Quest Oil abandoning Papua New Guinea efforts, looking toward Canada, US

Nov. 10, 2004
Quest Oil Corp., Arlington, Tex., has abandoned efforts to acquire two petroleum prospecting licenses in Papua New Guinea and will instead focus on "more immediate prospects" in Alberta and the US Illinois basin.

By OGJ editors
HOUSTON, Nov. 10 -- Quest Oil Corp., Arlington, Tex., has abandoned efforts to acquire two petroleum prospecting licenses in Papua New Guinea and will instead focus on "more immediate prospects" in Alberta and the US Illinois basin.

Quest hired a consultant to identify and negotiate the acquisition of oil and natural gas prospects in the Alberta foothills. It also created Quest Canada Corp., Edmonton. Quest Oil is negotiating directly for the acquisition of a company based in the Illinois basin.

Quest Oil, formerly known as GameState Entertainment Inc., Vancouver, BC, has dropped its efforts, announced in September, to acquire Grey Creek Petroleum, also of Vancouver. Grey Creek has two licenses, PPL 257 and PPL 258, covering 4 million acres total in Papua New Guinea.

PPL 257 is off Papua New Guinea in the Cape Vogel basin, and PPL 258 is in the East Sepik region.