Deep Well Oil & Gas — Shareholder Meeting (September 2014)
45 slides from Deep Well Oil & Gas's shareholder meeting presentation, Sep 18, 2014
Slide 1: Presentation to the General Meeting of Shareholders
Deep Well Oil & Gas, Inc. Presentation to the General Meeting of Shareholders Presented by Mr. Curtis Sparrow, P.Eng., MBA Chief Financial Officer Edmonton, Alberta September 17, 2014 Deep Well Oil and Gas, Inc.
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation contains forward-looking statements. The words or phrases “potential,” "would be," *will allow,” "intends to," “wil likely result," "are expected to," ‘will continue," "is anticipated,” “estimate,” “project,” “plans,” "probable reserves,” “possible reserve
Slide 3: Financial Overview
Financial Overview Deep Well Oil and Gas, Inc.
Slide 4: Company Consolidated Balance Sheets
| pany Consolidated Balance Sheets uss a Nine Months Nine Months Endo. Ende Yearend Year End June 30, June 30, September Septomber 2014 2013, 2013 _ 30,2012 ASSETS ‘Current Assets 9.989.319 278018 $ 7.770.925 446.674 Capital Assets 20,278,583 _ 16,609,707 _16,595.443 _19,788.778 25,667,902 __ 16,887
Slide 5: Sawn Lake Project Overview
Sawn Lake Project Overview Deep Well Oil and Gas, Inc.
Slide 6: Deep Well's Lands
a3, Deep Well’s Lands K | Peace River Oil Sands Area of Alberta, Canada © Our acreage covers 43,015 gross acres Alberta j : Deep Well Oil & Gas, Inc. Cage Sawn Lake Project Oil Sands Area ti Deep Well Oil and Gas, Inc.
Slide 7: Sawn Lake Project – Overview of Acreage
a3 Sawn Lake Project — Overview of Acreage /- ¢ Current Oil Sands acreage (68 sections of Land): e Gross — 43,000 acres e Net — 33,500 net acres after Farmout © Working Interests ranging from 25% to 90% ¢ Plan to utilize a mixture of technologies to maximize value Deep Well Oil and Gas, Inc.
Slide 8: Sawn Lake Project - Overview
Sawn Lake Project - Overview Drilled 12 wells to date and acquired a working interest in 2 water source wells Acquired +125 miles of seismic Entered into a government approved SAGD Project with Joint Venture Partners which is currently underway and operating Received governmental approval for our HC
Slide 9: Sawn Lake Project – Farmout Agreement
a3 Sawn Lake Project — Farmout Agreement /- e Entered into a Farmout Agreement on July 31, 2013 e Inreturn for a net 25% working interest in 12 sections where we had a working interest of 50%, the Farmee will: » provide up to $40 million USD to fund our share of the SAGD Project » provide about 2/3
Slide 10: Sawn Lake acreage and well locations
<a Davos 25% tating ee s, reo watonrormel Range 13-W5 Range 12-W5 © 90% WI in 51 sections where we are the operator * 80% WI in 5 sections where we are the operator e 25% WI in 12 sections » We have a WI in 7 vertical wells and 5 horizontal wells (plus 2 water source wells) » Vertical target depth o
Slide 11: Acquired and reprocessed seismic data
» We have acquired and reprocessed over 125+ miles of seismic data tN anager © pegeze woman gw © x10 vee cn Ova oF 0106 Hotz ent 01 Hat a hes?) ot? Range 13- WS Range 12- WS
Slide 12: Close proximity to pipelines and roads
DWOG 80% wi Acreage » Close proximity to Drone im acriaoe crude oil pipeline and 0 g 806 wn ne Wa gas pipeline 7 206 Heian rate Cl Wet 7 ciwse o1 reine » All weather road Y cas resing ® access SAGO Fue! Sours GasPipeins vate Praline (Souea pees 7 Roste-ni oar Fonn Wes Proposes Roaes Range 13- WS Ran
Slide 13: Core Sample
ars Core Sample /- © Bluesky Reservoir Core © Net Pay from 5 to 30 meters Deep Well Oil and Gas, Inc.
Slide 14: Other Companies in Close Proximity to our Sawn Lake Oil Sands Project
Slide 15: Sawn Lake, Carmon Creek and Cliffdale Reservoir Comparison
Sawn Lake, Carmon Creek and Cliffdale Reservoir Comparison Shell Project Sawn Lake Carmon Creek Cliffdale Region Peace River Peace River | Peace River Formation Bluesky Bluesky Bluesky Depth (m) 650 - 700. let Pay (m) 5- +30 15-20 29 0.5-4 ion (%) 70 - 80 Oil Gravity (API) 8 1 Reservoir Temp. (C) |
Slide 16: Production
and-complets fe Production
Slide 17: Sawn Lake Thermal Recovery Projects
Sawn Lake Thermal Recovery Projects Deep Well Oil and Gas, Inc.
