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Dardadog Member |
posted November 18, 2004 08:12
  
ARLINGTON, Texas, Nov. 18 /PRNewswire-FirstCall/ -- Quest Oil Corporation (OTC Bulletin Board: QOIL) continues to see the U.S. market as its current number one oil and gas target in the world by focusing on oil acquisitions in the United States. By catering to oil and gas users in the US, the transportation costs are much lower and the political and economic climate is more stable. The very near future could see a double-digit stock price. Visit: http://www.questoil.com. Quest Oil's going after a very old line and growing oil company, Graham Petroleum Corp., a private Illinois corporation founded in 1967 with seven producing oil wells and other prospects in the Illinois Basin will add to its growing lists of local US acquisitions along with strong revenues. At current prices, Graham Petroleum Corporation will add to Quest Oil's future revenue as 2,000,000 or more barrels of oil are based on reviewed areas. At current prices this could represent over $90 million in future potential revenue. Visit: http://www.questoil.com. As Quest Oil continues to locate other valuable local US oil companies with established and more than ever valuable oil and gas revenues, its very well planned and thought out process for growth in the politically and economically stable North American Continent will create greater shareholder value for its stockholders. Oil and gas growth in the US market will remain very strong over the many years to come as it continues to be the largest user of oil and gas in the world. Contact: C. Wilson for Quest Oil Corporation This release was issued through eReleases(TM). For more information, SOURCE Quest Oil Corporation CO: Quest Oil Corporation; Graham Petroleum Corp. ------------------ Do Da Due!!! RUFF!!! Dog IP: Logged |
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Dardadog Member |
posted November 18, 2004 08:30
Quest Signs MOU For Oil Producer In USA Wednesday November 17, 8:00 am ET
The first two prospects to be drilled are ``The Charleston North'' and ``The Coil South''. The Charleston North under independent review from a licensed independent Geologist, Mr. Charles Wiles, submits that ``This prospect, as based on reviewed areas, has the potential of finding a field with 2,000,000 or more barrels of oil.'' Similar comments are documented for the Coil South prospect by the independent Professional Geologist Mr. Jeffrey L. Hoy. ``Using Graham Petroleum as a foothold, we expect to partner with other entities such as regional oil companies to facilitate the broader value chain of investment, with the primary purpose of using redevelopment as a leveraging vehicle into upstream oil and gas opportunities and profitability,'' King said. ``Our focus remains on the front end of the value chain. Our interest in developing the Graham properties is to allow us to do what we can do well -- explore for, develop and market valuable energy resources.'' The planned redevelopment holds numerous advantages for delivering oil to North America's Heartland: Situated in a mature industrial zone, the projects enjoy a supportive relationship with the local government and surrounding community; the Illinois Basin has a complete oil and gas infrastructure, relative to other North American development projects. Quest Oil Corporation's mission is to optimize the development of oil & gas resources out of its petroleum licenses in order to create the greatest value for its shareholders. ``Quest Oil is actively negotiating prospects for exploring and producing oil and gas in Alberta, Canada one of the world's top Oil reserve countries. We are making a concerted effort to extend our oil and gas exploration in North America, as well as in other producing regions. Participating in the development of North American oil and gas resources is becoming more necessary in the upstream industry and is consistent with Quest's growth strategy going forward,'' King explained. For more information about how Quest Oil is bringing excellence to the surface, please visit: Quest Oil Corporation. ------------------ Do Da Due!!! RUFF!!! Dog IP: Logged |
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