The Court of Queen's Bench of Alberta has Dismissed the Claims of I.G.M. Resources Corp. Against Deep Well Oil & Gas, Inc. & ...
February 13 2014 - 8:00AM
Marketwired
The Court of Queen's Bench of Alberta has Dismissed the Claims of
I.G.M. Resources Corp. Against Deep Well Oil & Gas, Inc. and
Its Subsidiary
EDMONTON, ALBERTA--(Marketwired - Feb 13, 2014) - Deep Well Oil
& Gas, Inc. and its Canadian subsidiary, Northern Alberta Oil
Ltd. ("Deep Well" or "Company") (OTCQB:DWOG) is pleased to announce
that the entirety of the claim of the Plaintiff I.G.M. Resources
Corp. against Deep Well has been dismissed by a Judge of the Court
of Queen's Bench of Alberta, Judicial District of Calgary. Deep
Well filed a request for dismissal with the Court, and the Court
ordered the dismissal of the case against Deep Well. Deep Well is
not required to pay any costs or amounts toward the resolution of
this lawsuit.
Deep Well and its Canadian subsidiaries, Northern Alberta Oil
Ltd. and Deep Well Oil & Gas (Alberta) Ltd., have a 90 per cent
working interest in 51 contiguous square miles of oil sands leases,
an 80 per cent working interest in 5 contiguous square miles of oil
sands leases and a 25 per cent working interest in 12 contiguous
square miles in the Sawn Lake heavy oil area in North Central
Alberta. The leases cover 17,408 gross hectares (43,015 gross
acres). Deep Well and its partners recently completed the drilling
of a SAGD well pair on some of these Sawn Lake lands and are
presently installing the steam and production equipment necessary
to produce these wells.
The Company's filings may be accessed at the SEC's Edgar system
at www.sec.gov. Statements made herein are as of the date of this
news release. A fuller description of the litigation can be found
in our 8-K filed on the Edgar system today.
Deep Well Oil & Gas, Inc.(780)
409-8144info@deepwelloil.comwww.deepwelloil.com
Deep Well Oil and Gas (CE) (USOTC:DWOG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Deep Well Oil and Gas (CE) (USOTC:DWOG)
Historical Stock Chart
From Apr 2023 to Apr 2024