Deep Well Completes First of Seven Planned Wells at Sawn Lake

Deep Well and its subsidiaries are pleased to announce that the first of the planned seven wells has been completed at a depth of 680 meters (2,231 feet). It was determined that the well has a total net pay of 11.5 meters (37.7 feet) crude bitumen.

Results of the core analysis will be available in the new year. The drilling of the second well, situated at 9-16-092-13-W5, has commenced and the depth to be drilled is 680 meters (2,231 feet).