Yes I agree we know Quest are nearly there,no tthe last part unexplored and look at their neighbours competitors all around them striking gaS and oiL!!!
Reference Natural Gas Asia
Reminder:
Quest Petroleum has identified four new and very lightly explored sub-Basins within the Ranau Production Sharing Contract (PSC) in South Sumatra, Indonesia, with potential for oil and gas.
A joint study was carried out between Quest’s 80%-owned Prabu Energy and the Geology Department of Trisakti University, an Indonesian educational institution focused on the oil and gas industry.
These new sub-Basins form a significant extension of the prolific South Sumatra Basin and contain up to 3 kilometres of sediment.
The joint study comprised geophysical, geological and geochemical data from in and around the area, obtained from Indonesia’s main technical data repository, Patra Nusa Data.
As a result of the study, Quest has determined that the sub-Basins have sufficient thermal maturity to generate oil and gas.
In addition, the study delineated four structural leads within the Jaya and Ratu sub-Basins that Quest will further define as drill targets with 2D seismic, prior to the start of drilling later this year 2013.
The Ranau PSC covers a large area of 2,123 square kilometres in a hydrocarbon rich region, and is virtually unexplored.
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Yes I agree we know Quest are nearly there,no tthe last part...
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