Deep Well Oil and Gas (fka DWOG)

[bhumiartha]

They're taking it slow and steady.
See page 21 of the presentation below.
They plan to drill the second well pair summer 2015, timeframe third quarter of the year (most likely July) contingent on evaluation of the first well pair.
Since they expect to achieve planned production (commercially viable) of 340 barrels or more by the end of March 2015, they are obviously going to make sure the project will make money, even with oil prices falling more than a third in the last few months.
They might have drilled faster if oil prices stayed high.
With today's low prices they are taking their time.
Since the oil isn't going anywhere, this is a good approach.
http://www.panorient.ca/images/stories/file/financial_reports/Pan_Orient_Presentation_Dec1-2014.pdf