A 2nd demonstration project
From Deep Well's Aug 21 N/R:
"This project is separate from Deep Well's earlier announced thermal recovery project, intended to extract heavy oil using Horizontal Cyclic Steam Stimulation (HCSS) on the north half of Section 10-92-13W5 where Deep Well has a 90 per cent working interest."
Andora (POE) happens to own 10% of 10-92-13W5. What is more important, is that Andora also owns 50% of the section immediately to the north (section15) and 50% of of the sections immediately to the east and south east (sections 2 and 11).
I do not know the status of Deep well's demonstration project and its timetable, but the two projects combined, should they be successful, would add considerable value to POE. Deep Well's shares have in the last 3 weeks moved from the 4 cent range to 42 cents, a 10 fold increase.