Deep Well Oil and Gas (fka DWOG)

[Timothy Smith]

@WSHAW yes you would basically increase those numbers to reflect the increase of the ownership. If you get updated numbers please post them for reference.

The range I gave for a potential bottom is wide but that is for a couple reasons. For one, the stock has experienced some large gains that we all have enjoyed, but it has been low and nearly dormant for a long time.

Often times legacy shareholders as I call them end up looking to lock in profits once they feel the stock has reached a plateau level. We have already seen this from recent highs but sometimes can set in in the following weeks from a large run up.

The reason I said as high as $.30 is that I do feel with the proper developments being realized that this could very well be a bottom. If it drops significantly lower as in my range that I provided I will buy more to add to my position.

Its just important to realize that finding a new bottom is sometimes a mid term process but can provide opportunities.