-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Ep732HnlbWQyRc4Rq4QkT98dlYOFDl3y6I38Fn9ILIV/tmDZeIErSTFu0/aENr1V
 XJlrZvz55Jy+lA5Bx0YYzw==

<SEC-DOCUMENT>0001144204-08-016128.txt : 20080318
<SEC-HEADER>0001144204-08-016128.hdr.sgml : 20080318
<ACCEPTANCE-DATETIME>20080318163216
ACCESSION NUMBER:		0001144204-08-016128
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070622
FILED AS OF DATE:		20080318
DATE AS OF CHANGE:		20080318

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			YOUYOU MALIK
		CENTRAL INDEX KEY:			0001429081

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24012
		FILM NUMBER:		08696724

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		011 7 495 725 4455

	MAIL ADDRESS:	
		STREET 1:		SADOVNICHESKEYA NAB 69
		CITY:			MOSCOW
		STATE:			1Z
		ZIP:			115035

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DEEP WELL OIL & GAS INC
		CENTRAL INDEX KEY:			0000869495
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				133087510
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		10117 JASPER AVENUE
		STREET 2:		SUITE 510
		CITY:			EDMONTON
		STATE:			A0
		ZIP:			T5J 1W8
		BUSINESS PHONE:		(780) 409-8144

	MAIL ADDRESS:	
		STREET 1:		10117 JASPER AVENUE
		STREET 2:		SUITE 510
		CITY:			EDMONTON
		STATE:			A0
		ZIP:			T5J 1W8

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALLIED DEVICES CORP
		DATE OF NAME CHANGE:	19930328

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ILLUSTRIOUS MERGERS INC
		DATE OF NAME CHANGE:	19600201
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>v107262_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2007-06-22</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000869495</issuerCik>
        <issuerName>DEEP WELL OIL &amp; GAS INC</issuerName>
        <issuerTradingSymbol>DWOG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001429081</rptOwnerCik>
            <rptOwnerName>YOUYOU MALIK</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>SADOVNICHESKEYA NAB 69</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>MOSCOW</rptOwnerCity>
            <rptOwnerState>1Z</rptOwnerState>
            <rptOwnerZipCode>115035</rptOwnerZipCode>
            <rptOwnerStateDescription>RUSSIAN FEDERATION</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>8333333</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1674842</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1908620</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Whole Warrants to purchase common stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.90</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2007-06-22</value>
            </exerciseDate>
            <expirationDate>
                <value>2010-06-22</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>8333333</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Special Warrants to purchase common stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>1.20</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2007-06-22</value>
            </exerciseDate>
            <expirationDate>
                <value>2012-06-22</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1.20</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Effective on June 22, 2007, Malik Youyou closed a private placement with the Issuer for an aggregate of 8,333,333 units at a
 price of US$0.60 per unit, for total gross proceeds of US$5,000,000. Each unit is comprised of one common share (&quot;Common
 Share&quot;), one Common Share purchase warrant (&quot;Whole Warrant&quot;) and another twelve one-hundredths Common Share purchase warrant
 (&quot;Special Warrant&quot;). Each Whole Warrant entitles the holder to purchase one additional Common Share at a price of US$0.90
 per Common Share for a period of three years from the date of closing. Each Special Warrant entitles the holder to purchase
 a Common Share at a price of US$1.20 for a period of five years from the date of closing. The exercise price of the Whole
 Warrants and the Special Warrants will be adjusted from time to time upon the occurrence of certain events, as provided in
 the warrants. (Continued in Footnote 2)</footnote>
        <footnote id="F2">The Whole Warrants expire on June 22, 2010 and the Special Warrants expire on June 22, 2012. Form of Subscription Agreement,
 Form of Whole Warrant and Form of Special Warrant for this private placement of units was filed with Form 8-K on July 5,
 2007 and incorporated herein by reference.</footnote>
        <footnote id="F3">Westline Enerprises Limited, a company 100% owned by Malik Youyou</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Malik Youyou</signatureName>
        <signatureDate>2008-03-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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