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| Eröffnet am: | 14.08.05 22:51 | von: nuessa | Anzahl Beiträge: | 109 |
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Wer hat nähere Info´s zu diesem Wert? Schaut alleine vom Chart her schon sehr interessant aus ...
Danke ...
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Wertpapier: Quest Oil |
Und immer dran denken! Es ist "nur" Geld! Und Geld ist wirklich nicht besonders wichtig!
Da gibt es viel wichtigere Dinge im Leben! ;)
LG Tony
By Gediminas Jasionis
Date: Sep 7, 2010
Quest Oil Corp (PINK:QOIL, QOIL message board) has gained massive volume and huge volatility in response to management's official update on operations. The reaction of the market identified that there were little life changing revelations in the announcement, thus the opportunities for future price gains remain discursive.
Basically, the new update just confirmed the acquisition on B&B Oil, Inc. is complete and all the assets are now in Quest Oil's possession. The CEO talks about low risk oil production opportunities, but with a lack of capital it is hardly imaginable they will lay their hands on "mature prospects with proven reserves." In the best case, it will look more like scavenging the leftovers.
Apart from restating the company's key plans and business strategy, the update had no substantial weight. If QOIL manages to squeeze something out of the newly acquired oil well, it will be a much better update, able to drive the price up and not just increase the directionless trading volume.
Another issue is the serious indebtedness. Even if the company started to generate substantial income, they have nearly $4 million in liabilities, not counting the notes payable. This alone generates substantial interest payments every quarter, which can only be covered by stock or more debt issuing at the moment. Conclusively, this stock is not meant to be invested in, but rare and unpredictable short term opportunities make it hardly tradable at all.
Quelle:http://www.hotstocked.com/article/2826/...oil-puts-out-corporate.html
Quest Oil Begins Work Program at Hawkeye and Midkiff Fields
Quest Oil utilizes radiometric technology to bolster exploration
Quest Oil, Corp. (Pink Sheets:QOIL) is pleased to announce that it has begun a comprehensive work program at its Hawkeye and Midkiff properties in Eastland County, Texas. Situated at the western boundary of the Fort Worth Basin, Quest Oil's 1,198 acres in the Hawkeye and Midkiff fields host a number of wells that are currently productive, in addition to multiple, new drill targets.
As part of the work program, Quest Oil plans to begin an infill drilling program on targets at the Hawkeye and Midkiff Fields that management have deemed low risk. Notably, a recent decision by the Texas Railroad Commission - the body that regulates oil and natural gas activities in the state - to lower the spacing for wells in the area to 20 acres, will enable Quest to drill approximately 20 additional wells at the Hawkeye and Midkiff fields.
Quest Oil is utilizing Hydrocarbon Imaging, a radiometric imaging technology, in its work program to identify and quantify oil and gas reservoirs and reserves. Initial imaging results have been captured and are currently being evaluated. Hydrocarbon Imaging technology which captures a surface survey of the "radiation footprint" of a given area of geography rivals conventional seismic and downhole logging in both arenas of cost and reserve identification. Utilizing sophisticated field equipment that is coupled with integrated software capabilities, this technology is a thorough, flexible, useful, and cost effective means of collecting exploratory hydrocarbon data.
"At this stage, our initial exploration work on the Hawkeye and Midkiff Fields suggests that there are opportunities to expand our hydrocarbon production base," stated Joe Wallen, Quest Oil's CEO. "Accordingly, we have deployed Hydrocarbon Imaging technology to give us reliable estimates of hydrocarbon reserves and to better define priority drill targets. We are confident that this technology will help us expeditiously and accurately manage our exploration objectives. The initial results from the imaging have determined the discovery of a large anomaly."
Following the recent acquisition of B&B Oil, Inc., Quest Oil acquired approximately 1,198 acres in the Hawkeye and Midkiff Fields in Eastland County, Texas. Management believes that the Hawkeye - Midkiff fields have outstanding exploration and development potential. When viewing stratigraphic charts of the area it becomes abundantly clear that where oil and gas are encountered there is potential across the section for deepening existing wells, down through the Canyon Division on through to the Barnett Shale.
About Quest Oil Corp.
Quest Oil Corp. is an independent oil and gas exploration company that seeks to acquire and develop economically attractive and geologically sound properties that have, in management's view, significant upside potential. Quest Oil is focused on the acquisition of properties that are currently in production, and on the development of new drilling opportunities. Quest Oil's development strategy includes the implementation of state of the art technologies that are deployed to enhance and rework existing, highly predictable wells, within proven oil and gas plays. For more information, please visit www.questoil.com.
Quest Oil Identifies 192 Wells, Viable Rework Prospects at Hawkeye and Midkiff
Quest Oil Prepares to Execute Infill Drill Program
Quest Oil, Corp. (Pink Sheets: QOIL) is pleased to announced that the Company has identified 192 wells that represent, in management's belief, viable rework prospects on its Hawkeye and Midkiff properties in Eastland County, Texas. Accordingly, Quest Oil has initiated a comprehensive work program that is designed to measure oil and gas reservoirs and reserves for the rework prospects. Management are utilizing Hydrocarbon Imaging, a radiometric imaging technology, to delineate priority targets. Pending results from the hydrocarbon plat, Quest Oil will also commence an infill drilling program at the Hawkeye and Midkiff fields that is focused on low risk drill targets.
