Deep Well SAGD Steam Update
28 Mai 2014 - 2:00PM
Marketwired
Deep Well SAGD Steam Update
EDMONTON, ALBERTA--(Marketwired - May 28, 2014) - Deep Well Oil
& Gas, Inc. (and its subsidiaries - "Deep Well" or "Company")
(OTCQB:DWOG) wishes to announce that we have been informed by the
operator that steam is being injected into our pilot project wells
at Sawn Lake. Once steam communication is established between the
two wells, then the oil pumping will commence.
Oil production is anticipated after 3 months of steam injection.
For further information about the SAGD project visit our website at
http://www.deepwelloil.com/op_sagd.htm.
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 contiguous square miles of oil sands leases,
an 80 per cent working interest in 5 contiguous square miles of oil
sands leases and a 25 per cent working interest in 12 contiguous
square miles in the Sawn Lake oil sands area in North Central
Alberta. The leases cover 17,408 gross hectares (43,015 gross
acres) of land.
Deep Well Oil & Gas, Inc. is fully committed to best
practices in Environmental Stewardship to assure sustainable
development of its in-situ heavy oil holdings. Deep Well is a
Nevada corporation based in Edmonton, Canada.
This press release contains forward-looking statements. The
words or phrases "might"," "purported", "claimed", "would be," "to
be," "will allow," "intends to," "will likely result," " expected,"
"will continue," "is anticipated," "potential," "recoverable,"
"estimate," "forecast," "project," "plans," or similar expressions
are intended to identify "forward-looking statements." Actual
results could differ materially from those projected in the
Corporation's proposed oil and gas related business and described
in this press release. The Corporation's business and the
realization of the results contemplated by this press release are
subject to various risks, which are discussed in the Corporation's
filings with the SEC. The Corporation's filings may be accessed at
the SEC's Edgar system at www.sec.gov. Statements made herein are
as of the date of this press release and should not be relied upon
as of any subsequent date. The Corporation cautions readers not to
place reliance on such statements. Unless otherwise required by
applicable law, we do not undertake, and we specifically disclaim
any obligation, to update any forward- looking statements to
reflect occurrences, developments, unanticipated events or
circumstances after the date of such a statement.
Deep Well Oil & Gas, Inc.1 780 409
8144info@deepwelloil.comwww.deepwelloil.com
Deep Well Oil and Gas (CE) (USOTC:DWOG)
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