? Quest Petroleum Ltd(?Quest?) farmed into the Amazon and Thames Prospects for a 15% working interest ? Amazon and Thames are two prospects located in South Louisiana which contains a world class proven hydrocarbon system with oil, condensate and gas production ? Field sizes in the immediate area range from 50 BCF to ?giant? ? Three large fields produce from same age rocks as the primary objective at Amazon and Thames ? Oligocene Frio Formation (Miogyp Sandstone) ? Riceville Oil Field: produced over 134 BCF of gas and 4.4 MMBBLS of condensate ? South Thornwell Field: produced 700 BCF of gas and 15 MMBBLS of condensate ? Chalkey Field: produced 360 BCF of gas and 17 MMBBLS of condensate ? The field sizes mentioned above are in line with estimates of the first prospect to be drilled, Amazon, which has Mean Reserve Potential of 375 BCF of gas and 38 MMBBLS of condensate 2 Major Prospects Ready to Drill Quest is participating in the drilling of the large Amazon gas prospect in February 2011, with the option of a follow‐on target of Thames upon exploration success
QPN Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held