- QOIL rose 7% today & had yet another very active day, with almost 400M shares that exchanged hands!
- QOIL also announced some even more good news regarding their current drilling project, as well as a brand new project in West Texas!
It could only be a matter of time until we see QOIL jump to brand new heights!
1) QOIL just announced the negotiations for the acquisition of oil properties in West Texas
"Quest Oil, Corp. (QOIL) is in advanced negotiations for the acquisition of a highly prospective oil lease in Concho County of West Texas.
The West Texas lease has 640 acres with 2 existing wells capable of production with simple and inexpensive work-over techniques. The importance of this lease is its upside potential for drilling new oil wells and the expansion of the acreage on all sides. The area has undergone substantial geophysical and engineering validating the area as prolific. The Company has interpreted data that resulted in identifying four new drilling locations. Historically, new wells drilled in the area have an IP (initial production) of 150 to 200 bopd at a depth of 3,600’.
Company CEO, Mr. Joe Wallen, advises, “Although the lease is not significant in size it does have tremendous opportunities related to its location and the Company’s plan for drilling high IP targets with a history of slow production decline curves.”"
As we can all see, QOIL is doing a fantastic job in researching and identifying new projects, as well as in acting as quickly and efficiently as possible to monetize them.
QOIL's management is very solid in order to both focus on their current drilling projects, and at the same time focus on acquiring other prospective oil leases.
Management is extremely important in a company, and we are very proud to see just how quick and efficientQOIL's management is at making important decisions.
2) QOIL announced Today the initial stage of the drilling program on the Hawkeye-Midkiff Fields!
"Quest Oil, Corp. (QOIL) is pleased to announce that its engineering team has begun its drilling program evaluation for the Hawkeye-Midkiff fields. The drilling program will be determined from the use of the hydrocarbon imaging plat that has been completed as well as geological studies. The initial drilling well location has been picked with the survey and construction of the location to be completed prior to drilling. We are in discussions with drilling contractors to determine the availability and time frame for a drilling rig.
Joe Wallen, CEO of Quest Oil, commented, “We are excited about the potential of our drilling program. With the use of the hydrocarbon imaging plat in helping to determine our drilling strategy we feel confident this will allow us to be successful in drilling. We are also confident that we can increase production from the drilling as well as from the workover program.”"
Everyone is very excited to get this project started, and QOIL is not wasting any time in starting it!
Any day now, we will receive news that QOIL has begun drilling. At this rate it will be sooner rather than later.!
Once this has started, who knows what surprises might await for QOIL as well as for investors!
We're very excited to see where QOIL is headed with these promising projects!
We could see QOIL jump at any given moment! Make sure not to miss the boat on QOIL!
QOIL definitely has the potential to jump to its previous levels, and reach "penny status" once again with all these new and promising projects!
Should QOIL achieve this, we could see easy gains of well over 200%!
Nothing would make us happier than to give our subscribers yet another triple-digit gainer, and with all the promising news that QOIL is releasing as of late, it very well might be possible to see QOIL jump high!
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For those of you who missed our initial alerts on QOIL, continue reading below:
QOIL released 3 Separate PRs on Wednesday, all of which explained the progress that the company is making with their new drilling location (Hawkeye and Midkiff) & provided updates on this potentially huge project!
Here is what happened with QOIL on Wednesday: (Make sure to read all of it, because this news is BIG!)
1) Wednesday morning at around 7AM, QOIL announced the identification of 192 Wells and Viable Rework Prospects at Hawkeye and Midkiff
This isn't one, this isn't two, this is literally one-hundred-and-ninety-two (192) Wells and Prospects in the area!
Should any one of these prospects be viable and profitable (and odds are that more than just one will be), QOILcould jump to levels we have never seen before!
QOIL's CEO Joe Wallen also commented: “Management have extensive “boots-on-the-ground” experience in the basins of west and central Texas, and believe that the Hawkeye - Midkiff area have outstanding exploration and development potential.""
2) Afterwards at around 2PM, QOIL released their inital imaging results from these Wells
These results could not have been better. They "revealed a large, previously unknown anomaly within the Company's leases at the Hawkeye and Midkiff Fields."
For those of you who aren't aware, an anomaly is a very, very good thing for a drilling company!
It means that there is something in these Wells that is definitely worth drilling for.
3) Finally at around 5PM on Wednesday, QOIL announced the Phase 1 drilling program on the first 50 Wells!
QOIL is definitely not wasting any time with this! It seems as if they know exactly how much potential these Wells have, and they do not want to wait a single day before starting the project.
"The objective of the work-over program is to sharply increase current well output via a variety of remedial treatments, stimulation methods and technologies. Utilizing best practices the expectations are to stimulate these wells to improving production from 100 to 300 BOPD."
CEO Joe Wallen once again commented: "We are excited about the implementation of our revitalization program. By replacing rods, pumps and chemical acid treatment of the perforations will dramatically increase oil production. We are confident that we can increase production from a majority of the wells that will be subject to our work-over program."
We are extremely pleased to see the how serious QOIL is about this project, and how quick they are to put the plans into action!
Usually, days, weeks or even months pass between each of these great announcements, and before a company such as QOIL moves from identification, to testing, and then to drilling status!
We believe that our members are extremely fortunate to follow a company that has the opportunity to release 3 incredible PRs in just 1 day!
