PDA

View Full Version : Dowg News Just Out

chinaman711
03-30-2006, 10:52 AM
Good luck
BigDawg291
03-30-2006, 10:54 AM
Dude this thing is killing for me and I hope you too. I hope it continues. These last two days and so far today my portfolio has been very good to me. Thanks for the updates.
BigDawg291
03-30-2006, 11:01 AM
Do you think BSKO has any more running to do after yesterday, or should I sell out and get on POGI or CHMD?
madcowdisease
03-30-2006, 11:10 AM
Deep Well Oil & Gas, Inc. and its subsidiaries ("Deep Well") (PINK SHEETS:DWOG - News) is pleased to announce that the company and its joint venture partners have been informed by the operator that the 1-36 well has cold produced at estimated rates of between 150-200 barrels of oil per day.

The joint venture partners were notified by the Operator that the well has produced for an extended number of days. This includes a 48 hour test at estimated oil rates of 150-200 bbls/d based on 72m3, with total fluid rates limited at upper levels by pump capacity. Intermittent water production of up to 65% of total fluid volume was encountered. Water samples are currently being analyzed and logs may be run to assist in the final determination in the source of water.

The joint venture partners are quite confident that the water source may be remedied on future wells and reduced water rates may be achieved in future drilling.

An initial oil sample taken early in the flow test phase has been analyzed by the Operator and the oil was determined to be 10.79% API with 3.1% sulphur and a viscosity of 3800 cp at 25 degrees Celsius. Lab analysis of further oil samples should be available within the next week.

The joint venture partners are very pleased on the success of the initial results of the first well at Sawn Lake 1-36 well confirming cold flow production of the reservoir at commercial rates. The Company looks forward to a successful drilling of the Sawn Lake project - using complete reservoir modeling, integrated seismic and well data to achieve optimum production rates.

Operations at the well site are currently suspended due to the imposition of road restrictions which are anticipated to be lifted in early-May. Upon the lifting of road restrictions, operations are expected to resume including a 3 well drilling program the operator expects to undertake in the summer of 2006. A total of 9 locations are expected to be drilled over the next several quarters.
chinaman711
03-30-2006, 02:16 PM
Boy this DWOG is in heat now at 2.74
laxfrommc
03-30-2006, 02:21 PM
52 week high
madcowdisease
03-30-2006, 02:28 PM
What happened at 2 o'clock to make this thing go crazy?
madcowdisease
03-30-2006, 03:02 PM
Well cman, you nailed this one. I'm staring at it on my screen at $2.95. Up 35% in a week. Very nice.
chinaman711
03-30-2006, 03:07 PM
Look for .37 on POGI tomorrow and 3 .50 coming on dwog imo
madcowdisease
03-30-2006, 03:17 PM
Look for .37 on POGI tomorrow and 3 .50 coming on dwog imo

If these two are moving what are your thoughts on Surge?
soundlanguage
03-30-2006, 03:54 PM
Look for .37 on POGI tomorrow and 3 .50 coming on dwog imo


I'm seeing 3-3.5 within a few also. Long term higher, very nice. This one deserves a Cramer call to secure the bet, ha.
soundlanguage
03-30-2006, 04:01 PM
What happened at 2 o'clock to make this thing go crazy?


Yeah Madcow... wondering the same thing after examining news, reports, other boards, thought this 2.5 then 2.6 was nice, too generous even ... but this popcorn kept poppin'. Markets just beginning to add butter & salt.

Another look at the Bolllinger and I'm ready for 3-3.2 atleast. Hoping but not pigging out that is...
BigDawg291
03-30-2006, 04:36 PM
DWOG is UP 44.5% since I bought it, OH MY!!!
chinaman711
03-31-2006, 09:10 AM
44% not a bad week and pogi up 60% this week. Who said you can't make money in penny stocks. Dwog is in heat and pogi will be chasing it higher imo. The canadian oil sands the place to be in 2006 and 07. Good luck