4th May 2005 07:50
Oil Quest Resources PLC04 May 2005 OIL QUEST RESOURCES PLC (Ticker: OILQ) INDEPENDENT ASSET VALUATION The Directors of Oil Quest Resources plc ("Oil Quest" or the "Company") notetoday's announcement by Northern Petroleum PLC concerning an independentevaluation of oil and gas properties on the Isle of Wight, Hampshire and WestSussex by Exploration Consultants Limited. Oil Quest has an interest in a number of the licences on which the independentevaluation has been carried out. The Directors are extremely encouraged by aninitial review of the report and are carrying out a detailed assessment of itsimpact on Oil Quest. An announcement setting out estimated reserves and net present valueattributable to Oil Quest of the licences, together with an update on theCompany's other interests, will be published in the near future. For further information: David Bramhill Dominic Barretto Oil Quest Resources plc Bishopsgate Communications Ltd +44 (0) 117 957 3666 +44 (0) 20 7430 1600 [email protected] [email protected] www.oilquest.net Tim Feather / Bill Staple Westhouse Securities LLP+44 (0)20 7601 6101 [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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