You can read all of the PRs for yourself in Yahoo Finance (which is doing a fantastic job keeping up with the great news that QOIL is releasing!)
With all this great news, there has never been a better time to look at QOIL!
On Tuesday, QOIL traded over 1 billion shares , setting a brand new record for our newsletter!
We already mentioned that sub-pennies are our members' favourites, and here is the solid proof in case you didn't believe it!
Here at our newsletter, it is the very first time that we see over 1 billion in volume for one of our picks.
We sincerely hope that you appreciate this achievement just as much as we do!
QOIL is definitely our hot Sub-Penny pick of the year.
The heavy accumulation shows signs of a potential big jump in the days to come!
QOIL is still perfectly priced for investors, still at less than a penny! - The potential here is absolutely huge!
Still not convinced about the potential that sub-pennies have? Check this out!
Another Sub-Penny (HLXW) jumped over 350% Tuesday alone, skyrocketing from 0.005 to 0.024, jumping from Sub-PennyStock to PennyStock status!
Practically speaking, it is easier for a penny stock to jump 5-10-20x or more as opposed to a blue chip.
Take a look at Tuesday's example: HLXW that jumped a monster 350% in just 1 day.
Also look at Sirius Satellite (SIRI) that was trading at 0.05$ 1 year ago, and that is currently at over 1$. (Almost 2000% in just a few months!)
There are countless examples of penny stocks that jumped from 100% to 1000% or even more in the last few months, many of our picks being part of the list!
When was the last time we saw a blue chip jump anywhere near this amount in a short period of time?
This is what we do here at our newsletter: give our subscribers the chance to experience something that is found nowhere else in the market!
QOIL also released some great PR!
Here is an extract of the PR: Quest Oil, Corp. (QOIL) is pleased to announce that it has begun a comprehensive work program at its Hawkeye and Midkiff properties in Eastland County, Texas. Situated at the western boundary of the Fort Worth Basin, Quest Oil’s 1,198 acres in the Hawkeye and Midkiff fields host a number of wells that are currently productive, in addition to multiple, new drill targets.
As part of the work program, Quest Oil plans to begin an infill drilling program on targets at the Hawkeye and Midkiff Fields that management have deemed low risk. Notably, a recent decision by the Texas Railroad Commission – the body that regulates oil and natural gas activities in the state – to lower the spacing for wells in the area to 20 acres, will enable Quest to drill approximately 20 additional wells at the Hawkeye and Midkiff fields.
“At this stage, our initial exploration work on the Hawkeye and Midkiff Fields suggests that there are opportunities to expand our hydrocarbon production base,” stated Joe Wallen, Quest Oil’s CEO. “Accordingly, we have deployed Hydrocarbon Imaging technology to give us reliable estimates of hydrocarbon reserves and to better define priority drill targets. We are confident that this technology will help us expeditiously and accurately manage our exploration objectives. The initial results from the imaging have determined the discovery of a large anomaly.“
We are definitely hoping to see QOIL jump from Sub-Penny to Penny Stock status this week!
Gains of 200% or more could be on this weeks agenda!
The past two weeks have been ridiculously profitable for microcap investors such as our subscribers.
Firstly INOL jumped from 0.001 to nearly 0.09 (Jump of over 8000% )
Then CMGR soared from 0.003 to 0.08 a few days ago (Over 2000%)
Lastly RPPR leapt from 0.004 to 0.013 (More than 300%)
Several other sub-pennies experienced significant gains of 100-400% as well the past two weeks, but listing them all would not be useful as it's most likely too late to make any profit there as they have peaked.
Sub-Pennies are our members' favourites. They have the potential to go up thousands of percents in a very short period of time.
The September rally has started, and markets seem poised for immense gains this month.
Today we believe we have the holy grail of sub-pennies. We have not presented a pick priced this low in nearly a year!
Hence we believe that our new pick QOIL could be a home run!
Our new pick QOIL operates in the very-in-demand energy sector.
- QOIL is bouncing off lows!
- QOIL could become a significant player in its industry!
- QOIL closed up 29% on record-setting volume when it announced the acquisition of B&B Oil Inc. in Texas!
Here is a snippet of this very important announcement:
In a share exchange transaction, B&B Oil exchanged all of its outstanding shares, giving Quest Oil a 100% equity interest in and title to B&B Oil's assets.Incorporated in the State of Texas in June 2004, B&B Oil Inc. is primarily focused on the exploration and development of proven oil and gas properties. From 2007 to the present, B&B Oil acquired oil and gas leases that consist of approximately 560 acres in Hawkeye Field and approximately 398 acres in the Midkiff Field in Eastland County, Texas. These properties include wells that are currently productive, and numerous prospects that management believe warrant further development. Productive wells on the leases will require relatively modest capital expenditures to generate cash flow from production. Looking forward, Quest Oil plans to implement a development strategy that will combine proven producing wells, new developmental wells, and highly predictable reworks, thereby diversifying exploration and development
expenditures with the intent to maximize returns and minimize risk.
This is exactly the type of company Mr. T. Boone Pickens and many others love to take over. It is a clear possibility that QOIL could be on someone's radar for a buy out especially considering how low QOIL is at the moment!
Quest Oil's website is packed with tons of information on the company, its projects, along with multitude photos and videos.
