Deep Well Oil and Gas (fka DWOG)

[bhumiartha]

There will be proof of concept, but I doubt the share price will go up.
The bad guys who were behind the TAMM scam a few years ago (they had to book a $62 million loss on their company after they got caught) still own about 20 million shares. They dump these systematically every time there is a positive development in Deep Well.
They probably issued themselves these treasury shares for nothing when they floated the "bad old" version of the company, so a sale at any price is a big profit for them. As long as that hangover is being manipulated there's no real free market price for DWOG shares.
Reason to buy/hold is the asset value. The oil is real, it will be economically viable at a 375 barrel a day production level, even with the drop in international price. The future looks good, in the short term the share price will be a roller coaster.