Replies to post #2032 on Deep Well Oil and Gas (fka DWOG)

[wshaw14]

No. The price of oil needs to change. Until that changes, there will be no further expansion and of course one well may pay the bills, but will not make a profit. DWOG is in a very good position to wait out the price environment though. They are fully carried and even have about 2/3 of their overhead covered by the joint venture partner.

Until the price of oil goes back up, we are in a holding pattern and not many "investors" are hip to having their money tied up. The ones that dont mind will be the ones that gain the most IMHO.