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.
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