Dear Moderator
Could you kindly change the information in the corporate profile of Deep Well Oil & Gas, Inc., which appears to have been drawn from a bygone age in the company's history.
Mr. Cyrus Spaulding resigned some years ago, and the Signet farmout referenced in the profile also belongs to prehistory.As announced, there is currently a farmout agreement with a wholly-owned subsidiary of a transnational French energy firm, Maurel et Prom. There are no others.
A more accurate corporate profile, as drawn from the most recent news release, is:
"Deep Well and its Canadian subsidiaries, Northern Alberta Oil Ltd. and Deep Well Oil & Gas
(Alberta) Ltd., have a 90 per cent working interest in 51 square miles of oil sands leases, an 80
per cent working interest in 5 square miles of oil sands leases and, post farmout, a net 25 per cent
working interest in 12 square miles in the Sawn Lake heavy oil area in North Central Alberta. The
leases cover 17,408 gross hectares (43,015 gross acres). All of these lands are contiguous."
