Thanks Malmac that is a good read and not over the top as some...

Thanks Malmac that is a good read and not over the top as some articles tend to be.

I liked the comment "While the permit is virtually unexplored, existing oil and gas wells in surrounding permits and observed oil seeps provide evidence for a proven petroleum system".

and also ; "However, if there were a commercial discovery at Kayumanis, factoring in the Base Case project economics would see an IRR of 69.2% and an NPV of US$191 million. This is very heady given the current market valuation of Quest sitting at $12.2 million and demonstrates the risk/reward equation is very promising indeed.

At this level of valuation, Quest could be expected to gain a lift in valuation with the onset of exploration and spudding of its first well.

This provides significant upside potential for an investor from the current share price for those understanding the risk/return potential of oil and gas investment."

I might just grab a few more before they spud. DYOR