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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SECURITIES AND
EXCHANGE COMMISSION</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="text-transform: none">Washington,
D.C. 20549</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; color: black">Date
of Report (Date of earliest event report):</FONT><B> </B><B>March 30, 2012<FONT STYLE="color: black"> </FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DEEP WELL OIL &amp; GAS, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; font-weight: bold; text-align: center">NEVADA</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 40%; font-weight: bold; text-align: center"><B>0-24012</B></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 29%; font-weight: bold; text-align: center"><B>13-3087510</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(State or other jurisdiction of</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">(IRS Employer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Identification No.)</TD></TR>
</TABLE>
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    <TD STYLE="width: 55%; font-weight: bold; text-align: center">Suite 700, 10150 &ndash; 100 Street, Alberta, Canada</TD>
    <TD STYLE="width: 1%; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 44%; font-weight: bold; text-align: center">T5J 0P6</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: center; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: center; text-indent: -0.25in"><FONT STYLE="font-size: 10pt">Registrant&rsquo;s
telephone number, including area code: </FONT><B>(780) 409-8144</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: center; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: center; text-indent: -0.25in">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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: center; text-indent: -0.25in">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 7.01</B></TD><TD STYLE="text-align: justify"><B>Regulation FD Disclosure.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On March 30, 2012,
Deep Well Oil &amp; Gas, Inc. (the &ldquo;Company&rdquo;) issued a press release announcing that its wholly-owned Canadian subsidiaries
Northern Alberta Oil Ltd. and Deep Well Oil &amp; Gas (Alberta) Ltd., have acquired a report prepared by DeGolyer &amp; MacNaughton
Canada Limited (D&amp;M) a qualified and independent reserves evaluator estimating the Company&rsquo;s oil sands reserves and resources
from the working interests held by the Company's subsidiaries in the Peace River Oil Sands area of Alberta, Canada. The press release
includes probable and possible reserves (on a net basis) and the Company&rsquo;s estimates of Contingent and Prospective resources,
each calculated in accordance with the &ldquo;Petroleum Resource Management System (PRMS)&rdquo; the standard applied in the United
States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The information
disclosed in this report on Form 8-K, including Exhibit 99.1 and 99.2, is being furnished pursuant to Item 7.01 of Form 8-K
and shall not be deemed &ldquo;filed&rdquo; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liabilities of that section nor shall it be deemed incorporated by reference into any registration
statement or other filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as
otherwise expressly stated in such filing. By filing this report on Form 8-K, the Company does not acknowledge that
disclosure of this information furnished under this Item 7.01, Exhibit 99.1 and 99.2 is required by Regulation FD or that the
information was material or non-public before the disclosure. As of January 1, 2010, the Securities and Exchange Commission
(&ldquo;SEC&rdquo;) changed its rules to permit oil and gas companies, in their filings with the SEC, to disclose on a
voluntary basis probable reserves and possible reserves. Probable reserves include those additional reserves that a company
believes are as likely as not to be recovered and possible reserves include those additional reserves that are less certain
to be recovered than probable reserves. In addition, Statements relating to &quot;reserves&quot; or &ldquo;contingent
resources&rdquo; or &ldquo;prospective resources&rdquo; are deemed to be forward-looking statements, as they involve the
implied assessment, based on certain estimates and assumptions, that the reserves, contingent resources or
prospective resources described exist in the quantities predicted or estimated, and can be profitably produced in the future.
