in its application. DWOG being cautious and releasing facts. There are others out there who report on promotional pumps every week which sound impressive but say little or nothing of real value.