8-K

_____________________________________________________________________________

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 9, 2013

DEEP WELL OIL & GAS, INC.

(Exact name of registrant as specified in its charter)

NEVADA	0-24012	13-3087510
(State or other jurisdiction of	(Commission File Number)	(IRS Employer
incorporation)		Identification No.)

Suite 700, 10150 – 100 Street, Edmonton, Alberta, Canada	T5J 0P6
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code:  (780) 409-8144

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01                      Other Events.

The Board of Directors of Deep Well Oil & Gas, Inc. (the “Corporation”) authorized and declared a special one-time cash distribution (the “Distribution”) to be paid to its shareholders as of the record date August 16, 2013 (“Stockholders of Record”), as set by the Board of Directors of the Corporation. This Distribution will be paid out at USD $0.07 per common share to the Corporation’s Stockholders of Record as of the close of business on August 16, 2013. The Board of Directors of the Corporation has set the payment date of the Distribution to be paid on September 20, 2013 to its Stockholders of Record.

The Corporation issued a press release on August 9, 2013 announcing the Distribution, which is filed herewith as Exhibit 99.1.

Item 9.01                      Financial Statements and Exhibits.

(a)  Financial Statements

Not Applicable.

(d)  Exhibits to subject matter reported on this Form 8-K

Exhibit No.	Description
99.1	Press Release dated August 9, 2013, filed herewith.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized.

	DEEP WELL OIL & GAS, INC.
Date: August 9, 2013	By:	/s/ Horst A. Schmid
		Dr. Horst A. Schmid
		President and CEO

EX-99.1

EXHIBIT 99.1

NEWS RELEASE

Deep Well Declares Special Distribution of 7 Cents per Share

August 09, 2013 – 08:00 EDT

EDMONTON, ALBERTA--(Marketwire) - Deep Well Oil & Gas, Inc. ("Deep Well" or "Corporation") (OTCQB Marketplace: DWOG) is pleased to announce a special one-time distribution to its shareholders.

Deep Well’s Board of Directors has authorized and declared that the distribution in the amount of US$0.07 per share be payable on September 20, 2013 to the holders of record of all the issued and outstanding shares of common stock of the Corporation as of the close of business on August 16, 2013, (the “Record Date”).

This distribution is funded by Deep Well’s recently completed private placement of its common shares which raised US$22 million at 48.8 cents per share (US$0.488).  The Board determined that the Corporation’s shareholders should receive this distribution since the Corporation has reserves to sustain its operations for the next few years and its anticipated future capital expenditures are funded by the joint venture agreement.

On August 2, 2013, Deep Well announced it has accepted a private placement from MP West Canada SAS, a wholly owned subsidiary of Maurel et Prom (“Maurel et Prom”), of US$22 million priced at 48.8 cents per share. Deep Well will issue 45.1 million shares to Maurel et Prom. Further, Maurel et Prom has entered into a joint venture agreement with Deep Well agreeing to provide up to US$40 million in funding for the various steps of the demonstration project, in return for a net 25 per cent working interest in 12 of the 68 sections where Deep Well has a working interest of 50 per cent.  Maurel et Prom will also provide funding to cover operating expenses of Deep Well.

Maurel et Prom can also elect to obtain a working interest of 40 per cent to 45 per cent working interest in the remaining 56 sections of land where Deep Well has working interests ranging from 80 per cent to 90 per cent, by committing an additional US$110 million of financing to the Sawn Lake project.

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 square miles of oil sands leases, an 80 per cent working interest in 5 square miles of oil sands leases and, post farmout, a net 25 per cent working interest in 12 square miles in the Sawn Lake heavy oil area in North Central Alberta. The leases cover 17,408 gross hectares (43,015 gross acres).  All of these lands are contiguous.

The Corporation encourages its stockholders to seek tax advice regarding their own particular situation in order to understand the rules and regulations regarding this distribution payment and “ex-dividend” date and the effect of selling their shares of the Corporation’s common stock following the record date.

Deep Well is fully committed to best practices in environmental stewardship to assure sustainable development of its in-situ heavy oil holdings.

This news release contains forward-looking statements. The words or phrases "would be," "to be," "will allow," "intends to," "will likely result," " expected," "will continue," "is anticipated," "potential," "recoverable," "estimate," "forecast," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the Company's proposed oil and gas related business and described in this press release. The Company's business and the realization of the results contemplated by this press release are subject to various risks, which are discussed in the Company's filings with the SEC.  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 press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward- looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such a statement.

Deep Well Oil & Gas, Inc. (OTCQB Marketplace: DWOG - News)

Contact:

Deep Well Oil & Gas, Inc.

1-780-409-8144

info@deepwelloil.com

www.deepwelloil.com