Prospects are supported by analogous nearby field discoveries...

Prospects are supported by analogous nearby field discoveries and direct hydrocarbon indicators on 3D seismic data

The company?s technical consultants apply a 35% probability of success to Amazon,which makes it low to moderate risk

The Amazon prospect is estimated to be capable of holding 30 mmbbls of oil/ condensate plus 300 Bcf of gas at the P50 level, if hydrocarbons are present

Quest and its partners have completed a detailed study of historic well logs and production results from adjacent field data as well as seismic survey data in South Louisiana, to assess the hydrocarbon potential of two selected prospects. This process identified more than 20
leads and prospects in both new and proven play fairways. License areas have abundant shallow well data, but no well over the prospect areas has been drilled to intersect the
deeper Miogyp Sandstone reservoirs within the Oligocene Frio Formation