Research, Report & Profiling Services by IPOdesktop.com Deep Well Oil & Gas, Inc. (DWOG.PK) Stock symbol: DWOG.PK...…………..….…………Common shares (11/15/08: 107mm, est.)

Stock price 3/10/09: $0.15…..………...……………..…………….…………..Float (30mm, est.)

52-week price range: $ 0.13 - 0.72…….……………...…Equity market capitalization: $16mm

Recent News…..Stock Price…..Chart…..SEC Filings

HIGHLIGHTS

Raised $15mm in 2008 for drilling operations

Drilling momentum increases

Oil prices may have bottomed See discussion below

BUSINESS

Emerging junior oil and gas exploration and production company

Raised $15mm in 2008 for drilling operations

Permits & leases cover 47,759 acres.

100% working interest in 6 contiguous sections of a P&NG license, an 80% working interest in 51 contiguous sections of oil sands leases and 6.5 sections of oil sands permits in the Sawn Lake heavy oil area in North Central Alberta.

Also has a 40% working interest in another 12 sections of which Signet Energy Inc. (now known as 1350826 Alberta Ltd. a subsidiary of Andora Energy Corporation) has earned 40% from Deep Well.

Prior data focuses current drilling operations

Other operators targeting the deeper Slave Point Formation have previously drilled much of the land.

Because of the earlier extensive exploration for light oil, Deep Well is able to benefit from data collected by others pertaining to the drilling of more than seventy-five wells that penetrated and partially delineated the heart of the Bluesky Formation heavy oil reservoir.

Business plan

Closely focused to take advantage of 48,000 acres situated over much of the Sawn Lake Oil Sands deposit.

Plans to add corporate asset value through the drilling and production of the Bluesky Formation.

Management believes that the Sawn Lake Heavy Oil Project is at the same pre-growth stage experienced by other heavy oil companies prior to a major period of growth.

DRILLING MOMENTUM INCREASES

Drilling 6th of 7 planned wells, Feb 5, 2009 read more

Completes 1st & spuds 2nd of planned 7 wells of the Sawn Lake Project Dec 18, 2008 [spud: the initial penetration of the ground, the start of the drilling operation] read more

Spuds 1st of planned 7 wells of the Sawn Lake Project, Dec 5, 2008 read more

Receives $5mm from subscription offer, Nov 6, 2008 read more

Secures and additional $10mm in financing, Aug 18, 2008 read more

OIL PRICES MAY HAVE BOTTOMED

March 9, 2008 oil updates

Oil at $50 Looms as OPEC Plans Cut, Keeps to Quota read more

Oil prices near new highs for the year read more

Oil is hovering around $45 a barrel up some 30% read more

Crude Climbs With Focus on OPEC read more

Energy stocks strengthen in Asia as oil prices top $45 read more

March 5-6, 2009 oil updates

Crude May Reach $60 Should OPEC Cut, BlueGold Says read more

Exxon Raises Spending 11% Even as Rivals Reduce Costs read more

[this is good for Canadian oil stocks] US Treasury secretary attacks oil, gas tax breaks read more

Feb 26, 2009 oil updates

Oil Prices: ‘The Floor Has Been Reached’ read more

The peak oil crisis: a turning point? read more

Address: 10150 - 100 Street NW, Edmonton, Alberta T5J 0P6 CANADA Telephone: (780) 409-8144, Fax: 780-409-8146 CEO: Horst A. Schmid, Pres. & CEO Web Site: http://www.deepwelloil.com State or other jurisdiction of incorporation or organization: Nevada Transfer Agent: Manhattan Transfer Registrar Co., Holbrook, NY 11741 Investor contact:: 1 888 - OILSAND (1-888-645-7263)

ALBERTA, CANADA OILSANDS

. With an estimated 175 billion barrels of proven reserves, Alberta's oilsands are the largest reserves of crude outside of the Middle East.

. "Oilsands have become king of the future when it comes to the Canadian oil industry" said Peters & Co. analyst Wilf Gobert in an interview with Bloomberg News. If "oil in place" were considered, the reserves of the oilsands far exceed one trillion barrels.

. Time Magazine described Alberta's oilsands "Canada's greatest buried energy treasure which could satisfy the world's demand for petroleum for the next century."

UP TO 1.2 BILLION BARRELS OF OIL AT SAWN LAKE

. There are 820 million to 1.2 billion barrels of oil resource in the Sawn Lake project, according to two respected third-party petroleum engineering firms*

. Sawn Lake is a 44 thousand acre oil sands development project in Alberta, Canada

. Controlled by DWOG and its production partner, Signet Energy

* Ryder Scott, an independent petroleum consulting firm. Ryder Scott Petroleum Consultants is one of the largest, oldest and most respected reservoir-evaluation consulting firms in the petroleum industry. The company performs more than 1,000 consulting studies a year for oil and gas producers. The Houston-based firm has branch offices in Calgary and Denver. Ryder Scott conducted an estimate of the bitumen resources in place attributable to the Bluesky formation of Deep Well's Sawn Lake Project. The report addresses the Sawn Lake Oil Sands Project land holdings as of February 9, 2005, and estimates there are 820 million initial barrels of oil in place, not including the 6.5 sections acquired in November of 2005

SAWN LAKE PROJECT

Overview

. The Sawn Lake project has similar geological characteristics to the existing Seal Field project producing heavy oil from the same Bluesky reservoir formation.

