Deep Well Oil & Gas, Inc. has 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.

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.

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