Quest Oil Corporation Announces an Update on the Workover Program on the Hawkeye-Midkiff Fields
18 September 2010 - 7:51AM
Business Wire
Quest Oil, Corp. (Pink Sheets: QOIL) is pleased to announce an
update on the workover program conducted on the Hawkeye-Midkiff
fields in Eastland County, Texas. Well hook-up was initiated with
the installation of flow lines connected to 4 wells ready to and
capable of producing as well as laying electric cable to the wells
for electric motor hook-up. The electricity was recently supplied
to these wells to initiate production. The wells have produced on a
limited time due to the weather delays in commencing the workover
program at a rate of oil production that was expected plus
more.
Mr. Frank Grabs, VP of Operations and Director of Quest Oil
commented, "Once we got past the weather delays we were able to
complete our operations on the initial wells this week placing the
wells into production. The crews will continue the ongoing workover
program this coming week. Daily production rates will increase with
the added wells we plan to place on line and produce."
More updates on the progress of the workover program will be
issued next week.
About Quest Oil Corp.
Quest Oil Corporation. is an independent oil and gas exploration
company that seeks to acquire and develop economically attractive
and geologically sound properties that have, in management’s view,
significant upside potential. Quest Oil Corporation is focused on
the acquisition of properties that are currently in production, and
on the development of new drilling opportunities. Quest Oil
Corporation’s development strategy includes the implementation of
state of the art technologies that are deployed to enhance and
rework existing, highly predictable wells, within proven oil and
gas plays. For more information, please visit www.questoil.com.
Statements contained herein that are not historical facts are
forward-looking statements within the meaning of the Securities Act
of 1933, as amended. Those statements include statements regarding
the intent, belief or current expectations of the company and its
management. Such statements reflect management's current views, are
based on certain assumptions and involve risks and uncertainties.
Actual results, events, or performance may differ materially from
the above forward-looking statements due to a number of important
factors, and will be dependent upon a variety of factors,
including, but not limited to, the company's ability to obtain
additional financing and the demand for the company's products. Any
investment in the company would be extremely speculative and
involve a high degree of risk and should not be pursued unless the
investor could afford to lose their entire investment. Before
investing, please review this filing, all past public filings with
the SEC, all current Pinksheets.com filings and consult a
registered broker dealer or contact the financial industry
regulatory authority (“FINRA”) for more information regarding
locating a qualified party to assist in making an investment
decision. The company undertakes no obligation to publicly update
these forward-looking statements to reflect events or circumstances
that occur after the date hereof or to reflect any change in the
company's expectations with regard to these forward-looking
statements or the occurrence of unanticipated events. Factors that
may impact the company's success are more fully disclosed in the
company's most recent public filings with the U.S. Securities and
Exchange Commission.
Quest Oil (PK) (USOTC:QOIL)
Historical Stock Chart
From Oct 2024 to Nov 2024
Quest Oil (PK) (USOTC:QOIL)
Historical Stock Chart
From Nov 2023 to Nov 2024
