REPEAT/Deep Well Oil & Gas, Inc.: Operator Confirms Cold Flow at Sawn Lake, Production Testing Continues

Deep Well Oil & Gas, Inc. and its subsidiaries ("Deep 
Well") (PINK SHEETS:DWOG) are pleased to announce that production 
testing is continuing on the first well of the Sawn Lake 2006 drill 
program. The operator, Signet Energy, has confirmed that the well is 
now showing initial signs of oil flow as expected.

   The Company is very encouraged by the initial results 
demonstrating the cold flow capability of this reservoir.

   As per the farmout agreement production testing will continue for 
a period of up to 90 days.

   Further information will be released by the Company on the status 
of the well testing as relevant information becomes available.

   Deep Well Oil & Gas, Inc. is a Nevada corporation based in 
Alberta Canada. Deep Well and its subsidiaries Northern Alberta Oil 
Ltd. and Deep Well Oil & Gas (Alberta) Ltd. have an 80% working 
interest, subject to a farmout agreement, in 63 contiguous sections 
of oil sands leases and 6.5 sections of oil sands permits in the Sawn 
Lake heavy oil area in North Central Alberta. The permits and leases 
cover 43,964 acres. After Signet Energy drills 10 wells at no cost to 
Deep Well, they will fully earn their interest in the project. Deep 
Well will then directly hold 40% of the project. In addition, Deep 
Well owns approximately 29.5% of Signet's common shares. A previously 
published independent engineering report estimated that, there are 
819.5 million original barrels of oil in place.

   This press release contains forward-looking statements. The words 
or phrases "would be," "will allow," "intends to," "will likely 
result," "are expected to," "will continue," "is anticipated," 
"estimate," "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. The Company's business is subject to various risks, 
which are discussed in the Company's filings with the Securities and 
Exchange Commission ("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. (PINK SHEETS:DWOG)