ARLINGTON, Texas, Feb. 25, 2005 (PRIMEZONE) -- Quest Oil Corporation (OTCBB:QOIL) (www.questoil.com) announces the engagement of TransAction Oil & Gas Ventures Inc. of Calgary, Alberta (TransAction) as their operators for the Acadia North project. The agreement with TransAction will cover the drilling of the test well, all follow up wells and other activity in the area. Herb Miller, P.Geol., is the President of TransAction with over 46 years of experience. His team includes such notables as Charlie Chapman of Chapman Petroleum Engineering.
This announcement comes on the heels of Quest finalizing the acquisition of Acadia North. Acadia North is a natural gas prospect 160 miles east of Calgary, Alberta with proved and probable of 3 BCF with a revenue value of $18 million. Upon final approval by Quest of the Authorization for Expenditure (AFE), TransAction will undertake to manage the organization and drilling of the first test well at Acadia North. Atlantic will be calling for drilling rig deployment upon completion of survey and permitting.
About Quest Oil Corporation
The Company is committed to the exploration and extensive development of oil and natural gas reserves throughout North America. Company management is focused on an acquisition program targeting high quality, low risk prospects provided through key strategic alliance partnerships. Participating in the development of North American oil and gas resources is becoming more necessary in the upstream industry and is consistent with Quest's growth strategy going forward.
ON BEHALF OF THE BOARD Quest Oil Corporation Mr. Roderick Bartlett, President and CEO
To find out more about Quest Oil Corporation (OTCBB:QOIL), visit our website at www.questoil.com.
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