Deep Well Oil & Gas (DWOG.PK)

Deep Well Oil & Gas, Inc. plans to operate as an oil and gas exploration and development company with a focus on oil and gas exploration activities in northern Alberta, Canada. It intends to look for properties involving heavy oil projects. The company was incorporated in July 1988 in Nevada as Worldwide Stock Transfer, Inc. and changed its name to Illustrious Mergers, Inc. in October 1990. The name was further changed to Allied Devices Corporation in August 1996 and to Deep Well Oil & Gas Inc. in October 2003. The company has executive offices in Calgary, Canada.

Deep Well Oil & Gas intends to look for properties or projects involving heavy oil, which is a dark black, viscous oil that does not flow well and has a high carbon -to-hydrogen ratio. DWOG is in discussions to acquire properties or projects. For the 9 months ended 6/30/04, the Company reports no revenues, down from $9.2M. Net loss fell 99% to $100K. Results reflect the liquidation, offset by the absence of a $7.6M write downs costs.