Replies to post #7316 on Value Microcaps Free-For-All

[jaybird249]

BAWC: I should clarify that China subsidiary sales doubled- but 94% of BAWC sales were from China in last report:

Three months ended 31 Three months ended 31
March 2006 March 2005
United States 6% 23%
Hong Kong 94% 56%
China - 21%

[arnie70]

Bobwins
Have you seen this company?Listed on the pink sheets has a lot of hype.

Deep Well Oil & Gas, Inc. ( OTC:DWOG) - Tuesday's shares closed down at -4.32% with a price of $1.55. The volume was at 109,448. Deep Well Oil & Gas, Inc. and its subsidiaries ("Deep Well") are pleased to announce that its joint venture partner and operator of the Sawn Lake heavy oil project, Signet Energy Inc., has served an Authority For Expenditure ("AFE") to Deep Well's partners for funds to drill the next three wells, commencing within the next few weeks at the discretion of the operator. The three wells to be drilled are within less than one mile (1.6 km) of the first well already drilled (under production testing).

Deep Well Oil & Gas, Inc. is a Nevada corporation based in Alberta Canada. Deep Well and its subsidiaries Northern Alberta Oil Ltd. and Deep Well Oil & Gas (Alberta) Ltd. have an 80% working interest, subject to a farmout agreement, in 63 contiguous sections of oil sands leases and 6.5 sections of oil sands permits in the Sawn Lake heavy oil area in North Central Alberta. The permits and leases cover 43,964 acres. After Signet Energy drills 10 wells at no cost to Deep Well, they will fully earn their interest in the project. Deep Well will then directly hold 40% of the project. In addition, Deep Well owns approximately 29.5% of Signet's common shares. A previously published independent engineering report estimated that, there are 819.5 million original barrels of oil in place.

For a quote and the latest news on this company, please visit: http://www.stockguru.com/profiles/DWOG.php .