Joe Wallen, Quest Oil's CEO commented, "Management have extensive "boots-on-the-ground" experience in the basins of west and central Texas, and believe that the Hawkeye - Midkiff area have outstanding exploration and development potential. In the Hawkeye and Midkiff area, the main producer is the shallow Adams Branch Limestone - the source of which is the Barnett Shale - that underlies most of the area and is most likely in the oil and gas window in terms of maturity. Notably, this formation has been penetrated and does produce in the county."
When viewing stratigraphic charts of the area it becomes abundantly clear that where oil and gas are encountered there is potential across the section for deepening existing wells, down through the Canyon Division on through to the Barnett Shale, the largest gas producing field in the US, which accounted for more than 7% of total domestic natural gas production in 2008.
About Quest Oil, Corp.
Quest Oil, Corp. is an independent oil and gas exploration company that seeks to acquire and develop economically attractive and geologically sound properties that have, in management's view, significant upside potential. Quest Oil is focused on the acquisition of properties that are currently in production, and on the development of new drilling opportunities. Quest Oil's development strategy includes the implementation of state of the art technologies that are deployed to enhance and rework existing, highly predictable wells, within proven oil and gas plays. For more information, please visit www.questoil.com.
Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC and consult a registered broker dealer or contact the financial industry regulatory authority ("FINRA") for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission.
Contacts:
Quest Oil, Corp.
Mr. Joe Wallen, 830-257-0777
President and CEO
info@questoil.com
Quest Oil Corp. Announces Corporate Overview
Quest Oil Corp. (Pink Sheets: QOIL) At the request of the shareholders and numerous inquiries to the company, President Joe Wallen is pleased to provide the following corporate overview on the recent developments.
"Since the acquisition of B&B Oil by Quest, my team has been actively preparing inventories, replacing stock items, hiring work crews and defining a three phase plan. Phase 1 is focused on identifying and establishing an immediate workover program to get the least problematic wells back into production. There are 136 wells capable of producing and 39 water injection wells. Field operations include identifying the least problematic wells out of the 136.
"The Phase 2 program is lease negotiation and acquisition; since inception of B&B Oil, my mandate has been to identify and develop relationships within the local industry by having an ear to the ground. As announced on Sept. 9, 2010, on the negotiations of the Concho County lease, I am very optimistic on a positive outcome. Immediate workover of the 2 existing wells and for the 4 new drill locations already identified provides a good foot hold in the region. This type of project, although requiring geological evaluation, provides for a tremendous amount of geology that has been completed.
"Phase 3 is drilling, site selection, survey and permitting for several locations that have already been identified. Drilling is the basis of our business, with low risk and high deliverability as our focus. The Company's goal over the next 12 months is to have 100 - 200 BOPD from our workover program and have three new wells drilled contributing an additional 250 BOPD."
About Quest Oil Corp.
Quest Oil Corp. is an independent oil and gas exploration company that seeks to acquire and develop economically attractive and geologically sound properties that have, in management's view, significant upside potential. Quest Oil is focused on the acquisition of properties that are currently in production and on the development of new drilling opportunities. Quest Oil's development strategy includes the implementation of state-of-the-art technologies that are deployed to enhance and rework existing, highly predictable wells within proven oil and gas plays. For more information, please visit www.questoil.com.
www.austexoil.com an !
M.E. kommen die bald dick in´s business ...
schaut euch mal die hp an www.qoilcorp.com
die kaufen ständig neue areale dazu und sind völlig unter bewertet.
Muss natürlich jeder selber entscheiden ist keine Kaufempfelung!
Quest Oil Corp. announced that it is close to finalizing the acquisition of a 540 acre oil, gas and mineral lease located in Coleman County, Texas. Quest has initiated imaging on additional acreage adjacent to this lease.
Mr. Joe Wallen, CEO and Director of Quest Oil commented, "The potential acquisition of this oil and gas lease, which is in its final stage, will add substantial reserves to the Company''s assets of approximately 1.6 million barrels of recoverable oil. We have initiated imaging by Hydrocarbon Imaging, Inc. to be conducted on acreage adjacent to the current acreage we are finalizing."
About Quest Oil Corporation
Quest Oil Corporation is an independent oil and gas exploration company that seeks to acquire and develop economically attractive and geologically sound properties that have, in management''s view, significant upside potential. Quest Oil Corporation is focused on the acquisition of properties that are currently in production, and on the development of new drilling opportunities. Quest Oil Corporation''s development strategy includes the implementation of state of the art technologies that are deployed to enhance and rework existing, highly predictable wells, within proven oil and gas plays. For more information, please visit www.qoilcorp.com.