Well what do you know !There I was wishing that QPN had some...

Well what do you know !
There I was wishing that QPN had some money to advance its share of at least one of the projected well somewhere and .....whamo !

US$600,000 CASH !!!!!!!!!!!!!!!!!!!!

And QPN has not had to sell too much of its acreage to do so. A sale of its 50% of a mere 8,500 leasehold and 3,000 option acres.

So that means that it has cash available now for at least one well.

I have estimated that a development well at Bullseye would cost QPN about US$260,000 on what information I have been able to glean.

So that amount of cash could support TWO development wells at Bullseye if that was the path chosen.

Alternatively it could be used for one of the other wells that have been indicated as being on the drawing board in California.

The day has dawned brighter !