DEEP WELL OIL & GAS

Deep Well Oil & Gas, Inc. along with its subsidiaries, is an emerging independent junior oil and gas exploration and development company headquartered in Edmonton, Alberta, Canada. Their immediate corporate focus is to develop the existing land base that they presently control. Deep Well Oil & Gas, Inc. through its wholly owned subsidiaries, Northern Alberta Oil Ltd. and Deep Well Oil & Gas (Alberta) Ltd., has a 90% working interest in 51 sections on six oil sands leases, an 100% working inte... rest in 5 sections on one oil sands lease, and a 25% working interest (post farmout) in an additional 12 sections on two oil sands leases in the Peace River oil sands area of Alberta, all of these sections are contiguous. These nine oil sands leases cover 43,015 gross acres (17,408 gross hectares) of land. Of the 68 contiguous sections on nine oil sands leases they are the operator on 56 sections on seven leases where they have working interest ranging from 90% to 100%. Their business plan is closely focused to take advantage of this large block of land situated over much of the Sawn Lake Oil Sands deposit. They plan to add corporate asset value through the drilling and production of the Bluesky Formation.More