-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001144204-10-063164.txt : 20101123
<SEC-HEADER>0001144204-10-063164.hdr.sgml : 20101123
<ACCEPTANCE-DATETIME>20101123145938
ACCESSION NUMBER:		0001144204-10-063164
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20101109
FILED AS OF DATE:		20101123
DATE AS OF CHANGE:		20101123

REPORTING-OWNER:	

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

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24012
		FILM NUMBER:		101211543

	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:		SUITE 700
		STREET 2:		10150 - 100 STREET
		CITY:			EDMONTON
		STATE:			A0
		ZIP:			T5J  0P6
		BUSINESS PHONE:		(780) 409-8144

	MAIL ADDRESS:	
		STREET 1:		SUITE 700
		STREET 2:		10150 - 100 STREET
		CITY:			EDMONTON
		STATE:			A0
		ZIP:			T5J  0P6

	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>4
<SEQUENCE>1
<FILENAME>v203827_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2010-11-09</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000869495</issuerCik>
        <issuerName>DEEP WELL OIL &amp; GAS INC</issuerName>
        <issuerTradingSymbol>DWOG.PK</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>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2010-11-09</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>28571428</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.07</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>67876681</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F4"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Warrants Expired</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.90</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2007-06-22</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F3"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>8333333</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <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>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>28138297</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Warrants to Purchase</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.105</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2010-11-09</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
                <footnoteId id="F5"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>28571428</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2013-11-09</value>
            </exerciseDate>
            <expirationDate>
                <value>2013-11-09</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>28571428</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>56709725</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Effective on November 9, 2010, Malik Youyou closed a private placement with the Issuer for an aggregate of 28,571,428 units
 at a price of US$0.07 per unit, for total gross proceeds of US$2,000,000. Each unit is comprised of one common share
 (&quot;Common Share&quot;) and one Common Share purchase warrant (&quot;Whole Warrant&quot;) Each Whole Warrant entitles the holder to purchase
 one additional Common Share at a price of US$0.105 per Common Share for a period of three years from the date of closing.
 The exercise price of the Whole 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 November 9, 2013.</footnote>
        <footnote id="F3">On June 22, 2010, 8,333,333 common stock warrants, previously granted to Mr. Malik Youyou on June 22, 2007, expired
 unexercised.</footnote>
        <footnote id="F4">Malik Youyou directly owns 61,717,900 shares of common stock of the Issuer. Mr. Malik Youyou also indirectly owns another
 6,158,781 shares of common stock of the Issuer through Westline Enterprises Limited a company 100% owned by Malik Youyou.</footnote>
        <footnote id="F5">Presently Mr. Malik Youyou has exercisable warrants to acquire up to 56,709,725 shares of common stock of the Company.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Malik Youyou</signatureName>
        <signatureDate>2010-11-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----