Deep Well Oil and Gas (fka DWOG)

[wshaw14]

It is costing DWOG next to if not nothing to sit there and wait. If I remember correctly their operating costs (up to $30,000 or $32,000 per month) are covered by the agreement made by the original purchaser of 25% interest in the project,(and this obligation would now be Andora) and they are carried as to the development costs for many more millions of dollars. I think Andora and Pan Orient will be anxious to get back into production since (when you add care and maintenance and the $30,000+ they have to reimburse DWOG) it is costing them a lot of $$ every month to not produce. At todays price of oil (and for the forseeable future) the operation should be very profitable.