Cabot Energy Regulatory News (CAB)

19 Sep 2005 11:34

Oil Quest Resources PLC19 September 2005 19 September 2005 OIL QUEST RESOURCES plc (Ticker: OILQ) Bouldner Copse-1 Commences Drilling The directors of Oil Quest Resources plc ("Oil Quest" or the "Company") arepleased to announce that the Company has been informed by Northern Petroleum Plcthat drilling has commenced at Bouldnor Copse-1 well on the Isle of Wight. OilQuest has a 10 per cent. interest in Bouldnor Copse-1. The well is located in PEDL 089(A) at co-ordinates 438537E 090179N and has aplanned measured depth of 5,000 feet. The primary target is the SherwoodSandstone where an oil prospect has been independently evaluated by ECL as beingof the size of up to 300 million barrels in place. The Great Oolite is apotential secondary objective. David Bramhill Dominic Barretto/Maxine BarnesOil Quest Resources plc Bishopsgate Communications Ltd+44 (0)117 957 3666 +44 (0)20 7430 1600office@oilquest.net dominic@bishopsgatecommunications.comwww.oilquest.net Tim Feather/Bill StapleWesthouse Securities LLP+44 (0)20 7601 6101tim.feather@westhousesecurities.com This information is provided by RNS The company news service from the London Stock Exchange