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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.
Oh du schöne OTCBB!
Hahaha
LG Tony
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.