california action

QPN has now taken several steps in California through a swap and sale agreement with Salinas Energy.

1. Salinas will acquire a 30% working interest in the Guoijarral Hills Project

2. Salianas will also aquire 50% working interest in certain Kettlrman acreage.
QPN has retained a 10% working interest back in right in the event of a well being drilled in 2009 and a few other conditions



Now QPN will be getting :

1. 12.5% in the Osso Bucco project
2. 12.5% in the Merlot project


So some real action coming up