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Deep Well Increases Production at Sawn Lake

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Deep Well Increases Production at Sawn Lake

Deep Well Oil & Gas, Inc. has announced the following operations update on its joint Steam Assisted Gravity Drainage project located in Sawn Lake, Alberta.

The SAGD well pair was drilled to a vertical depth of approximately 650 meters with a horizontal length of 780 meters each. Steam injection began in May 2014 and circulated for up to four months with production commencing in mid-September 2014. The start of our bitumen sales averaged 221 barrels per day, half way through the 3rd thirty day period since the start-up of production.

The production has since increased significantly. For the month of March 2015, bitumen sales averaged 319 barrels per day, with a Steam Oil Ratio (SOR) of 5.4. In the last 16 days of March, the production averaged 350 barrels per day with an SOR of 4.9. A…

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