I thought this had relevant and what most of us think:After a...

I thought this had relevant and what most of us think:

After a longer than anticipated wait, Before QPN can run, it needed to establish land access, and importantly the 'rights' to oil & gas. This has been achieved. It took a while (as do many things in Indonesia) but as long as it is done legally and supports the company going forward, then this is diligent management when operating if newly developed/developing nations.

Currently, the market is slow for the junior oilers. That said, QPN has a lot going for it once we get a rig announcement and an estimate of spud date. They will be the catalysts for SP movement. IMHO, the SP movement will be significant at that time. Reasons for this include:

* target potential up to 59mmbbl or 340Bcf gas. This is a large target given the MC of Quest. Most traders prefer a high impact drill as it offers the possibility of a high impact return. QPN's drill offers this.

* the SP is still within range of historic low levels. Last year the SP hovered over 1c on anticipation of drilling. From here, that would be 100% return.

* If one takes the options as a guide (currently .002c for use at .015c), then punters are banking on .017c to break even. Clearly this is speculation on their behalf. That said, last year the SP hovered close to .012c on anticipation of drilling.

When the real things actually occurs...

* The leverage from such a low base price, and the % increase per .001c from this low base, should make it appealing for day-traders and speculators alike.

* QPN have potential drills to follow if implemented. This encourages punters who wish to hold through the drill and are not playing a BESBS (Buy Early Sell Before Spud) approach.

We should now start to see accumulation after the drill progression update, although probably not large SP movement. Bring on the rig contract and a spud date - then the real action begins.

I'm on board with Blowout preventer - QPN is about as good as it gets in the junior oiler species at this time.

I like most shall hold and wait the prospect could be extremely benefical to investors.