Deep Well Oil and Gas (fka DWOG)

[wshaw14]

How many barely trading penny stocks have this deal?
http://deepwelloil.com/news_rel/DWOG%20PR%202014-04-22%20Operations%20Update%20Final.pdf
Farmee has paid all required cash calls relating to the authority of expenditures ("AFEs") for the first phase of the SAGD project as required by the farmout agreement. Under this farmout agreement the Farmee agreed to provide up to USD $40 million in funding for the various first phases of the SAGD project, in return for a net 25 per cent working interest in 12 sections of where Deep Well has working interests of 50 per cent. The Farmee will also provide monthly funding to cover operating expenses of Deep Well.

https://finance.yahoo.com/news/deep-well-operations-120000198.html
The Farmee has paid all required cash calls relating to the authority of expenditures ("AFEs") for the first phase of the SAGD project as required by the farmout agreement. Under this farmout agreement the Farmee agreed to provide up to USD $40 million in funding for the various first phases of the SAGD project, in return for a net 25 per cent working interest in 12 sections of where Deep Well has working interests of 50 per cent. The Farmee will also provide monthly funding to cover operating expenses of Deep Well.