ARLINGTON, Texas, Aug. 4, 2005 (PRIMEZONE) -- Quest Oil Corporation ("Quest" or the "Company") (OTCBB:QOIL) announces that the drilling of the Acadia North 15-34-25-2 W4 gas well has reached a depth at 733.7 meters and has completed cementing in production casing. Operator, Transaction Oil and Gas Services advised today that well is 15 (fifteen) feet above the Viking sand gas reservoir and the drill rig has been stripped out allowing for logging and pressure testing.
Quest Project Engineer, Richard Johnson P.Eng. will be organizing the completion of wells "10-22" and "15-34" within days. The Company has scheduled an Endless Tubing Unit (ETU), for the perforating of both holes and well head installation. Upon installation of well head, the Operator will tie-in the wells to nearby Alta Gas pipelines, which are approximately one quarter mile from each gas well.
Quest President and CEO, Cameron King MBA, asserts "production is the name of the game and Quest is in the final stages of proving up the Acadia North project. Completion of these wells within the next few days will establish the ongoing fundamentals for the Company and cash flow will allow us grow and acquire additional properties in Alberta."
ABOUT QUEST OIL CORPORATION
The Company is committed to the exploration and development of economical oil and natural gas reserves globally. Initially Quest Oil 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
To find out more about Quest Oil Corporation (OTCBB:QOIL), visit our Website at www.questoil.com.
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Quest Oil Corporation has little or no control.