Deep Well Oil & Gas, Inc. has received the completed technical report from DeGolyer & MacNaughton Canada Limited (D&M) to analyzed the two optimum thermal production methods on different sections of Deep Well's Sawn Lake heavy oil reservoir in the Peace River Oil Sands of northwestern Alberta, Canada.

The study looked specifically at the relative merits of using Steam Assisted Gravity Drainage (SAGD) and Horizontal Cyclic Steam Stimulation (HCSS) on specific sections of the Company's reservoir.

While the study found both methods to be commercially viable, the D&M report confirmed its earlier findings that HCSS is more suitable to yield commercially viable production under the "Best" or most likely production case, in most parts of the Sawn Lake reservoir.

Tags: Deep Well Oil & Gas