ABN 22 009 171 046
NEW FARMOUT DEAL ON CALIFORNIAN ACREAGE FOR US$133,000 CASH TO QUEST
Quest Petroleum NL (ASX: QPN) is pleased to advise it has entered into a new sale and farmout agreement on ~7,600 option acres from its San Joaquin portfolio, onshore California, USA. This new deal will net Quest US$133,000 in cash from this San Joaquin option acreage located to the North East flank of the North Kettleman Dome with two US E&P companies.
The key terms of the transaction are set out below:
On behalf of the Board of Directors
For further information on the Company, please visit our website:
www.qpnl.com.au
For Information, please contact:
Mark Freeman
Executive Director
Brett MitchellDirector / Company Secretary
Quest Petroleum est une société développant des projet miniers et de pétrole basée en Australie.
Quest Petroleum détient divers projets d'exploration en USA.
Ses principaux projets en exploration sont SOUTH EAST LOST HILLS et BULLSEYE en USA.