Quest Oil, Corp. (Pink Sheets: QOIL) is pleased to announce an update on the workover program conducted on the Hawkeye-Midkiff fields in Eastland County, Texas. Well hook-up was initiated with the installation of flow lines connected to 4 wells ready to and capable of producing as well as laying electric cable to the wells for electric motor hook-up. The electricity was recently supplied to these wells to initiate production. The wells have produced on a limited time due to the weather delays in commencing the workover program at a rate of oil production that was expected plus more.

Mr. Frank Grabs, VP of Operations and Director of Quest Oil commented, "Once we got past the weather delays we were able to complete our operations on the initial wells this week placing the wells into production. The crews will continue the ongoing workover program this coming week. Daily production rates will increase with the added wells we plan to place on line and produce."

More updates on the progress of the workover program will be issued next week.

About Quest Oil Corp.

Quest Oil Corporation. is an independent oil and gas exploration company that seeks to acquire and develop economically attractive and geologically sound properties that have, in management’s view, significant upside potential. Quest Oil Corporation is focused on the acquisition of properties that are currently in production, and on the development of new drilling opportunities. Quest Oil Corporation’s development strategy includes the implementation of state of the art technologies that are deployed to enhance and rework existing, highly predictable wells, within proven oil and gas plays. For more information, please visit www.questoil.com.

Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current Pinksheets.com filings and consult a registered broker dealer or contact the financial industry regulatory authority (“FINRA”) for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission.

Quest Oil (PK) (USOTC:QOIL)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024 Haga Click aquí para más Gráficas Quest Oil (PK).
Quest Oil (PK) (USOTC:QOIL)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024 Haga Click aquí para más Gráficas Quest Oil (PK).