Oil Quest Resources

Statement re. Suspension

Oil Quest Resources PLC
17 November 2005



                            OIL QUEST RESOURCES PLC

                      STATEMENT RE. SUSPENSION OF TRADING


Further to press speculation this morning, the Directors of Oil Quest Resources
plc (the 'Company') announce that they are in discussions in relation to an
acquisition which would constitute a reverse takeover under the AIM Rules.  As a
result, the shares in the Company have been suspended pending the publication of
the admission document.


A further announcement will be made when appropriate.


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