Investors are cautioned not to assume that any part or all of the probable or possible reserves, contingent resources or
prospective resources described herein will ever be converted to proved reserves.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 9.01</B></TD><TD STYLE="text-align: justify"><B>Financial Statements and Exhibits.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Attached as Exhibit
99.1 and 99.2, which are incorporated herein by reference, to this report on Form 8-K is the Company&rsquo;s press release issued
on March 30, 2012 announcing the report prepared by DeGolyer &amp; MacNaughton Canada Limited estimating the Company&rsquo;s oil
sands reserves and resources and a letter dated March 30, 2012 from DeGolyer &amp; MacNaughton Canada Limited confirming the information
released in the press release attached as Exhibit 99.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>(a) Financial Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>Not Applicable.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>(d) Exhibits to subject matter reported
on this Form 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 14%; font-weight: bold; text-align: left; border-bottom: Black 1pt solid">Exhibit No.</TD>
    <TD STYLE="width: 1%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="width: 85%; text-indent: 0; font-weight: bold; border-bottom: Black 1pt solid">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">99.1</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-indent: 0.7pt">Press Release</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">99.2</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-indent: 0.7pt">Letter from DeGolyer &amp; MacNaughton Canada Limited</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-indent: 0.7pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold">DEEP WELL OIL &amp; GAS, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 46%; font-style: italic">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date: March 30, 2012</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Horst A. Schmid</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Dr. Horst A. Schmid</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>President and CEO</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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{"company-data": {"conformed-name": "DEEP WELL OIL & GAS INC", "cik": "0000869495", "assigned-sic": "1311", "irs-number": "133087510", "state-of-incorporation": "NV", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-24012", "film-number": "12730654"}, "business-address": {"street1": "SUITE 700", "street2": "10150 - 100 STREET", "city": "EDMONTON", "state": "A0", "zip": "T5J  0P6", "phone": "(780) 409-8144"}, "mail-address": {"street1": "SUITE 700", "street2": "10150 - 100 STREET", "city": "EDMONTON", "state": "A0", "zip": "T5J  0P6"}, "former-company": [{"former-conformed-name": "ALLIED DEVICES CORP", "date-changed": "19930328"}, {"former-conformed-name": "ILLUSTRIOUS MERGERS INC", "date-changed": "19600201"}]}
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 report):
March 30, 2012
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, 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:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01
Regulation FD Disclosure.
On March 30, 2012,
Deep Well Oil & Gas, Inc. (the "Company") issued a press release announcing that its wholly-owned Canadian subsidiaries
Northern Alberta Oil Ltd. and Deep Well Oil & Gas (Alberta) Ltd., have acquired a report prepared by DeGolyer & MacNaughton
Canada Limited (D&M) a qualified and independent reserves evaluator estimating the Company's oil sands reserves and resources
from the working interests held by the Company's subsidiaries in the Peace River Oil Sands area of Alberta, Canada. The press release
includes probable and possible reserves (on a net basis) and the Company's estimates of Contingent and Prospective resources,
each calculated in accordance with the "Petroleum Resource Management System (PRMS)" the standard applied in the United
States.
The information
disclosed in this report on Form 8-K, including Exhibit 99.1 and 99.2, is being furnished pursuant to Item 7.01 of Form 8-K
and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liabilities of that section nor shall it be deemed incorporated by reference into any registration
statement or other filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as
otherwise expressly stated in such filing. By filing this report on Form 8-K, the Company does not acknowledge that
disclosure of this information furnished under this Item 7.01, Exhibit 99.1 and 99.2 is required by Regulation FD or that the
information was material or non-public before the disclosure. As of January 1, 2010, the Securities and Exchange Commission
("SEC") changed its rules to permit oil and gas companies, in their filings with the SEC, to disclose on a
voluntary basis probable reserves and possible reserves. Probable reserves include those additional reserves that a company
believes are as likely as not to be recovered and possible reserves include those additional reserves that are less certain
to be recovered than probable reserves. In addition, Statements relating to "reserves" or "contingent
resources" or "prospective resources" are deemed to be forward-looking statements, as they involve the
implied assessment, based on certain estimates and assumptions, that the reserves, contingent resources or
prospective resources described exist in the quantities predicted or estimated, and can be profitably produced in the future.
Investors are cautioned not to assume that any part or all of the probable or possible reserves, contingent resources or
prospective resources described herein will ever be converted to proved reserves.
Item 9.01
Financial Statements and Exhibits.
Attached as Exhibit
99.1 and 99.2, which are incorporated herein by reference, to this report on Form 8-K is the Company's press release issued
on March 30, 2012 announcing the report prepared by DeGolyer & MacNaughton Canada Limited estimating the Company's oil
sands reserves and resources and a letter dated March 30, 2012 from DeGolyer & MacNaughton Canada Limited confirming the information
released in the press release attached 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
99.2
Letter from DeGolyer & MacNaughton Canada Limited
SIGNATURE
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: March 30, 2012
By:
/s/ Horst A. Schmid
Dr. Horst A. Schmid
President and CEO