3SOF

Hi !

http://finance.yahoo.com/q?s=QOIL.OB



Good luck.
Evgeny.

On the move again today
coming up from a 61.8% Fibonacci retracement
+6.82%.......Volume @.....744,820

Hi !

Quest Oil Establishes Petrostar Oil Services Inc. as Operating Subsidiary
Sep 22, 2005 6:00:00 AM
2005 PrimeZone Media Network
HOUSTON, Sept. 22, 2005 (PRIMEZONE) -- Quest Oil Corporation (OTCBB:QOIL), is pleased to announce the launch of the Company's oil and gas service division, Petrostar Oil Services, Inc. (Petrostar). Quest Oil Corporation has established a subsidiary Texas corporation, Petrostar Oil Services, Inc.

Quest has completed the purchase of a service rig to initially conduct workover operations on the ninety-five wells on the Hawkeye leases. The service rig will be the property of Petrostar to conduct the operations of the workover for Quest leases and for third party companies. Contracting work with third party companies will establish revenues for Petrostar in addition to performing work on the Company-owned lands. The service rig is capable of pulling to 6,500', which makes this rig versatile to Petrostar, Quest and its customers.

The service rig is on route to Eastland County, Texas, Hawkeye leases with a hired rig crew that will operate the rig as well as perform roustabout work, maintenance of the wells and initiate pumping on the leases. Electric service to the wells has been re-established to start the workover program, to pull the downhole equipment for analysis, repair any equipment and then place the wells back into production.

The initial production is estimated at an average of 8 -- 10 bopd per well with an initial 52 wells to place on line over a 60 day period. After this work is completed, the initial production rate will be 420 bopd. The reserve report states that 308,000 barrels of oil can be recovered from the initial program with a PV10 value of $3.3 million. According to Gleason Engineering, after the remaining wells beyond the 52 wells are placed on line "An additional reserve volume can be equal to or greater than the reserve volumes reported. The added volume would be equal to or greater than 600,000 barrels of oil with a PV10 value equal to or greater than $6.5 million." Additional deeper potential is available, particularly the Barnett Shale; these pay zones will be established after seismic and IP testings are completed over the following months.

According to Company CFO, Mr. Joseph Wallen, "By establishing Petrostar with inclusion of the service rig and staff provides an attractive financial position for Quest, by owning its assets the Company can control costs and lessen workover expenses and wait time for a third party rig. This combination puts Quest in the position to earn a greater return on the leases."




Good luck.
evgeny.

QOIL just made a smoth landing on the support line.
I expect to see a rebound tomorrow.

ALERT ALERT ALERT NEWS

http://biz.yahoo.com/pz/050927/86778.html

News out....It's moving today!
Looks like it has formed a Symmetrical Triangle!
With a possible breakout!
Will post a chart later


((((((((((((((((((((((((((((((((((Here is The news)))))))))))))))))))))))))))))))))))))))))))


Press Release Source: Quest Oil, Inc.


Quest Oil, Inc. Reports Research Firm Upgrades QOIL
Thursday September 29, 9:25 am ET 
Independent Research Firm States Potential Return Could Be Huge Based on Current Energy Prices


HOUSTON--(BUSINESS WIRE)--Sept. 29, 2005--Quest Oil, Inc., (OTCBB: QOIL - News) is pleased to announce an independent research firm has upgraded their equity rating on QOIL. This upgrade comes at a time when energy prices are reaching year over year record highs.
The research report cited the following:

Quest Oil Successfully Drills the Acadia North Prospect.
We anticipate that gas from the Acadia project will be hooked up for delivery by the end of October and that in the ensuing six-month period delivery of 450,000 mcf of gas will be possible. Therefore, it's reasonable to assume that moving into 2006 the company will begin to generate revenue, which is always an important positive development for any exploration company.
The company's Acadia North property has by some estimates gas reserves of at least $17 million.
Two oil properties - Hawkeye and Nettie Gardner in Texas - have proven and probable oil reserves of nearly 1 million barrels of oil.
Over the short-term QOIL has the necessary funding to continue with its exploration and development of various properties.
Quest Oil Establishes Petrostar Oil Services Inc. as Operating Subsidiary.
To view the entire independent research report, please click on the attached URL: http://www.bridgeir.com.

Cameron King, President and CEO of Quest Oil, Inc. states, "This is an exciting time for our company. We are honored to have a quality independent research firm review our operations, wells and performance and provide the resulting upgrade in our stock. This provides further information for our shareholders that our company is headed in the right direction." Mr. King further stated, "It is reasonable to assume that moving into 2006 our company will begin to generate strong residual revenues, which is always a positive development for any exploration company."

ABOUT QUEST OIL CORPORATION

The Company is committed to the exploration and development of economical oil and natural gas reserves globally. Quest management is focused on an acquisition program targeting high quality and low risk prospects. Initially Quest 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.

To find out more about Quest Oil Corporation visit our website at http://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.



--------------------------------------------------------------------------------
Contact:
     Quest Oil Corporation
     Darren Hayes, 866-264-7668
     Fax: 1-800-608-3562
     [email protected]
     www.questoil.com



--------------------------------------------------------------------------------
Source: Quest Oil, Inc.

what a nice 1 year chart!    

Slow and steady today.

Also, reminder from the Sept 12 PR:  Arneson Well 10-22-25-2-W4M

The Company's "10-22" gas well is scheduled to put in to production by mid-October 2005. With data now recovered and verified from testing, Quest has begun the process of permitting, licensing, trenching and receiving county approvals. All companies must follow the time consuming process of obtaining regulatory and administrative approval, before bringing gas wells on stream. Gas well "10-22" will be brought on stream at 2 mmcf/d realizing gross income of $600,000 monthly. Management will increase flow rate to 4 mmcf/d if there are no indications of water or substantial pressure decline in the well.

i am in with a position at 0.52    today steady climb with good volume and closing with a high of a the day 0.58

Looking very nice.
Support @ 0.49...0.38...0.36
Resistance @ 0.54...0.62...0.82
MACD is bullish

Technicals
Last Price Quote is:
23.71%above 13-day EMA
26.43%above 50-day EMA


Recent CandleStick Analysis:
Sept-30-2005 Bearish Doji Star 

very very nice looking chart. look at the MACD, it's copying the previous 2 waves. good thing is , it just tuns positive while stochastics hasnt reached overbought yet. notice that on the last 2 waves, from the point the MACD turns up to it turns down, it doubled from 0.3-0.6 and 0.4-0.8 respectively.   the third run may just have started. 
dont have a position yet, looking for an entry today.
what do u all think?
Thanks all and good trading!

I think this is a breakout from the Symmetrical Triangle
The chart I forgot to come back and post.
This thing has got some nice legs.
Yes eagerlearner, That MACD sure is beautiful....I love a bullish MACD...Is very important to me.

applaud to u setravis!
waiting for my order to fill 

Back to the upside today......

Nice bounce off support there!