. DWOG believes that the Sawn Lake Heavy Oil Project is at the same pre-growth stage experienced by other heavy oil companies prior to a major period of growth. Drilling and oil sands lease activity in Seal Lake Field during the years 2000 to 2002 could be considered analogous to DWOG’s Sawn Lake project.

. Other operators targeting the deeper Slave Point Formation have previously drilled much of the land. Because of the earlier extensive exploration for deeper light oil, Sawn Lake project is able to benefit from data collected by others pertaining to the drilling of 75 wells that penetrated and partially delineated the Bluesky Formation heavy oil reservoir.

Early positive cash flow is the focus

. The early focus of the drilling program is to define the heavy oil reservoir one section at a time and attempt to initiate production from each drilled location as soon as practical in order to generate an early positive cash flow.

Proximity to existing pipelines

. The most significant factor in the potential profitability of field enhancement is the physical location of facilities.

. The Sawn Lake Heavy Oil Project is advantageously situated since the property is in very close

DIRECTORS

Dr. Horst A. Schmid - Director, Chairman

Dr. Schmid has been the Chairman of Deep Well Oil & Gas, Inc. since February 2004 and has a long and distinguished career as Chairman and/or President and CEO of International Companies exporting Alberta Petroleum Equipment and Products. For fifteen years he was a Cabinet Minister for the Government of Alberta in various portfolios, such as International Trade and then for a further ten years he was the Commissioner General for Trade. During that time he was involved on numerous successful overseas negotiations for the Alberta Oil & Gas Industry, achieving major contracts for Production/Equipment/Service companies, amounting to hundreds of millions of dollars. He is the recipient of many Canadian and International Awards and Honors for his accomplishments.Mr. Christian Demoyen - Director

Mr. Demoyen is the Senior Partner of the law firm Demoyen & Associés. He is also a visiting Professor at the Paris University of Law and the Conservatoire National des Arts et Métiers. His highly successful corporate law activities include financing for international clients, representing and/or negotiation with European banks, national and international mergers and acquisitions as well as the sale of major equipment to other countries. Mr. Demoyen is a French citizen. He received his Doctor in Law (PhD) degree from the University of Paris. He also attended the School of Political Sciences in Paris. Mr. Demoyen's vast experience and multitude of international contacts will be of great benefit to the future of Deep Well Oil & Gas, Inc.

Mr. Donald E. H. Jones, P.Eng. - Director

Mr. Jones brings over 30 years of broad oil, natural gas and petrochemical experience to Deep Well. His experience spans the manufacturing and service sectors, engineering and project management in the EPC environment. He has also worked at a senior management level for companies with both new and established oil and gas properties. In addition to the above mentioned work experience, Mr. Jones was Project Manager, including field construction, commissioning, and optimization on past SAGD Pilot Facilities which laid the ground work for commercial scale production and processing of heavy oil. A graduate of the University of Calgary, Mr. Jones is a registered Professional Engineer. He has significant domestic and international experience having worked in Canada, Africa, Russia, Kazakhstan and South East Asia.

Mr. David Roff, C.A., BA - Director

Mr. David Roff is the co-president of a private consulting and investment corporation and has held this position since 2001. He was the President and Director of Deep Well Oil & Gas from September 2003 until February 2004. Mr. Roff's firm, Brave Consulting was engaged by Deep Well Oil & Gas, Inc. in July 2005 until the present to advise on investment strategies and governance. Mr. Roff has extensive experience working with small cap public companies for ten years. Prior to that, Mr. Roff was a management consultant for Coopers & Lybrand Consulting where he advised large financial institutions, investment fund complexes and other organizations on technology and internal control strategies. Mr. Roff is a Chartered Accountant with a B.A. degree from the University of Western Ontario.

Mr. Curtis J. Sparrow, P.Eng., MBA - Director

Mr. Sparrow has been involved in the oil and gas industry in various capacities for more than twenty-five years. After working for a major integrated oil company, he also held directorships and senior officer positions with junior exploration and development companies before becoming a self-employed consultant. Mr. Sparrow has experience in the marketing side of the oil and gas industry and he was a member of an acquisitions team formed to assess and develop a bid for a multi-billion dollar integrated oil company. His experience also includes corporate and project management, international businesses and mining. Mr. Sparrow holds both an MBA and an Engineering degree and is a registered Professional Engineer.

Mr. Cyrus Spaulding, P.Eng. - Director

Mr. Spaulding is a registered Professional Engineer with over 17 years experience in the oil and gas industry. He has worked on projects in Canada as well as overseas. His experience includes gas plants, hydrocarbon liquids fractionation plants, heavy oil pilot plants and heavy oil commercial plants. He has also worked with a major oil and gas company in Alberta providing forecasting and analysis on heavy oil projects. Mr. Spaulding is a graduate of Lakehead University.

Mr. Malik Youyou - Director

Mr. Youyou is an experienced international entrepreneur, investor and director of several companies. With more than three decades of business experience in highly competitive global markets, beginning in his native France, Mr. Youyou brings a strong international perspective to Deep Well's Board. Mr. Youyou has created and led several companies involved in the development, branding, and marketing of luxury goods from leading international houses including Baume & Mercier, Cartier, Piaget, Alfred Dunhill, Mont Blanc, Van Cleef and Arpels, Chloe and Vacheron Constantin. Over the last two decades Mr. Youyou successfully established the luxury goods business in Russia and related markets that emerged from the former Soviet Union.

OFFICERS

Dr. Horst A. Schmid - President and CEO

Curtis J. Sparrow, P.Eng., MBA - Chief Financial Officer

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