24 Feb 2006securities registration● Neutral
QUEST OIL CORP amended a filing by which it registered a small-business securities offering with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
24 Feb 2006material agreement● NeutralMajor
Quest signed a non-binding-style acquisition memorandum on February 23, 2006 to buy 100% of L-TEXX Petroleum, L-TEXX Management and Longleaf Production at a deemed price of US$6.5 million (US$100,000 deposit, 2 million restricted shares, US$1.2 million cash at closing), subject to a 45-day due diligence period and a formal agreement. If the stock is below $1.50 two years after closing, the sellers would get US$5 million in cash and return the shares.
15 Feb 2006material agreement▲ GoodMajor
On February 6, 2006 Quest joined a joint venture for an interest in the Odom (Martin) Ranch No. 1H horizontal well in the Barnett Shale in Parker County, Texas, operated by Sauder Management with Carrizo and others as participants; the well spudded February 5, 2006. The company says this is its entry into the Barnett Shale and it plans to look at other opportunities there; the filing gives no cost or interest size.
14 Feb 2006late filing notice▼ Bad
QUEST OIL CORP notified the SEC that its quarterly report would be filed late.
26 Jan 2006securities registration● Neutral
QUEST OIL CORP amended a filing by which it registered a small-business securities offering with the SEC.
23 Dec 2005securities registration● Neutral
QUEST OIL CORP registered a small-business securities offering with the SEC.
6 Dec 2005securities registration● Neutral
QUEST OIL CORP filed the final prospectus for a registered offering.
1 Dec 2005director interest notice● Neutral
Joseph F Wallen became a QUEST OIL CORP Chief Financial Officer and company insider (initial ownership filing).
1 Dec 2005director interest notice● Neutral
Douglas Blackman became a QUEST OIL CORP Secretary and company insider (initial ownership filing).
1 Dec 2005director interest notice● Neutral
Jim Irwin became a QUEST OIL CORP director and company insider (initial ownership filing).
1 Dec 2005director interest notice● Neutral
Cameron King became a QUEST OIL CORP President and CEO and company insider (initial ownership filing).
10 Nov 2005late filing notice▼ Bad
QUEST OIL CORP notified the SEC that its quarterly report would be filed late.
8 Sept 2005capital raising announcement● NeutralMajor
Quest gave public notice of a proposed private offering of up to $8,000,000 of 8% Series B Convertible Debentures maturing in 24 months, with three series of warrants attached and repayments that can be made in stock at a 10% discount to the recent price. For shareholders, the structure allows new shares to be issued through conversion, warrant exercise and stock-paid repayments; the filing describes only a proposal, not completed funding. It also reports a move of the head office to Houston, Texas.
25 Aug 2005material agreement▲ GoodMajor
Quest's wholly owned subsidiary Quest Canada Corp. signed an agreement with Vega Resources on August 13, 2005 giving it the right to earn a 100% working interest in the Empress Project (4 sections of Crown petroleum and natural gas rights, 160 miles east of Calgary, Alberta). Vega keeps a 3% overriding royalty, the original landowners keep a 15% overriding royalty, and TransAction Oil & Gas Ventures will operate and received a 5% carried working interest.
24 Aug 2005securities registration● Neutral
QUEST OIL CORP filed the final prospectus for a registered offering.
22 Aug 2005securities registration● Neutral
QUEST OIL CORP filed the final prospectus for a registered offering.
12 Aug 2005late filing notice▼ Bad
QUEST OIL CORP notified the SEC that its quarterly report would be filed late.
4 Aug 2005securities registration● Neutral
QUEST OIL CORP registered a small-business securities offering with the SEC.
14 Feb 2005late filing notice▼ Bad
QUEST OIL CORP notified the SEC that its quarterly report would be filed late.
14 Dec 2004material agreement● NeutralMajor
Now operating as Quest Oil, the company signed a farm-in agreement on November 22, 2004 with Premium Petroleum under which the other party is to drill one test well by January 31, 2005, with Quest providing a total of CDN$296,000 for drilling and completion. This is Quest's first oil and gas drilling commitment in the record; the filing gives no result of the well.
15 Nov 2004late filing notice▼ Bad
QUEST OIL CORP notified the SEC that its quarterly report would be filed late.
16 Aug 2004late filing notice▼ Bad
QUEST OIL CORP notified the SEC that its quarterly report would be filed late.
8 Oct 2003asset acquisition disposition● NeutralMajor
The company, then named GameState Entertainment (formerly Lanwerx Entertainment), agreed on September 23, 2003 to buy the assets, goodwill and website name of Netopia Internet Café, a computer game cafe, for US$200,000 paid in 800,000 shares at a deemed $0.25 each (about 4.88% of the company). It also changed its name effective September 24, 2003, said it was completing a $100,000 private placement of 200,000 shares at $0.50, and reported that directors Hofstad and Shaw resigned and Cameron King and Gordon McDougall were appointed effective April 20, 2003.
8 Aug 2002auditor change● Neutral
The company, then filing as Luna Medical Technologies Inc. (same registrant number as Quest Oil), reported that its accountants Williams & Webster resigned on March 27, 2002 and McKay & Company was hired on May 15, 2002. The filing says there were no disagreements, and that the earlier audit reports carried a going-concern issue; Williams & Webster issued no audit reports covering any period after March 31, 2000.
14 Aug 2001late filing notice▼ Bad
QUEST OIL CORP notified the SEC that its quarterly report would be filed late.
26 June 2001late filing notice▼ Bad
QUEST OIL CORP notified the SEC that its annual report would be filed late.
14 Nov 2000late filing notice▼ Bad
QUEST OIL CORP notified the SEC that its quarterly report would be filed late.
14 Aug 2000late filing notice▼ Bad
QUEST OIL CORP notified the SEC that its quarterly report would be filed late.
29 June 2000late filing notice▼ Bad
QUEST OIL CORP notified the SEC that its annual report would be filed late.
1 June 2000securities registration● Neutral
QUEST OIL CORP amended an already-effective registration statement.