### Quest Oil Corporation is pleased to announce ### - 500 Beiträge pro Seite
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ISIN: US74836C1080 · WKN: A0DLH9 · Symbol: QOIL
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HOUSTON, Mar 14, 2006 (PRIMEZONE via COMTEX) --
Quest Oil Corporation (OTCBB:QOIL) is pleased to announce that subsidiary
Quest Canada Corp. was successful in acquiring two sections of land and all
PNG rights at the Alberta Crown Land sale held on March 08, 2006.
The newly acquired leases are located in the Acadia Valley and are an
extension of the Arneson Viking gas pool that was encountered by test wells
"15-34" and "10-22". The sections are approximated one mile northeast of
section 34-25-2W4 and directly south of our lands Section No. 11 and No. 12.
Quest`s successful bid on sections 1-25-2W4 and 2-25-2W4 provide all rights
from surface to basement for a five year period and bring the Acadia North
land holdings to seven (7) sections totaling 4,480 sq. acres. Quest Oil`s
President and CEO, Mr. Bill Stinson further stated that, "The size of the
Acadia field is growing nicely from only two sections this time last year to
over seven square miles today."
Mr. Stinson is also please to announce that the interpretation and mapping
of the Acadia North 3D seismic shoot was completed just in time to provide
detailed information for the recent land sale and proving a valuable resource
when projecting values on potential production locations. "Based on the
positive results of the seismic shoot, we have put in motion a four well
horizontal drilling program. Dr. Norman Neidell, the consultant that has
processed and interpreted the data and has selected four locations based on
structural elevation of the Viking sandstone that will maximize production
yields. Transaction Oil and Gas Services Ltd., will be operator and will be
responsible of permitting and survey."
Odom Ranch No.1H Well
Quest Oil is pleased to announce that it has agreed to participate in the
completion of the Barnett Shale Odom Ranch No.1 H horizontal well in Parker
County that commenced drilling on February 5th, 2006 and has reached TD of
approximately 9,000 feet. Mr. Stinson stated, "Based on our examination of
the data, Quest Oil Corporation has elected to participate in the completion
of the well. The participation in this project, has granted us access to the
operational aspects of drilling Barnett Shale horizontal wells which will
prove beneficial in our upcoming deep well drill program for Hawkeye/Midkiff
leases."
Nettie Gardner
Due to the continued delays in drill rig availability in the Nettie Gardner,
McCullough County area, Mr. Stinson advises, "That we have decided to put
priority on the in-fill drilling program for the Hawkeye -- Midkiff fields;
the continued delays in spudding Nettie Gardner has started to encroach on
our schedule of events of the other areas. We have already engaged a local
drilling company to launch a shallow in-fill drill program on the Hawkeye
field and is scheduled to be on site within the week. The five well drill
program for Nettie Gardner will be re-scheduled once drill rigs are more
readily available and commitments can be met."
ABOUT QUEST OIL CORPORATION
The Company is committed to the exploration and development of economical
oil and natural gas reserves globally. Quest management is focused on an
acquisition program targeting high quality and low risk prospects. Initially
Quest is focused on the development of North American oil and gas resources
allowing highly leveraged production opportunities in Alberta and Texas,
through its 100% owned subsidiaries Quest Canada Corp., Wallstin Petroleum
LLC and PetroStar Oil Services Inc.
ON BEHALF OF THE BOARD
Quest Oil Corporation. "William Stinson" William Stinson President CEO
To find out more about Quest Oil Corporation (OTCBB:QOIL), visit our website
at www.questoil.com.
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein
constitutes forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the company to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors include
general economic and business conditions, the ability to acquire and develop
specific projects, the ability to fund operations and changes in consumer and
business consumption habits and other factors over which Quest Oil
Corporation has little or no control.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Quest Oil
Quest Oil Corporation
Mr. Darren Hayes
Corporate and Business Development
Tel: (713) 243-7887
Fax: (713) 243-8801
dhayes@questoil.com
www.questoil.com
(C) 2006 PRIMEZONE, All rights reserved.
*** end of story ***
Quest Oil Corporation (OTCBB:QOIL) is pleased to announce that subsidiary
Quest Canada Corp. was successful in acquiring two sections of land and all
PNG rights at the Alberta Crown Land sale held on March 08, 2006.
The newly acquired leases are located in the Acadia Valley and are an
extension of the Arneson Viking gas pool that was encountered by test wells
"15-34" and "10-22". The sections are approximated one mile northeast of
section 34-25-2W4 and directly south of our lands Section No. 11 and No. 12.
Quest`s successful bid on sections 1-25-2W4 and 2-25-2W4 provide all rights
from surface to basement for a five year period and bring the Acadia North
land holdings to seven (7) sections totaling 4,480 sq. acres. Quest Oil`s
President and CEO, Mr. Bill Stinson further stated that, "The size of the
Acadia field is growing nicely from only two sections this time last year to
over seven square miles today."
