ARLINGTON, Texas, Aug. 15, 2005 (PRIMEZONE) -- Quest Oil Corporation (OTCBB:QOIL) is pleased to announce the Company has acquired a 100% working interest in the Empress Project, located 160 miles east of Calgary, Alberta. Empress consists of 4 sections of Crown P&NG rights where Quest Oil is acquiring a 100% working interest in 4 sections upon the drilling of well 12-15 24-2W4M. The Empress Project holds the lease rights from surface to basement entailing five known production zones: Bakken, Banff, Detrital, Colony and Viking. Well "12-15" will be operated by Transaction Oil and Gas Ventures Inc. Transaction is already is in possession of well license and permits and has a confirmed spud date of August 16, 2005. Quest Oil has retained Mr. Richard Johnson as Project Advisor, who was instrumental in locating the Acadia North "10-22" gas well.
Quest Oil President and CEO Cameron King states, "The Empress Project is a feather in our cap. With a very successful Acadia Project soon to be in production, we are being offered quality projects with substantial upside potential allowing for high ROI results. Empress is one project that consists of four (4) sections with reserves and a recent discovery immediately to the east of the "12-15" well. Empress is a project that fits our strategy of low risk and high return."
The Empress Project is subject to a 18% GORR (Gross Override Royalty Rate). All lands are Crown and are subject to usual Crown royalty.
ABOUT QUEST OIL CORPORATION
The Company is committed to the exploration and development of economical oil and natural gas reserves globally. Quest management is focused on an acquisition program targeting high quality and low risk prospects. Initially, Quest is focused on the development of North American oil and gas resources, allowing highly leveraged production opportunities in Alberta and Texas through its 100% owned subsidiaries Quest Canada Corp. and Wallstin Petroleum LLC.
ON BEHALF OF THE BOARD
Quest Oil Corporation "Cameron King" Cameron King, MBA - Director
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