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

Quest Oil, Corp. QOIL 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.”