Deep Well Oil and Gas (fka DWOG)

[bhumiartha]

Doubt there's any merger or takeover right now. No one is going to make an offer until project economics are proven. That means minimum one year production from first well pair to establish costs, then drilling at least one more well pair to see if results are similar and what is the break-even point. Drilling should be cheaper this summer because rigs are available. Don't see any M&A potential until mid to late 2016.