Deep Well Oil & Gas — Shareholder Meeting (October 2015)
28 slides from Deep Well Oil & Gas's shareholder meeting presentation, Oct 5, 2015
Slide 1: Slide Presentation of Deep Well Oil & Gas, Inc.
Slide Presentation of Deep Well Oil & Gas, Inc, Annual General Meeting of Shareholders Held on September 29, 2015
Slide 2: Annual General Meeting of Shareholders
Deep Well Oil & Gas, Inc. Annual General Meeting of Shareholders Presented by Mr. Curtis Sparrow, P. Eng., MBA Chief Financial Officer Edmonton, Alberta September 29, 2015 Deep Well Oil and Gas, Inc.
Slide 3: Forward Looking Statement
Forward Looking Statement This presentation contains forward-looking statements. The words or phrases “potential,” “would be,” “will allow," “intends to,” “will likely result," "are expected to,” "will continue,” “is anticipated,” "estimate." "project," “plans,” “probable reserves,” “possible reserv
Slide 4: Company Profile
La] Dade | Company Profile Deep Well Oil and Gas, Inc. Area of Operations Publicly Traded on Stock Price 52-week range Long-Term Debt: Cash as of September 2015: 2P Reserves 2C Contingent Resources Independent Junior Oil Exploration and Production Company Peace River Oil Sands Area, Alberta, Canada
Slide 5: Financial Overview
Financial Overview Deep Well Oil and Gas, Inc.
Slide 6: Consolidated Balance Sheets
te Yoos | Consolidated Balance Sheets US$ a Nine Months Nine Months Ended Ended YearEnd Year End June 30, June 30 September September 2015 2014 30,2014 30, 2013 ASSETS Current Assets $ 2,209.450 $ 3,989,319 $ 3.418.729 $ 7,770,925 Capital Assets 20,203,693 __20,278.583 _20,272.868 _16,595,443 22,503
Slide 7: Results of Operations from Producing Activities
eX a> Results of Operations from Producing Activities US$ | Nine Months Ended Year End June 80, September 2015 30, 2014 Oil Sales after Royalties $ 425,635 $ 47,116 Production (Operating) Expenses (425,635) (47,115) Exploration Expenses (27,358) (47,182) Depreciation, Accretion and Depletion (62,907
Slide 8: Sawn Lake Overview of Projects
Sawn Lake Overview of Projects Deep Well Oil and Gas, Inc.
Slide 9: Sawn Lake SAGD Project
e Oh Noeie oper SAGD Project i 2rcc sen wengmons [* 8) Location «= ‘Acreage - Operator Currently [7] 2106 25% working iniest |, yg) Producing; pan © oW06 vata et gf Soros al : A ites ? o—1 2 Range 13 - WS Range 12-W5 92 1 Current SAGD Project: » Alberta Energy Regulator (AER) approved. » Project ext
Slide 10: Sawn Lake Projects Overview
— Z a Sawn Lake Projects Overview f N e Entered into a SAGD Project and joint operating agreement with two Joint Venture Partners Entered into a Farmout Agreement to fully finance our portion of the first phases of the SAGD project in return for a net 25% working interest in 12 sections where we had
Slide 11: SAGD Demonstration Project
SAGD Demonstration Project Deep Well Oil and Gas, Inc.
Slide 12: SAGD Demonstration Project
aS SAGD Demonstration Project - a Demonstration Project Overview: ° Verify the effectiveness of the use of SAGD technology in parts of our Bluesky Reservoir where the pay thickness is >15 meters. Project Operations to Date: ° First SAGD well pair was drilled in 2013 to a depth of 650 meters (2,133 f
Slide 13: First Year SAGD Project Actual Production
»“> First Year SAGD Project Actual Production N a September 16, 2014 thru September 16, 2015 500 —SAGD Project Actual Monthly Average: Production 450 First Year Average Proved Plus Probable Estimate Type Curve Bes 400 us 350 300 + 250 200 je production 150 pr jown for part of [ ump replacement. aver
Slide 14: Actual Oil Sample from SAGD Producer Well
as Actual Oil Sample from SAGD Producer Well aw Deep Well Oil and Gas, Inc.
Slide 15: Deep Well's SAGD Production Facility
te] ae Deep Well’s SAGD Production Facility - a Google earth Deep Well Oil and Gas, Inc.
Slide 16: Deep Well's SAGD Production Facility
| as, Deep Well’s SAGD Production Facility - a 7-30-091-12W5 SAGD Facility Movie Clip Deep Well Oil and Gas, Inc.
Slide 17: Battery Facility
Battery Facility Other Third Party Conventional Light Oil Multi- well Production Facility Oil Pipeline Access Deep Well Oil & Gas, Inc. Satellite image after 7 construction of the 7-30- 091-12W5 SAGD Fagility
Slide 18: Generators and Motor Control Centre
Generators and Motor Control Centre: Original 7-30 well previously drilled and will eventually be turned into a producer well Injector “Well —_. SB /| Producing Well Produced Fluids Treatment Buil - Steam generator and water treatment building On
Slide 19: Slide 19
Slide 20: Deep Well's SAGD Production Facility
as Deep Well’s SAGD Production Facility Ae | Deep Well Oil and Gas, Inc.
Slide 21: SAGD Project - Moving Forward
Dade | SAGD Project - Moving Forward ° Based on the operator's forecasts, maximum production rates and a stable SOR are expected around November 2015 ° Received regulatory approval for 2"? SAGD well pair ° Started process for regulatory approvals to expand the SAGD facility with additional SAGD well
Slide 22: AER Approved HCSS Thermal Recovery Project
AER Approved HCSS Thermal Recovery Project
Slide 23: AER Approved HCSS Thermal Recovery Project
Dade | AER Approved HCSS Thermal Recovery Project ° Verify the use of horizontal cyclic steam stimulation (HCSS) technology in the Bluesky Reservoir for areas where the pay thickness may not support SAGD. ° Received AER approval ° Plan to drill two horizontal wells on our 90% owned acreage ° Initiat
Slide 24: Reserves and Resources Overview
Reserves and Resources Overview Deep Well Oil and Gas, Inc.
Slide 25: Cautionary Note To U.S. Investors concerning Contingent Resources
nea Cautionary Note To U.S. Inve concerning Contingent Resources a. a 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 contingent
Slide 26: Reserve Estimates
a> Reserve Estimates as of September 30, 2014 a a E RESERVES Bitumen Oil Sands Net (Mbbl) Category Before Royalties Total Proved Probable Total Proved plus Probable Possible Total Proved plus Probable plus Possible ") Reserves ~the Company's working interest reserves before deduction of royalties. D
Slide 27: Contingent Resource Estimates
~— ee eae: Contingent Resource Estimates as of September 30, 2014 awe | B CONTINGENT RESOURCES") Bitumen (Oil Sands Gross Working Interest @ (MMbbIl) before Category royalties (2C) Best Estimated (P50) Contingent Resources — Marginal and Sub-Marginal 143 ') Reserves and contingent resources involve
Slide 28: Questions?
Questions? Contact: Corporate Office Suite 700, 10150 — 100 Street NW Edmonton, Alberta T5J OP6 Canada Telephone: (780) 409-8144 info@deepwelloil.com www.deepwelloil.com Deep Well Oil and Gas, Inc.
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