Slide 18: SAGD and HCSS Projects
== TT — ac ae = = eee SAGD Project | vos on Misting hime 1 Location = * a ae Currently wag ny yay ¥ |aFovooreemsne | * a Coen Range 18-W5 Range 12-W5 fa ot Current SAGD Project: » Alberta Energy Regulator approved » Project extraction method - Steam Assisted Gravity Drainage » DWOG currently partici
Slide 19: Current Operations SAGD Project
Current Operations SAGD Project
Slide 20: Project Operations
ject Operations Entered into SAGD Demonstration Project Agreement Entered into a Farmout Agreement Drilled two horizontal SAGD wells on our 25% WI acreage Obtained a 25% working interest in two water wells Construction of the surface steam plant has been completed Pipelines to tie-in the water sourc
Slide 21: SAGD Demonstration Project - Phase 1
SAGD Demonstration Project - Phase 1
Slide 22: SAGD Demonstration Project – Phase 1
Pe SAGD Demonstration Project r | Phase 1 / * Determine and verify the commercial viability of SAGD technology in the Bluesky Reservoir * First SAGD well pair drilled in 2013 to a depth of 650 meters with a horizontal length of 780 meters * Commenced steam injection on May 21, 2014 © Bitumen product
Slide 23: SAGD Demonstration Project – Phase 2
SAGD Demonstration Project — Phase 2
Slide 24: SAGD Demonstration Project – Phase 2
a-*} SAGD Demonstration Project am a Phase 2 Obtain additional technical information to further develop SAGD production Enhance economics by expanding the Phase 1 SAGD facility with additional SAGD wells Complete original 7-30 well as an additional producer Comply with Alberta Energy Regulator requi
Slide 25: SAGD Thermal Recovery Project Location
SAGD Thermal Recovery Project Location SAGD Thermal Becavery Project currently underway oa == Penn West_ Penn West Penn West
Slide 26: Drilling rig used to drill the SAGD well pair
- Drilling rig used to dri the SAGD well pair.
Slide 27: SAGD Project
SAGD Project Both horizontal wells have been drilled and completed Surface Location for production from same — : surface pad location = LSD 7, Section 30, Injector Well & é 8 g x a & Depth Steam Chamber Horz. Leg Producer Well Deep Well Oil and Gas, Inc.
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Slide 37: AER Approved HCSS Thermal Recovery Project
AER Approved HCSS Thermal Recovery Project
Slide 38: AER Approved HCSS Thermal Recovery Project
AER Approved HCSS Thermal Recovery Project i eae} a a * Project extraction method — horizontal cyclic steam stimulation (HCSs) * Received AER approval * Plan to drill two horizontal wells on our 90% owned acreage ° We are currently waiting on the preliminary results of the SAGD Project to fine-tune
Slide 39: Reserves and Resources Overview
Reserves and Resources Overview Deep Well Oil and Gas, Inc.
Slide 40: Cautionary Note To U.S. Investors concerning Contingent Resources
| Pe Cautionary Note To U.S. Investors a | concerning Contingent Resources The following slides on reserves and contingent resources estimates were reported on Form 51-101F1 and filed with SEDAR in accordance with the Canadian Securities Regulators, The Company advises investors that although contin
Slide 41: Reserve Estimates
a» Reserve Estimates as of September 30, 2013 ae | R Bitumen (Oil Sands) Net ( Net 2) (Mbbl) (Mbbl) Before After Reserves Category Royalties _Royalties Proved Total Proved Probable Total Proved plus Probable Possible Total Proved plus Probable plus Possible 19,557 16,075 Reserves ~ the Company's wor
Slide 42: Contingent Resource Estimates
“4 Contingent Resource Estimates as of September 30, 2013 i Z CONTINGENT RESOURCES" Bitumen (Oil Sands) Gross Working Gross Pool ?! Interest ©) Reserves Category MMbbI. MMbbl) (C2) Best Estimated (P50) Contingent Resource cue 180.2 ) Reserves and contingent resources involve diferent risks associate
Slide 43: Reserves - Net Present Value of Future Net Revenue
a> Reserves - Net Present Value of Future Net Revenue NS a as of September 30, 2013 Before Income After Income Taxes Taxes Discounted at % Discounted at % per year per year 0 10 0 70 Reserves Category (MM$)_ _(MMg: (MMs) _(MM$) Proved Total Proved Probable Total Proved plus Probable Possible Total P
Slide 44: Contingent Resource - Net Present Value of Future Net Revenue
poy Contingent Resource - Net Present Value of Future Net Revenue / a as of September 30, 2013 Before Income After Income Taxes Taxes Discounted at % Discounted at % per year per year 0 10 0 10 Reserves Category (MM$)_ _(MMS$} (MM$)_ _(MM$) (C2) Best Estimated (P50) Contingent Resource 5,183 242 3,8
Slide 45: Questions?
Questions ? Contact: Corporate Office Suite 700, 10150 — 100 Street NW Edmonton, Alberta T5J OP6 Canada Telephone: (780) 409-8144 Facsimile: (780) 409-8146 Visit our web site at: www.deepwelloil.com Deep Well Oil and Gas, Inc.
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