We present high resolution VLA-observations of the nearby Low Surface Brightness Dwarf Galaxy DDO 47. This object shows many hole-like structures in its neutral interstellar medium. The majority of the detected H I-shells are found to be expanding. Their origin is therefore believed to be due to stellar winds of the most massive stars and their subsequent supernova (SN type II) explosions within regions of recent star formation (SF). Current SF in DDO 47 is predominantly present on the rims of the HI-shells suggesting propagating SF. At a projected distance of 20 kpc (adopting a distance to DDO 47 of 4 Mpc), a companion galaxy was detected at almost the same systemic velocity (DDO 47 B). A search for an optical identification suggests that CGCG 087-033 is the optical counterpart of the companion. A preliminary dynamical analysis based on DDO 47’s rotation curve yields that it is dark matter dominated (about 80% of its dynamical mass is in some non-visible form). A simple mass model suggests that DDO 47 is one of the ‘thickest’ dwarf galaxies studied so far.