I thought the below article posted recently by Mining Weekly Com...

I thought the below article posted recently by Mining Weekly Com back on 10 Dec 2012 seems to sum up an interesting and a potential positive year 2013 QPN and their stakeholders/Investors

Anyway goodluck looks like the weather in South Sumartra and other areas of Indo is slowly getting better

Now the funds for drilling have been raised,we all await the next steps from the company and their strategy and project plans around drilling for this year and going forward.We all understand it has to managed correctly and sometimes this takes time,with other stakeholder parties involved.

Article:
Quest Petroleum NL is pleased to announce that it has entered into a strategic partnership with Moyes & Co to facilitate the Company’s plans to evaluate and if found suitable acquire producing oil and gas assets in Indonesia that will complement its existing development strategy at the Ranau Projects in South Sumatra. Moyes & Co is an oil and gas focused advisory firm with a strong international reputation. The Moyes team will utilize its deep technical skills to provide a range of services including evaluation, independent third party assessment of selected assets, technical and legal due diligence on acquisitions and assist in acquisition and production funding at the asset level.
The Company, due to the far reaching contact and relationship base of the Deputy Chairman and his family, is receiving numerous proposals to participate in existing production assets in Sumatra and West Java that could compliment the Companies ambition to become a significant hydrocarbon producer in the short term.

This has necessitated the generation of an expanded business plan, project acquisition, funding strategy, the involvement of Moyes & Co and their assistance to facilitate funding at the asset level. This will minimize dilution in the corporate entity and will allow the Company to participate in some of the multiple projects on offer from parties associated with our Indonesian partners in PrabuEnergy.

Exploration and Development of Ranau PSC
• Ranau PSC is located in a prolific oil region adjacent to existing production
• Over the next twelve months we plan to drill three wells
• Complete seismic over identified hydrocarbon occurrences
Acquisition of Producing Assets
• Build a production base through acquisitions of production assets with existing or near term cash flow
Acquire Additional Blocks
• Indentify and exploit new petroleum systems and revisit established basins in Sumatra and Java
• Leverage management’s extensive experience in geology and industry processes in Indonesia
• Continue conducting joint studies with Trisakti University to identify further acquisition opportunities

Quest Managing Director Anthony Milewski stated "The appointment of Moyes and Co brings world class technical skills and an independent third party perspective that will facilitate the implementation of our expanded business plan."