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Re: QPN - Quest Petroleum

Hi all

Anyone still I this ?

This is an extract from annual report on 1st nov

The Company has now received the necessary approvals from the Indonesia Energy Regulator, BPMIGAS, to commence drilling at the first prospect, the Kayumanis-1 Well, in the highly prospective Komering Basin. The Company expects to execute the drilling contract shortly and has announced a targeted spud date for the first well of December this year.
The Kayumanis-1 Lead Prospect is one of 16 leads indentified in the Ranau PSC with combined potential of up to 6Tcf gas and/or 300 mmbbl oil. The Kayumanis-1 lead Prospect potential alone is estimated at up to 59mmbbl or 340Bcf gas.

Am I the only one that can see value here? 12million market cap, cap raising of about 2.5million at .006 and should have 5 million cash and about to announce drilling Dec targeting equivalent to 300million bbl oil ....?

Sounds like a good BESBs story?

<blockquote data-quote="urgalzmine" data-source="post: 739727" data-attributes="member: 15155">Re: QPN - Quest PetroleumHi allAnyone still I this ?This is an extract from annual report on 1st novThe Company has now received the necessary approvals from the Indonesia Energy Regulator, BPMIGAS, to commence drilling at the first prospect, the Kayumanis-1 Well, in the highly prospective Komering Basin. The Company expects to execute the drilling contract shortly and has announced a targeted spud date for the first well of December this year.The Kayumanis-1 Lead Prospect is one of 16 leads indentified in the Ranau PSC with combined potential of up to 6Tcf gas and/or 300 mmbbl oil. The Kayumanis-1 lead Prospect potential alone is estimated at up to 59mmbbl or 340Bcf gas.Am I the only one that can see value here? 12million market cap, cap raising of about 2.5million at .006 and should have 5 million cash and about to announce drilling Dec targeting equivalent to 300million bbl oil ....?Sounds like a good BESBs story?</blockquote>

[QUOTE="urgalzmine, post: 739727, member: 15155"] [b]Re: QPN - Quest Petroleum[/b] Hi all Anyone still I this ? This is an extract from annual report on 1st nov The Company has now received the necessary approvals from the Indonesia Energy Regulator, BPMIGAS, to commence drilling at the first prospect, the Kayumanis-1 Well, in the highly prospective Komering Basin. The Company expects to execute the drilling contract shortly and has announced a targeted spud date for the first well of December this year. [B]The Kayumanis-1 Lead Prospect is one of 16 leads indentified in the Ranau PSC with combined potential of up to 6Tcf gas and/or 300 mmbbl oil. The Kayumanis-1 lead Prospect potential alone is estimated at up to 59mmbbl or 340Bcf gas.[/B] Am I the only one that can see value here? 12million market cap, cap raising of about 2.5million at .006 and should have 5 million cash and about to announce drilling Dec targeting equivalent to 300million bbl oil ....? Sounds like a good BESBs story? [/QUOTE]

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