Deep Well provides operations update on its joint projects in Alberta (Scandinavian Oil-Gas Magazine)

Deep Well provides operations update on its joint projects in Alberta

Published Apr 22, 2014

Deep Well Oil & Gas, Inc. is pleased to announce the following operations update on its joint projects located in Sawn Lake, Alberta.

Since entering into a Farmout Agreement in late July of 2013 with MP West Canada SAS (the "Farmee"), a subsidiary beneficially owned 1/3 by Maurel et Prom and 2/3 by MPI Energy, two listed companies based in Paris, France, and after entering into a steam assisted gravity drainage ("SAGD') demonstration project with our joint venture partners we can report that Phase 1 of this project is nearing completion.

Tags: Deep Well Oil & Gas

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