QPN 27.3% 0.8¢ quest petroleum nl

7.5% free carried amazon target 125mbls oil eq, page-17

  1. 8,079 Posts.
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    Garyplums :- "Mainly in QPN for Amazon - Is there other projects underway currently or near future ?"

    Besides the answer that Fiendishredbeard gave you Gary I could perhaps add a couple of observations.

    QPN has had a 5% WI in the Bullseye prospect with GGP and others for the last couple of years. That has been its main (only) cashflow so far in recent times.

    Some months ago it traded off all its positions in its Californian acreages for money and some shares in at least one instance (in SGY).
    SGY is talking about drilling the Guijarral Hills prospect which , if it was done before QPN gets to sell the SGY shares, could see a benefit to QPN if GH proved commercial.

    Certainly, the move to get 7.5% of "Amazon" or Arran will most likely be followed by an increase to 10% of that at casing point.
    If Amazon/Arran is successful then QPN will most likely be involved with Thames on the same basis (7.5% then increased to 10% before TD)

    I wouldn't be surprised to see QPN involved in another Louisiana/Texas play with GGP or Caza Petroleum if September / October drilling goes well.
 
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