Interesting to John Campbell's Oiler's Weekly mention QPN this week in his reviews. We won't divulge information as it is a subscription publication but it is another sign that a growing number of professional publications are growing interested in QPN's 2013 projects. Given John's specialty in the oil & gas sector, its very interesting to see. Looking forward to a BESBS run soon.
reference Quest Petroleum: DRILLING PROGRAMME IN JAYA SUB-BASIN, SOUTH SUMATRA BROUGHT FORWARD AND NEW BOARD AND MANAGEMENT APPOINTMENTS Highlights 3 high priority leads planned to be drilled in calendar 2013 Initial target to be the Komering Lead with target potential of 340 Bcf gas High profile addition to the Quest board with appointment of highly regarded Indonesian oil and gas identity (Mochamad Thamrin) Deputy Chairman of Quest and Technical Adviser to Prabu Energy
Activity Update The Company has recently appointed a project manager Mr. Rusdiyo Harjodarsono based in Indonesia to manage the exploration program. The Joint Study prioritised 3 high priority leads located within the Jaya sub-basin . A review of the existing data has confirmed the Company’s intention to commence drilling prior to June 30, 2013. Quest has commenced discussions with drilling contractors and expects to negotiate and sign a 650HP or 750HP onshore drilling rig to be deployed in the Ranua area soon. It is expected that Quest will contract for a 3 well programme aimed at testing the Komering Lead plus the Sawat and Tabat leads.
Board Appointments Quest Petroleum NL (Company) is pleased to announce the appointment of Mr.Mochamad Thamrin as Deputy Chairman of the Company and Senior Technical Advisor of its subsidiary PrabuEnergy Pty Ltd (PrabuEnergy).
Mr.Thamrin is a leading industry professional with a deep knowledge of South Sumatra
QPN Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held