0001213900-14-000833.txt : 20140213 0001213900-14-000833.hdr.sgml : 20140213 20140213112801 ACCESSION NUMBER: 0001213900-14-000833 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140211 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140213 DATE AS OF CHANGE: 20140213 FILER: 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: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24012 FILM NUMBER: 14603912 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 8-K 1 f8k021114_deepwelloil.htm CURRENT REPORT f8k021114_deepwelloil.htm
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):  February 11, 2014

DEEP WELL OIL & GAS, INC.
(Exact name of registrant as specified in its charter)

NEVADA
  
0-24012
  
98-0501168
(State or other jurisdiction
of incorporation)
  
(Commission
File Number)
  
(IRS Employer
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.
 
Legal Proceedings - Dismissed
 
On February 11, 2014, the Court dismissed the claims against Deep Well Oil & Gas, Inc. and its subsidiary Northern Alberta Oil Ltd. (the “Corporation”) made by I.G.M. Resources Corp. (the “Plaintiff”) against the Corporation and its subsidiary, as set out in the Plaintiffs Statement of Claim as described below.

On March 10, 2005, the Plaintiff filed a Statement of Claim in the Court of Queen’s Bench of Alberta Judicial District of Calgary against the Corporation and certain other defendants (collectively, the “IGM Defendants”). The Plaintiff, a minority shareholder in one of the IGM Defendants, alleged that the value of certain assets that had been sold by the company in which it was a shareholder was far in excess of the consideration paid for the assets. This lawsuit was part of a series of lawsuits or actions undertaken by the Plaintiff against some of the other IGM Defendants. As part of the lawsuit, the Plaintiff sought an order setting aside the asset sale transaction and returning the assets to the selling party, compensation in the amount of Cdn $15,000,000, and certain other relief.

Item 9.01    Financial Statements and Exhibits.

The Corporation issued a press release on February 13, 2014 announcing the dismissal of the lawsuit against the Corporation, which is filed herewith as Exhibit 99.1.

(a)  Financial Statements

Not Applicable.

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

Exhibit No.
  
Description
99.1
  
Press Release dated February 13, 2014, 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: February 13, 2014
By:
/s/ Horst A. Schmid
   
Dr. Horst A. Schmid
   
President and CEO
 

 EX-99.1 2 f8k021114ex99i_deepwelloil.htm PRESS RELEASE f8k021114ex99i_deepwelloil.htm
 EXHIBIT 99.1
 


NEWS RELEASE
 


The Court of Queen’s Bench of Alberta has dismissed the claims of I.G.M. Resources Corp. against Deep Well Oil & Gas, Inc. and its subsidiary
 
February 13, 2014 – 08:00 EST
 
EDMONTON, ALBERTA - (Marketwired) Deep Well Oil & Gas, Inc. and its Canadian subsidiary, Northern Alberta Oil Ltd. (“Deep Well” or “Company”) (OTCQB: DWOG) is pleased to announce that the entirety of the claim of the Plaintiff I.G.M. Resources Corp. against Deep Well has been dismissed by a Judge of the Court of Queen’s Bench of Alberta, Judicial District of Calgary.  Deep Well filed a request for dismissal with the Court, and the Court ordered the dismissal of the case against Deep Well.  Deep Well is not required to pay any costs or amounts toward the resolution of this lawsuit.

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 contiguous square miles of oil sands leases, an 80 per cent working interest in 5 contiguous square miles of oil sands leases and a 25 per cent working interest in 12 contiguous square miles in the Sawn Lake heavy oil area in North Central Alberta. The leases cover 17,408 gross hectares (43,015 gross acres).  Deep Well and its partners recently completed the drilling of a SAGD well pair on some of these Sawn Lake lands and are presently installing the steam and production equipment necessary to produce these wells.

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 news release. A fuller description of the litigation can be found in our 8-K filed on the Edgar system today.




Contact Information:
Deep Well Oil & Gas, Inc.
(780) 409-8144
info@deepwelloil.com
www.deepwelloil.com