10 Nov 2011director interest notice● Neutral
DEEP WELL OIL & GAS INC director Malik Youyou disposed of 27,138,297 shares via option/appreciation-right settlement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 Nov 2011director interest notice● Neutral
DEEP WELL OIL & GAS INC director David Roff received a stock option grant for 375,000 shares.
31 Oct 2011director interest notice● Neutral
DEEP WELL OIL & GAS INC director Said Arrata received 500,000 shares as part of the equity award.
1 Sept 2011director interest notice● Neutral
Said Arrata became a DEEP WELL OIL & GAS INC director and company insider (initial ownership filing).
1 Sept 2011director interest notice● Neutral
DEEP WELL OIL & GAS INC director Said Arrata received a stock option grant for 450,000 shares.
12 Aug 2011quarterly activities report▼ Bad
DEEP WELL OIL & GAS INC reported a quarterly net loss of $299 thousand for the period ended 2011-06-30.
13 June 2011director interest notice● Neutral
DEEP WELL OIL & GAS INC director David Roff received a stock option grant for 450,000 shares.
18 May 2011quarterly activities report▼ Bad
DEEP WELL OIL & GAS INC reported a quarterly net loss of $489 thousand for the period ended 2011-03-31.
17 May 2011late filing notice▼ Bad
DEEP WELL OIL & GAS INC notified the SEC that its quarterly report would be filed late.
2 May 2011director interest notice● Neutral
DEEP WELL OIL & GAS INC director Malik Youyou received a stock option grant for 450,000 shares.
14 Apr 2011director interest notice● Neutral
DEEP WELL OIL & GAS INC director Satya Brata Das received a stock option grant for 450,000 shares.
10 Mar 2011director interest notice● Neutral
Satya Brata Das became a DEEP WELL OIL & GAS INC director and company insider (initial ownership filing).
11 Feb 2011quarterly activities report▼ Bad
DEEP WELL OIL & GAS INC reported a quarterly net loss of $261 thousand for the period ended 2010-12-31.
15 Nov 2010capital raising announcement● NeutralMajor
On November 9, 2010 the company closed two private placements with two investors: 29,285,713 units at US$0.07 for US$2,050,000, each unit with one share and one warrant at US$0.105 for three years. This is far cheaper than the US$0.40 units sold in October 2008, so it dilutes existing holders heavily. The company says most of the money is for engineering and construction for its recently approved Cyclical Steam Stimulation production test at Sawn Lake.
What it means for a shareholder
29.3m new shares at US$0.070 to raise about US$2.0m. That's 22% dilution: every existing holder's slice gets 22% smaller. If you held US$1,000 of shares (14,286 at the issue price), your slice goes from 0.0134% to 0.0105% of the company. To keep it you'd need 3,918 more shares - about US$274 at the issue price.
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13 Aug 2010quarterly activities report▼ Bad
DEEP WELL OIL & GAS INC reported a quarterly net loss of $358 thousand for the period ended 2010-06-30.
30 Dec 2009late filing notice▼ Bad
DEEP WELL OIL & GAS INC notified the SEC that its annual report would be filed late.
13 Nov 2009director interest notice● Neutral
DEEP WELL OIL & GAS INC director Christian Demoyen bought 120,000 shares on the open market.
24 Sept 2009director interest notice● Neutral
Donald Wayne Hryhor became a DEEP WELL OIL & GAS INC director and company insider (initial ownership filing).
14 Sept 2009director interest notice● Neutral
Christian Demoyen became a DEEP WELL OIL & GAS INC director and company insider (initial ownership filing).
5 May 2009director interest notice● Neutral
DEEP WELL OIL & GAS INC director Malik Youyou bought 234,572 shares on the open market.
18 Mar 2009director interest notice● Neutral
DEEP WELL OIL & GAS INC director Malik Youyou bought 866,980 shares on the open market.
20 Nov 2008director interest notice● Neutral
DEEP WELL OIL & GAS INC Director Malik Youyou bought 28,085,000 shares on the open market.
7 Nov 2008capital raising announcement▲ GoodMajor
On October 31, 2008 the company closed the second US$5,000,000 tranche: 12,500,000 units at US$0.40, the minimum price allowed, each with a US$0.60 warrant and a 0.16 fractional warrant at US$0.80, all expiring October 31, 2011. This completes the US$10 million placement announced in August, with more shares issued per dollar than in the first tranche, so dilution is greater. The press release says the funds are mainly for drilling six wells, with an optional seventh, as soon as weather permits.
What it means for a shareholder
12.5m new shares at US$0.400 to raise about US$5.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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22 Aug 2008capital raising announcement● Neutral
This amendment only corrects an error in the August 15, 2008 filing: the warrants from the first tranche expire on August 14, 2011, not August 14, 2008. The financing terms are otherwise repeated unchanged, and nothing new happened.
19 Aug 2008director interest notice● Neutral
DEEP WELL OIL & GAS INC 10%+ owner Malik Youyou bought 23,894,504 shares on the open market.
15 Aug 2008capital raising announcement▲ GoodMajor
On August 14, 2008 the company closed the first half of a US$10 million private placement: 10,638,297 units at US$0.47 for US$5,000,000 from one investor, each with a US$0.71 warrant and a fractional warrant at US$0.95. The investor has agreed to buy a second US$5,000,000 tranche around October 31, 2008 at a price set by a formula (not below US$0.40). The press release says most of the money is for six wells, with an optional seventh, with drilling expected to start about November 1, 2008. The warrant expiry date in this filing is misprinted and corrected in the next filing.
What it means for a shareholder
10.6m new shares at US$0.470 to raise about US$5.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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3 July 2008director interest notice● Neutral
DEEP WELL OIL & GAS INC 10%+ owner Tamm Oil & Gas Corp. disposed of 21,533,000 shares via option/appreciation-right settlement.
3 July 2008substantial holder notice● Neutral
Tamm Oil and Gas Corp reported no remaining DEEP WELL OIL & GAS INC shareholding in its periodic institutional filing.
30 June 2008director interest notice● Neutral
DEEP WELL OIL & GAS INC 10%+ owner Malik Youyou bought 1,082,650 shares on the open market.
20 May 2008director interest notice● Neutral
DEEP WELL OIL & GAS INC 10%+ owner Malik Youyou bought 55,500 shares on the open market.