pre open - announcement coming, page-3

Highlights
? 3 high priority leads planned to be drilled in calendar 2012
? Initial target to be the Komering Lead with target potential of 340 Bcf gas
? High profile addition to the Quest board with appointment of highly regarded Indonesian oil and gas identity
(Mochamad Thamrin) Deputy Chairman of Quest and Technical Adviser to Prabu Energy
Activity Update
The Company has recently appointed a project manager Mr. Rusdiyo Harjodarsono based in Indonesia to manage the
exploration program. The Joint Study prioritised 3 high priority leads located within the Jaya sub-Basin . A review of the
existing data has confirmed the Company’s intention to commence drilling prior to June 30, 2012. Quest has
commenced discussions with drilling contractors and expects to negotiate and sign a 650HP or 750HP onshore drilling rig
to be deployed in the Ranua area by June 2012. It is expected that Quest will contract for a 3 well programme aimed at
testing the Komering Lead plus the Sawat and Tabat leads.