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Re: QPN - Quest PetroleumDrilling approval now in place, mobilisation of teams and equipment to site already underway for drilling in December. Today two directors taking up their rights with their own cash.People can see this anyway they want. However with what is front of me regarding the Ranau PSC in the Sth Sumatra Basin I see this as a very high risk reward play. Already had one good run on QPN and this IMO will prove to be a far better one should they strike gas and/or oil as is expected. If they don't, it will be trounced on, nothing more certain.They are also now in line for the direct offer of the adjoining highly prospective Bima Sakti PSC, closing date 27/11/2012. As they have the Indonesian national connection of Mochamad Thamrin of Prabu Energy (80% owned by QPN), they are also likely to receive priority consideration.
Re: QPN - Quest Petroleum
Drilling approval now in place, mobilisation of teams and equipment to site already underway for drilling in December. Today two directors taking up their rights with their own cash.
People can see this anyway they want. However with what is front of me regarding the Ranau PSC in the Sth Sumatra Basin I see this as a very high risk reward play. Already had one good run on QPN and this IMO will prove to be a far better one should they strike gas and/or oil as is expected. If they don't, it will be trounced on, nothing more certain.
They are also now in line for the direct offer of the adjoining highly prospective Bima Sakti PSC, closing date 27/11/2012. As they have the Indonesian national connection of Mochamad Thamrin of Prabu Energy (80% owned by QPN), they are also likely to receive priority consideration.
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