Quest Oil announced an acquisition of a 540 acre oil, gas and mineral lease located in Coleman County, Texas has been initiated.
Mr. Joe Wallen, CEO and Director of Quest Oil commented, "The potential acquisition of this oil and gas lease will add substantial reserves to the Company's assets. An imaging has already been conducted on the acreage showing approximately 1.6 million barrels of recoverable barrels of oil in place. This lease has 20 plus existing oil and gas wells for immediate production to be established."
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