Deep Well Oil & Gas Inc. (DWOG.PK)

Deep Well Oil & Gas Inc is located in Alberta, Canada. Deep Well Oil & Gas Inc is currently trading under the stock symbol DWOG.PK, on the Pink Sheets. Trading Pink Sheet stocks is one of the risky forms of investing.

2 employees are working for this sprouting company. The company's business plans might be adversely affected due to lack of employees. You should give important consideration with regard to the number of people at the company, when you are evaluating an investment opportunity.

On Jan 5, 2009 the share price of the company's stock was $0.21. The company's share price is 71.23 % lower than its 52 week high of $0.73 at present. Stocks under $1.00 are often followed by liquidity issues. Also there is often little hope of share price appreciation, for stocks in this price range. They do not usually go up unless there is a significant improvement in the fundamentals. The price is hitting yearly lows, meaning the stock's performance has worsened. The situation calls for additional research before considering this stock. This stock has issues with liquidity. Once bought, such shares might be difficult to sell.

Recently, the company announced some news. Deep Well Oil & Gas Inc announced that " Deep Well Completes First and Spuds the Second of the Planned Seven Wells of the Sawn Lake Project " on Dec 18, 2008. Although we found this fascinating, we are not sure how this news will affect the share price.