two stocks quest oil corporation mission optimize development oil gas resources petroleum licenses order create greatest value shareholders quest oil intends accomplish managing exploration process incorporating joint venture partners execute predetermined exploitation strategy quest oil positions acquisitions experienced resource developers property selected much merits financially strategic diversity quest looks undervalued opportunities relatively stable economic political environments currently negotiating reviewing licenses canada usa south pacific africa quest oil positioning quality junior resource exploration company us public company quest access financial resources required execute full exploration program ultimately extraction http www questoil com quest oil corporation quest company qoil announces entered agreement purchase hawkeye field located eastland county texas lease documents recorded eastland county texas hawkeye field comprises 4 leases totaling 483 acres total 95 wells 48 wells capable producing remedial work additionally 34 injection wells 3 water supply wells 10 temporarily abandoned wells production occurs shallow adams branch limestone canyon group depth approximately 1 100 ft purchase price leases wells 90 000 estimated capex 240 000 entails work lease tank battery wells production rate estimated 175 bopd average projected net revenue lease operating expense taxes 50 barrel approximately 15 000 000 life project estimated pvl 0 value 6 000 000 based 75 average net revenue interest quest oil figures shallow adams branch pay zone underlying formations could easily quadruple figures cameron king quest ceo said acquisition hawkeye field producing assets marks first step quest strategy become major player barnett shale along xto energy chief carrizo oil gas eog devon quest intends maximize production drilling horizontal wells barnett lateral reach 2000 3000 feet utilizing horizontal wells well capable eur 1 2 5 bcf gas behalf smsmobility inc pink sheets smso company president rod burns pleased report company negotiated interest existing saltwater disposal well located medicine hat alberta area recent rise oil gas prices significant increase production especially initiation wells previously considered uneconomical due high water production alberta oil gas fields quite common encounter ratios 10 1 water oil production water produced represents significant environmental hazard special care equipment personnel required deal byproduct production process company secured services operator 40 years experience oil gas industry 7 years experience specific well smsmobility star petroleum acquired interest regulatory scrutiny quite onerous insure well run compliant operation insure attractive profit margin project ready availability disposal water close proximity large client base project ready commence operations short timeframe operations commence cash flow immediate potential considerable growth long term contribution represents low risk point entry company generate immediate contribution revenue cash flow location operations put us within core area interest identified oil gas development opportunities said mr burns additional details released timely manner project proceeds concluded press release contains statements may constitute forward looking statements within meaning securities act 1933 securities exchange act 1934 amended private securities litigation reform act 1995 prospective investors cautioned forward looking statements guarantees future performance involve risks uncertainties actual results may differ materially contemplated forward looking statements important factors currently known management could cause actual results differ materially forward statements include fluctuation operating results ability compete successfully ability complete mentioned transactions company undertakes obligation update revise forward looking statements reflect changed assumptions occurrence unanticipated events changes future operating results smsmobility inc rod burns p eng 403 804 1063 safe harbor statement report informational purposes neither solicitation buy offer sell securities investment low priced small micro cap stocks considered extremely speculative may result loss investment made companies estockquest registered investment advisor broker dealer information opinions analysis contained herein based sources believed reliable representation expressed implied made accuracy completeness correctness opinions contained herein reflect current judgment subject change without notice estockquest assumes responsibility updating information contained herein regardless change smco financial operating condition estockquest received compensation report benefit increase share price advertised company inherent conflict interest statements opinions estockquest accepts liability losses arising investor reliance use report smco require additional capital realize business plan continue going concern third party company paid amount fifteen hundred dollars transmission message estockquest affiliates officers may buy hold sell common shares mentioned companies open market private transactions time without notice certain information included herein forward looking within context private securities litigation reform act 1995 including limited statements concerning manufacturing marketing growth expansion words may would expect estimate anticipate believe intend similar expressions variations thereof intended identify forward looking statements forward looking information involves important risks uncertainties could affect actual results cause differ materially expectations expressed herein estockquest 1426 15 th ave north texas city tx 77590 e mail message advertisement solicitation