Oil Quest Resources PLC 03 June 2005 OIL QUEST RESOURCES plc (Ticker: OILQ) NEW OPERATORSHIP OF PEDL068 ONSHORE UK TWO WELL PROGRAMME PLANNED Oil Quest Resources plc ('Oil Quest'), the AIM quoted oil and gas exploration company, today announces that it has been informed that Egdon Resources plc has received partner and Department of Trade and Industry approval to take over as operator of the PEDL068 licence in the Cleveland Basin from Sterling Resources (UK) Ltd. Oil Quest holds a 15 per cent. interest in this UK onshore hydrocarbon exploration licence. Two exploration wells, Westerdale-1 and Kirkleatham-4 are planned to be drilled on the licence in the fourth quarter of 2005. The Cleveland Basin, located in northeast England is a proven hydrocarbon province and forms an onshore continuation of the prolific offshore Southern Gas Basin. The licence area has primary reservoir targets in the late Permian Zechstein carbonates together with secondary targets in the Carboniferous and Permian Rotliegendes sandstones. For further information: David Bramhill Dominic Barretto/Maxine Barnes 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 Exchange