Wednesday, September 15, 2010

Deep Well Oil & Gas, Inc to Recover Loss from Sawn Lake Project

By Andrea:

Deep Well Oil & Gas, Inc.(DWOG) through its subsidiaries recently filed legal action to recover sums owed by a defaulting party under a Joint Operating Agreement covering past development of the Sawn Lake Project.

The action seeks to recover an indebtedness in the amount of $ 70,584.50 plus interest and the costs of the action from 1132559 Alberta Ltd. which is an Alberta Company whose
President is William Tighe. This lawsuit is in addition to an earlier action filed to recover $ 74,470.71 also plus interest and costs of the action regarding other expenditures on Alberta Ltd.’s behalf.

Deep Well continues to await clearance from the Energy Resources Conservation
Board for its first Test Well Project and is in the process of assembling the necessary
resources to proceed with the Project.

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