[15807] in Public-Access_Computer_Systems_Forum
Read the Pr just out. Oil Co. got their financing.
daemon@ATHENA.MIT.EDU (Pat)
Fri May 20 07:11:06 2005
Message-ID: <007101c55d2f$56e0b420$cfefa485@vcmmgus>
From: "Pat" <2mily@mother.com>
To: <devries@mit.edu>
Date: Fri, 20 May 2005 04:31:36 -0800
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<P class=MsoNormal align=center><FONT face="Times New Roman" size=3><FONT
face=Arial size=2><FONT style="BACKGROUND-COLOR: #ffff00" color=#000080
size=3><STRONG>Looking for a company with some good news that just came out
today? Here's one!</STRONG></FONT></FONT></FONT></P>
<P class=MsoNormal align=center><STRONG><FONT color=#ff0000 size=4>Major
Financial NEWS was released Today</FONT></STRONG></P>
<P class=MsoNormal align=center><FONT size=4><SPAN class=t>Quest Oil Closes
Initial Funding For Acadia Gas Project</SPAN></FONT></P>
<P class=MsoNormal align=left><FONT size=+0><SPAN class=t><FONT
size=2>ARLINGTON, Texas, May 19, 2005 (PRIMEZONE) -- Quest Oil Corporation (OTC
BB:</FONT><FONT size=2>QOIL.OB</FONT><FONT size=2>) is pleased to announce the
successful closing of <STRONG>$750,000</STRONG> in financing that will be used
for the Acadia North Gas Project. Please see today's 8K</FONT><FONT size=2> for
more detail.</FONT></SPAN></FONT></P>
<P class=MsoNormal align=left><FONT size=2><SPAN class=t>Through the efforts of
Midtown Partners & Co., LLC as lead placement agent, all participants have
come to an agreement on funding details. The gross funding of
<STRONG>$750,000</STRONG> has cleared escrow and has been received by the
Company. The Company's CFO, Cameron King indicated, ``Quest is excited to start
the first of many of its planned investments into oil and gas development
projects. The successful drilling and completion of the Acadia project may
provide the leverage for Quest to become a multi-million dollar annual
producer.''</SPAN></FONT></P>
<P class=MsoNormal align=left><FONT color=#ff0000
size=1><STRONG></STRONG></FONT></P>
<P class=MsoNormal align=center><FONT color=#ff0000><FONT face="Times New Roman"
size=3><STRONG><FONT face=Arial size=2><FONT
size=3></FONT> </FONT></STRONG></FONT><STRONG><FONT size=3>An immediate
watch is being issued right now. Anyone wondering why oil and gas companies are
one of the hottest sectors out there?</FONT></STRONG></FONT></P>
<P class=style9 align=center><STRONG><FONT color=#004000 size=4>Quest Oil
Corporation</FONT></STRONG></P>
<P class=style9 align=center><STRONG><FONT color=#004000
size=3>***QOIL***QOIL***QOIL***QOIL***QOIL***QOIL***QOIL***</FONT></STRONG></P>
<P class=style9 align=center><STRONG><FONT color=#ff0000 size=3>Important Recent
news,</FONT></STRONG></P>
<P class=style9 align=center><STRONG><FONT size=3>Quest Oil Successfully
Completes and Closes Acquisition of Acadia North Gas Reserve</FONT></STRONG></P>
<P class=style9 align=center><FONT size=2>Quest Oil Corporation (OTCBB:QOIL)
today announces that it has completed the acquisition to acquire a
<STRONG>100%</STRONG> working interest in the two-section Acadia North prospect,
located in Alberta, Canada. A third party reservoir engineering firm "Chapman
Engineering" confirms reserves proved and probable of 3 BCF with a revenue value
of $18 million. <FONT color=#ff0000>(Partial clip only. Go to yahoo to
read the entire release)</FONT></FONT></P>
<P class=style9 align=center><STRONG><FONT size=2>Quest Oil Appoints TransAction
as its Operator For its Acadia North Gas Project</FONT></STRONG></P>
<P class=style9 align=center><FONT size=2>Quest Oil Corporation (OTCBB:QOIL)
(www.questoil.com) announces the engagement of TransAction Oil & Gas
Ventures Inc. of Calgary, Alberta (TransAction) as their operators for the
Acadia North project. The agreement with TransAction will cover the drilling of
the test well, all follow up wells and other activity in the area. Herb Miller,
P.Geol., is the President of TransAction with over 46 years of experience. His
team includes such notables as Charlie Chapman of Chapman Petroleum Engineering.
<FONT color=#ff0000>(Partial clip only, go to Yahoo and read the entire
release)</FONT></FONT></P>
<H4 class=style4 align=justify>Mission Statement</H4>
<P class=style5 align=justify><FONT style="FONT-SIZE: 9pt">Quest Oil's mission
is to deliver a competitive and sustainable rate of return for our shareholders
by acquiring, exploring and delivering oil & gas properties around the
world.</FONT></P>
<H4 class=style4 align=justify>Their Strategy </H4>
<P class=style5 align=justify><SPAN style="FONT-SIZE: 9pt">Quest is a publicly
funded oil & gas company that maintains a balanced risk portfolio. We target
large impact projects with high net revenue interests, where risk has been
substantially reduced by meticulous technical evaluation and geophysics, where
applicable.</SPAN> </P>
<P class=style5 align=justify><SPAN style="FONT-SIZE: 9pt">Our primary goal is
to identify underdeveloped reservoirs achieving substantial growth with
efficient reservoir maintenance and innovative technology. Quest's expertise
implemented with strategic partnering insures high returns on investment and
substantial cash flow.</SPAN></P>
<H4 class=style4 align=justify>Corporate Profile </H4>
<P align=justify><SPAN class=style5><SPAN style="FONT-SIZE: 9pt">Quest's most
valuable resource is our wealth of successful experience from a highly qualified
team of seasoned professionals bringing over 100 years of experience with both
Major and Independent companies to the exploitation, exploration and production
of long-lived, high rate of return reserves. <BR><BR>By exhibiting our
creativity and balancing a tolerance for risk along with a relentless pursuit of
efficiency, we maintain a corporate culture that values originality and
invention while developing essential, long-term relationships via honesty, trust
and integrity.</SPAN></SPAN></P>
<P align=justify><SPAN class=style5><SPAN style="FONT-SIZE: 9pt">Make sure you
keep a keen eye on this company and add it to your radars now. The oil and
gas sectors are some of the hottest watches out there. Our opinion is,
after looking at the charts recent volume News and price activity,
<FONT size=3><STRONG>it's worth watching closely.<BR></STRONG></FONT><SPAN
class=714525100-20052005></P>
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