DWOG.PK. I found 51m shares OS, a mkt cap of approx UUS$28m
deepwelloil.com
40,000 acres at Sawn Lake, AB.
BVI has 80,000 acres at Seal containing 800m bbls OOIP, mkt cap $1bn
BTE.UN has 100 sections, 64,000 acres in the Seal area, mkt cap $1bn
Their March 8 NR talks about 2.5 million bbls per section, so 250m bbls?
baytex.ab.ca
If DWOG has half of BTE and BVI, maybe they should be worth $500m, or $10/share?
I might buy DWOG before WNWG.
The President owns 5.3% of the company.
international-symposium.com
Dr. Horst A. SCHMID was born in Munich, Germany and emigrated to Canada in 1952. He worked in the gold mines of Yellowknife until 1956, when he came to Edmonton (Alberta) and supplemented his accountants training with courses in business administration, business
psychology and business finance from the University of Toronto. With a partner, he established an export company, exporting manufactured goods and commodities such as sulphur and fertilizer to the Far East. In 1971, Dr. Schmid was elected MLA (Member of the Legislature) of Alberta. He served in the Alberta Government as Minister of Culture, Youth and Recreation, Minister of Government Services, Minister of State for Economic Development, and Minister of International Trade for a total of 15 years. He was the first post-World War II immigrant to be elected MLA in Alberta and appointed to a Cabinet in Canada. For the following 10 years, he was Commissioner General for Trade and Tourism for the Government of Alberta. His success, during Trade Missions from Alberta to many countries in the world, where he was accompanied by Alberta representatives of major corporations, medium and smaller companies, and where he helped in their negotiations with foreign buyers, is legendary. He has been invited as a guest speaker to numerous symposiums on international investments in North America, Europe, Asia and the C.I.S. countries. After retiring from public office, he recommenced his international trade business as President and CEO of Flying Eagle Resources Ltd. He is Chairman of Deep Well Oil & Gas, Inc., Chairman and CEO of Portwest Investments Ltd., Chairman of Aspire Capital Inc., Member of the Advisory Board for the Petroleum Institute of Thailand, Advisor for IBC INTERNATIONAL, Miami, Florida, Member of the Advisory Board of "Project Germany" (for the promotion of investments from Germany in the Capital Region of Edmonton), Executive Officer and/or Director of other Alberta Public and Private Companies. Dr. Schmid has been awarded numerous National and International Honors, including: Hon. Doctor of Laws, (University of Alberta); Honorary Indian Chief Flying Eagle; The Great Canadian Award; The Silver Ribbon (highest) Award of the City of Edmonton; Appointed to the Cultural Hall of Fame of Edmonton; The International Award for Tourism "Golden Helm"; The Commanders Cross of the Order of Merit of the Federal Republic of Germany; The Order of Merit of Bavaria; "Man of the Year" of the Commonwealth Games Foundation; The Blue Ribbon Award of the Western Fairs Association. Dr. Schmid also serves as an honorary director of several foundations in countries such as Canada, China, Thailand, etc.
On June 7, 2005, Deep Well completed its acquisition of 100% of Northern. Deep Well issued 18,208,875 shares to the shareholders of Northern Alberta Oil Ltd. who have tendered their shares under the terms of a Share Exchange Agreement. With this acquisition Deep Well and Northern now have 80% of 63 sections in the Sawn Lake Oils sands region, subject to the Farmout Agreement as stated above. With this acquisition Deep Well now has 51,320,343 shares outstanding.
sism.com
On June 29, 2005 a majority of shareholders of Deep Well elected a new board of directors. The new directors are Dr. Horst A. Schmid, Mr. Cyrus Spaulding and Mr. Donald Jones. Mr. Curtis Sparrow was added as a director on July 1, 2005. Dr. Schmid took over as President of the company and will be Chairman of the Board. Dr. Schmid has a long and distinguished career as Exporter of Alberta Petroleum Industry Products and Equipment as well as 15 years as Cabinet Minister for the government of Alberta and 10 years as Commissioner General for Trade. Mr. Sparrow has been involved in the oil and gas industry in various capacities for over 25 years. He held directorships and senior officer positions with junior exploration and development companies before becoming a self-employed consultant. As a registered professional engineer Mr. Spaulding brings a rich wealth of experience to Deep Well Oil & Gas in forecasting, analysis and projecting hydrocarbon liquids fractionation plants, heavy oil pilot plants and heavy oil commercial plants. Mr. Jones a professional engineer has extensive experience in the fields of broad oil, natural gas and petrochemicals that span the manufacturing and service sectors, as well as engineering and project management in the EPC environment. Mr. Jones has also worked at senior management level for companies with both new and established oil and gas properties. Very importantly for Deep Well, Mr. Jones was Project Manager, including field construction, commissioning, and optimization on past SAGD Pilot Facilities which laid the ground work for commercial scale production and processing of heavy oil.
The new board has had an open dialogue with Surge to review the drilling plans and establish a mutually acceptable time frame to begin drilling. Upon management's review of certain documentation and the professional advice of a Geologist, which Surge has engaged, it was mutually agreed by Deep Well and Surge to immediately analyze the new data to enable Surge to spud the first option well as soon as soon as possible but to grant an extension to the 150 days from the date of the Farmout Agreement in the interest of amicable cooperation.
Deep Well Oil & Gas, Inc. is a Nevada corporation based in Alberta Canada. Deep Well and Northern . have an 80% working interest in 63 contiguous sections of oil sands leases in the Sawn Lake oil sands in North Central Alberta, Canada. Deep Well and Northern have a Farmout Agreement with Surge Global Energy, Inc, whereby Surge has the potential to earn up to 50% of Deep Wells' and Northern' s 80% working interest in the 63 contiguous sections.
This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the Company's proposed oil and gas related business. The Company's business is subject to various risks, which are discussed in the Company's filings with the Securities and Exchange Commission ("SEC"). The Company'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 Company 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. (PINK SHEETS:DWOG - News) |
