monster well spud date-dec 18th

-qpn day traders, investors and potential investors please beware that our latest valuation of 12.5cnts per share on success at amazon from our latest broker report is not a realistic valuation tool as the upside potential is far greater than reported in the peter stratcham report

in the report, we have been given a 3.9 cps risked exploration valuation with a modest upside valuation of over 10 cps at moderate success at p50 level. dont be fooled individuals- the valuation metrics used by the stratcham broker report is using the assumptions of oil being $22/barrel and gas at $1.6 mcf in calculating the projects NPV- FYI

EIA expects the price of West Texas Intermediate (WTI) crude oil to average about $84 per barrel this winter (October 1 2010 to March 31 2011). With projected WTI prices to rise to $89 per barrel by the end of 2011. Currently WTI is sitting at just below $80/barrel-(sourcehttp://www.eia.doe.gov/steo/

Additionally, the report assumes gas prices of $1.60mcf and $1.70mcf in calculating our NPV's. From the link provided below, you will be able to view a graph which shows that gas prices bottomed at the helm of the GFC at $1.60 only to have bounced considerably since to be almost $3.00 at present with forward projections that it will continue its upward momentum. http://www.eia.doe.gov/petroleum/data_publications/wrgp/mogas_home_page.html

commodity traders and those following the fundamentals and prices of these essential commodities will be very aware that these prices are very very conservative to say the least - not to mention quite unrealistic . so do your own homework and realise that our valuation given by the latest broker report is far from accurate- i would even suggest to some extent to say that it is quite misleading assuming that we cant use a $22/barrel oil price in a forward looking timeframe and $1.60 mcf gas price

*firm confirmation now confirmed from caza petroleum so we now know that 18th december 2010 will be the day that the action commences. mr 13million sell order at $1.7c, i wish i wasnt so committed in qpn and my portfolio as a whole or i would just take you out in one hit, so that the speedhump you have created will be removed and you will allow qpn to reach for the blue skys ahead of it, it so desperatly wants to achieve had you not created this massive roadblock- as much as the asx like to ascertain that their is great transperancy and no insider trading on the asx- when you see a sell order for 13 million shares at a considerable discount to what it should be worth, it is clear as day to me that this sell order is clearly a broker ( or should i say a so called sophisticated investor) wishing to dump 13million shares at 1.7 cps only to pick up his full allocation at 1.3cps- mind you i could be wrong and am happy to be proved wrong

great presentation by qpn- followed up by an announcement today which would have set qpn on its way towards 2c a share easily but unfortunatly, mr 1.7 cps has killed any upward momentum which should have propelled qpn higher today upon firm confirmation that drilling stations are go-must admit how angry i am that as shareholders we have had great announcements and presos not to mention our latest broker report which should have got us to at least 2cps pre spud- however the timing of our latest CR has in fact created any upward traction to not eventuate-

As shareholders we cannot say that the capital raising venture was ill-timed or un-necessary because lets face facts- in the near term we would have to go to markets either way to either fund for development programs at amazon should it be commercial- or to fund our exploration in south sumatra. Management have acted in good faith by initiating a CR even if it is at a considerable discount to our current shareprice- but it is still in excess of the 0.007 days which qpn was sitting at not too far away so we should be glad about this-

Rest assured qpn holders that based on extensive research on the local area and the forward looking plans for this company, I have great faith that qpn management have acted in the best interests of all shareholders and believe that those willing to hold for the medium-longer term will be rewarded handsomely. Of course there are many holding short term on the potential short term gains qpn could provide with drilling at Amazon very close, but the reasons to stay in qpn is long and many and the insert from the latest peter stratcham broker report should offer enough confidence in the fundamental change of strategy which qpn are now looking to achieve -

" QPN is now balancing its production and development interests with near term, high impact exploration and longer term project generation activities"

Many posters have continued to compare us to vil, on the chance of running up to 10cps on shows of gas along our drilling campaign. Dont be fooled by this comparison as we are much more diversified in our activities- we are currently already a producing company and have strong leads in a proven hydrocarbon basin in south sumatra which have already discovered some 12 billion barrels of oil-

The exciting thing about qpn is that they are an exploration and production company- not a company with one high impact well which success is relied upon. The fact that they are looking to recomplete another exploration well at bullseye and possibly put online another production well there shows that they are an aggressive company looking to generate meaningful revenue whlst continuing exploration activities.

Lastly, and the most reassuring fact that gives me some degree of confidence in the short term that qpn will be higher than we are at present is the fact that should the qpno options hit their exercise price of 2.5cps- qpn will obtain an extra $13.9 million to fund further asset acquisitions of high impact exploration targets and to also spend aggressively on our south sumatra assets without further dilution from capital raisings. with the opportunities that this extra $13.9 million would offer qpn, i would say it is a very safe bet management will be doing their very best efforts to make sure the heads are in the money come march 2011-

dont be fooled of the qpn story because it is not a one hit wonder- it is re-establishing itself with a high impact well spudding in less than a fortnight and an aggressive 2011 drilling schedule which could provide additional producing revenue on well workovers at bullseye-

dyor as usual but dont leave it too late in my opinion because once my 11 million at 1.7 cps is taken out, the brakes will be off and the pre spud festivities should commence