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Quest Oil (OTC:QOIL) Stock, Option Chain

Quest Oil Corp is an oil & gas development company. Its primary focus is acquiring and developing crude oil and natural gas properties in the United States and Canada.

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Quest Oil Corporation Announces Negotiations and Due Diligence on 2,500 Acres of Oil and Gas Leases

Quest Oil Corp

Quest Oil, Corp. (Pinksheets: <a class="ticker" href="/stock/qoil#Pinksheets">QOIL</a>) announces it is in negotiation and conducting due diligence on the acquisition of over 2,500 acres of leases over five counties in Texas.
The acreage consists of over 9 oil and gas leases in five Texas counties, with 35 existing wells. Approximately one-half of the wells are currently in production for a depth ranging from 2,000 to 3,000 feet.
Mr. Joe Wallen, CEO and Director of Quest Oil commented, “This acreage provides tremendous upside for Quest. Each lease has existing wells that are currently in production with additional wells to be placed into production. They also contain several drilling locations to extend the development of the leases.”

Quest Oil, Corp. (<a class="ticker" href="/stock/qoil#">QOIL</a>) announces that it plans to begin a work-over program on 50 jump jack oil wells located within the Hawkeye and Midkiff fields. The objective of the work-over program is to sharply increase current well output via a variety of remedial treatments, stimulation methods and technologies. Utilizing best practices the expectations are to stimulate these wells to improving production from 100 to 300 BOPD. 
Joe Wallen, CEO of Quest Oil, commented, "We are excited about the implementation of our revitalization program. By replacing rods, pumps and chemical acid treatment of the perforations will dramatically increase oil production. We are confident that we can increase production from a majority of the wells that will be subject to our work-over program."

Quest Oil Corp. Phase 1 Work-Over Program Commences on First 50 Wells 

Quest Oil, Corp. (QOIL) announces that initial results from the Hydrocarbon Imaging plat have revealed a large, previously unknown anomaly within the Company’s leases at the Hawkeye and Midkiff Fields. 
Hydrocarbon Imaging Services, Inc. performed a georadiametric survey on the Hawkeye-Midkiff leases to determine structure anomalies throughout the current acreage and estimate the hydrocarbon and reserve potential of the leases, as well as an evaluation of the drilling prospects and locations on the leases. 
The existing wells on the leases were drilled in the shallower Cross Cut sand. The future reservoir target will be the deeper formations, Ellenberger and others. Using surface conveyed radiation measuring equipment, Hydrocarbon Imaging Services, Inc. found that the Hawkeye-Midkiff leases potentially hold significant commercial hydrocarbons. The Company plans to use the data from the Hydrocarbon Imaging plat to prioritize targets for its workover program.

Quest Oil: Initial Results from the Hydrocarbon Imaging Plat Reveal Large Anomaly 

Quest Oil

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