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From: | Debra |
Subject: | Major financial News for this Oil and Gas Co. |
Date: | Fri, 20 May 2005 11:43:05 -0800 |
Looking for a company with some good news that just came out today? Here's one! Major Financial NEWS was released Today Quest Oil Closes Initial Funding For Acadia Gas Project ARLINGTON, Texas, May 19, 2005 (PRIMEZONE) -- Quest Oil Corporation (OTC BB:QOIL.OB) is pleased to announce the successful closing of $750,000 in financing that will be used for the Acadia North Gas Project. Please see today's 8K for more detail. 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 $750,000 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.''
An immediate watch is being issued right now. Anyone wondering why oil and gas companies are one of the hottest sectors out there? Quest Oil Corporation ***QOIL***QOIL***QOIL***QOIL***QOIL***QOIL***QOIL*** Important Recent news, Quest Oil Successfully Completes and Closes Acquisition of Acadia North Gas Reserve Quest Oil Corporation (OTCBB:QOIL) today announces that it has completed the acquisition to acquire a 100% 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. (Partial clip only. Go to yahoo to read the entire release) Quest Oil Appoints TransAction as its Operator For its Acadia North Gas Project 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. (Partial clip only, go to Yahoo and read the entire release) Mission StatementQuest 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. Their StrategyQuest 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. 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. Corporate ProfileQuest'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. 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,
it's worth watching closely. Information within this email contains "forwardlooking statements" within the meaning of Section 27Aof the Securities Act of 1933 and Section 21B of theSecurities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans,projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements."Forwardlooking statements are based on expectations,estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as"projects", "foresee", "expects", "will,""anticipates," "estimates," "believes," "understands"or that by statements indicating certain actions"may," "could," or "might" occur. Risk factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors overwhich the company has little or no control. The publisher of this newsletter does not represent that the information contained in this message states all material facts or does not omit a material fact necessary to make the statements therein not misleading. All information provided within this email pertaining to investing, stocks, securities must be understood as information provided and not investment advice. The publisher of this newsletter advises all readers and subscribers to seek advice from a registered professional securities representative before deciding to trade in stocks featured within this email. None of the material within this report shall be construed as any kind of investment advice or solicitation. Many of these companies are on the verge of bankruptcy. You can lose all your money by investing in this stock. We urge you to read the company's SEC filings now, before you invest. The publisher of this newsletter is not a registered investment advisor. Subscribers should not view information herein as legal, tax, accounting or investment advice. In compliance with the SecuritiesAct of 1933, Section 17(b),The publisher of this newsletter is contracted to receive free trading shares from a third party, not an officer,director or affiliate shareholder for the circulation of this report. Be aware of an inherent conflict of interest resulting from such compensation due to the fact that this is a paid advertisement and is not without bias.The party that paid us has a position in the stock they will sell at anytime without notice.This could have a negative impact on the price of the stock, causing you to lose money. All factual information in this report was gathered from public sources, including but not limited to SEC filings,Company Websites and Company Press Releases. The publisher of this newsletter believes this informationto be reliable but can make no guarantee as to its accuracy or completeness. Use of the material within this email constitutes your acceptance of these terms. |
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