HOUSTON, Jan. 11, 2006 (PRIMEZONE) -- Quest Oil Corporation (OTCBB:QOIL) (www.questoil.com) is pleased to announce the completion of the Acadia North 3D seismic acquisition program. The program consisted of a total acquisition of 25.7 sq. kms (10 sq. miles), of which, seven square miles of 3D seismic collected over the Arneson area Viking A pool and three additional square miles over the company's new acreage acquisitions in the last Alberta Crown Land sale, held on November 16, 2005. All of Quest's Acadia North holdings are now covered by a modern 3D seismic data set.
The acquisition represents a significant step in unraveling the complex reservoir architecture of the prolific Upper Albian-age Viking sands in the area currently producing in the Quest 10-22 well.
The data is currently being processed by N.S. Neidell and Associates. Dr. Neidell, a co-founder of Geoquest and one of the premier geoscientist in the oil and gas industry. In addition to completing his PhD at Cambridge, Dr. Neidell has several decades of experience in hydrocarbon reservoir delineation using seismic methods, served as an expert witness on cases involving oil and gas exploration and patents. Dr. Neidell has served as a distinguished lecturer for the professional oil and gas societies, the SEG (Society of Exploration Geophysicists) and the AAPG (American Association of Petroleum Geologists).
Bill Stinson, Quest Oil COO, stated, "Norman Neidell and I have known each other for several years. Imaging these kinds of sands is the kind of project that is right up his alley and our goal here is to directly image the Viking sands. We'd like to come up with as realistic a picture as we can of what the remaining marketable reserves of this pool are. Our current stratigraphic picture indicates that these sands are shore face sands oriented in a NE-SW direction. We estimate that a properly located vertical well should be able to produce a minimum of 2 BCF of gas. Our vertically-drilled 10-22 well in the Viking sand pool is producing like gangbusters for us and we're pretty confident of achieving that 2 BCF threshold. From the geological perspective, we have a good idea why this well is so productive and we think there are other areas on our acreage that are more prolific, provided we can determine the precise orientation of the Viking sand bodies based on the seismic. We believe our acreage alone may contain some 20 BCF of recoverable gas and we're currently working on a drilling program that includes the drilling of some horizontal wells and may include a dual lateral."
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., Wallstin Petroleum LLC and PetroStar Oil Services, Inc.
ON BEHALF OF THE BOARD Quest Oil Corporation. "Cameron King" Cameron King MBA - President and CEO
To find out more about Quest Oil Corporation (OTCBB:QOIL), visit our website at www.questoil.com.
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