Deep Well Oil and Gas (fka DWOG)

[wshaw14]

According to my calculations DWOG can produce oil at approximately $18.00 a barrel + $15-$17 discount to WTI= $34.00. At todays prices of $71.00 WTI that leaves them $37.00. That equates to about $10,800.000 profit at the current price. This money (and borrowing power) can be used to develop the already approved HCSS property to at least quadruple the profits. This in turn can feed other expansions. The company just has to be confident the market is some-what stable.