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Deep Well Provides Sawn Lake SAGD Update

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Deep Well Provides Sawn Lake SAGD Update

Deep Well Oil & Gas, Inc. has announced that its joint venture partner as operator of the Steam Assisted Gravity Drainage Demonstration Project has commenced drilling the first of two horizontal wells for its jointly owned SAGD Project.

This well will be drilled to a vertical depth of approximately 650 metres with a horizontal leg of approximate 750 metres targeting the Sawn Lake Bluesky reservoir zone. Once this first horizontal well is drilled it is anticipated that the operator will immediately drill the second horizontal well of the first SAGD well pair for the SAGD Project.

This SAGD Project is on our jointly owned lands located at 7-30-91-12W5 where Deep Well has a 25% working interest (Post Farmout).

The 2013 phase of the SAGD Project consists of the drilling of two horizontal…

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