QOIL Quest Oil Corporation (PK)

Quest Oil Corporation (Pink Sheets: QOIL) is pleased to announce an update on the oil lease in Concho County of West Texas.

On September 9, 2010, the Company announced it was in negotiations for the potential acquisition of an oil and gas lease in Concho County, Texas. The Company is in active talks with Hydrocarbon Imaging Services, Inc. in scheduling the imaging of the property. Robert Clark, CEO of Hydrocarbon Imaging Services, Inc. commented, “HIS will conduct the imaging of the property as soon as approval from the landowner is obtained, which we anticipate within the next 36 hours. My crews are currently on standby to perform the imaging and should be able to complete the imaging portion of the evaluation within 24 hours of commencement.”

HIS conducted the imaging plat on the Eastland County, Texas, project that resulted in a tremendous anomaly under the property. This imaging will be posted on the website in the next few days.

There have been 10 oil wells plugged and abandoned by the Railroad Commission due to noncompliance of the previous operator and owner of the Concho County lease years ago. These 10 wells flowed after the completion phase with initial production of 150 to 200 barrels per day. All of the monthly lease operating expenses were covered from the gas produced and sold.

Company CEO, Mr. Joe Wallen, comments, “We look forward to the imaging results of the Concho County, Texas, project. This information will be very helpful in the Company’s success in its plan for the development of the acreage by drilling.”

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.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, all current Pinksheets.com filings 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.

Quest Oil (PK) (USOTC:QOIL)
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Quest Oil (PK) (USOTC:QOIL)
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から 12 2023 まで 12 2024