Mr. Stinson is also please to announce that the interpretation and mapping
of the Acadia North 3D seismic shoot was completed just in time to provide
detailed information for the recent land sale and proving a valuable resource
when projecting values on potential production locations. "Based on the
positive results of the seismic shoot, we have put in motion a four well
horizontal drilling program. Dr. Norman Neidell, the consultant that has
processed and interpreted the data and has selected four locations based on
structural elevation of the Viking sandstone that will maximize production
yields. Transaction Oil and Gas Services Ltd., will be operator and will be
responsible of permitting and survey."
Odom Ranch No.1H Well
Quest Oil is pleased to announce that it has agreed to participate in the
completion of the Barnett Shale Odom Ranch No.1 H horizontal well in Parker
County that commenced drilling on February 5th, 2006 and has reached TD of
approximately 9,000 feet. Mr. Stinson stated, "Based on our examination of
the data, Quest Oil Corporation has elected to participate in the completion
of the well. The participation in this project, has granted us access to the
operational aspects of drilling Barnett Shale horizontal wells which will
prove beneficial in our upcoming deep well drill program for Hawkeye/Midkiff
leases."
Nettie Gardner
Due to the continued delays in drill rig availability in the Nettie Gardner,
McCullough County area, Mr. Stinson advises, "That we have decided to put
priority on the in-fill drilling program for the Hawkeye -- Midkiff fields;
the continued delays in spudding Nettie Gardner has started to encroach on
our schedule of events of the other areas. We have already engaged a local
drilling company to launch a shallow in-fill drill program on the Hawkeye
field and is scheduled to be on site within the week. The five well drill
program for Nettie Gardner will be re-scheduled once drill rigs are more
readily available and commitments can be met."
ABOUT QUEST OIL CORPORATION
The Company is committed to the exploration and development of economical
oil and natural gas reserves globally. Quest management is focused on an
acquisition program targeting high quality and low risk prospects. Initially
Quest is focused on the development of North American oil and gas resources
allowing highly leveraged production opportunities in Alberta and Texas,
through its 100% owned subsidiaries Quest Canada Corp., Wallstin Petroleum
LLC and PetroStar Oil Services Inc.
ON BEHALF OF THE BOARD
Quest Oil Corporation. "William Stinson" William Stinson President CEO
To find out more about Quest Oil Corporation (OTCBB:QOIL), visit our website
at www.questoil.com.
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein
constitutes forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the company to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors include
general economic and business conditions, the ability to acquire and develop
specific projects, the ability to fund operations and changes in consumer and
business consumption habits and other factors over which Quest Oil
Corporation has little or no control.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Quest Oil
Quest Oil Corporation
Mr. Darren Hayes
Corporate and Business Development
Tel: (713) 243-7887
Fax: (713) 243-8801
dhayes@questoil.com
www.questoil.com
(C) 2006 PRIMEZONE, All rights reserved.
*** end of story ***
[posting]20.674.217 von V51 am 14.03.06 12:15:35[/posting]...also war an dem Gerücht, daß man die Ergebnisse der Bohrungen im Hinblick auf mögliche Zukäufe von umliegendem Land nur aus diesem Grund nicht veröffentlicht hat wohl doch mehr dran als man zunächst vermuten durfte.
Soviel ist klar, - das scheinen jedenfalls Top-Ergebnisse zu sein, denn sonst hätte man das umliegende Gelände nun eben sicher nicht aufgekauft....
Soviel ist klar, - das scheinen jedenfalls Top-Ergebnisse zu sein, denn sonst hätte man das umliegende Gelände nun eben sicher nicht aufgekauft....
[posting]20.675.272 von bioperformer am 14.03.06 13:25:47[/posting]Ich würd mal sagen .... in`s Schwarze getroffen .... der Herr am BullBoard scheint wirklich Ahnung zu haben.
Na denn.. Marsch,marsch
...12% Plus ist ja schon mal ganz nett, aber wer die genauen Hintergründe zu QOIL kennt weis, daß Kurse unter 80 Cent eigentlich lächerlich sind.
Find mal eine Ölförderndes Unternehmen - kein reiner Explorer also mehr - der bereits solche Umsätze mit delbst gefördertem Öl und Gas erzielt wie QOIL.
...da kannste lange suchen wenn du in dieser Preisklasse bleiben willst.
Find mal eine Ölförderndes Unternehmen - kein reiner Explorer also mehr - der bereits solche Umsätze mit delbst gefördertem Öl und Gas erzielt wie QOIL.
...da kannste lange suchen wenn du in dieser Preisklasse bleiben willst.
uund zu den Facts kommen noch ideale Indikatoren...
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