Ann: Broker Research Report , page-11

Just reading report and I've made the following points which I find very impressive;



* Secured exploration acreage in onshore the South Sumatran Basin in Indonesia in 2011

*All five of the world’s largest publicly listed oil and gas companies (ExxonMobil, BP, Total, Chevron, and Shell) either operate or have expressed interest in further investment in Indonesia

*Santos is a neighbour to Quest Petroleum

*Saxon Palmer will be leading Quest though their exploration,&who was the exploration Manager Australia/Asia and Portfolio Manager for BHP Billiton. 

*John Simpson is a new addition to the board & he also chairs ASX listed Peninsula Energy (PEN.asx), a uranium stock.

* Indonesia’s State-owned petroleum company -   Pertamina EP - announced on the 20th February 2012 a new gas and condensate discovery in the Lavatera-1 well in the Pagardewa area of South Sumatra on 20th February 2012

*The Lavatera-1 well flowed 5.7 million cubic feet per day during production testing' & 
 Pertamina will prepare a production scheme for the Lavatera-1 well in early 2013

*This new discovery was made approximately 50km to the north of Quest’s owned Ranau PSC. 

*Quest will will spend  $6 million over the coming 12 months purely at the Ranau PSC,& the first vertical well will be drilled in June 2012.

*infrastructure nearby, with the South Sumatra-West Java pipeline, which is operated by state gas distributor PGN




Well, that's a second o&g company now in my portfolio, and very happy with it.

Holding; ANP,GGP,LOM,QPN