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Oil Quest Resources (OILQ)

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Tuesday 10 January, 2006

Oil Quest Resources

Drilling Update

Oil Quest Resources PLC
10 January 2006


                            OIL QUEST RESOURCES PLC
                                DRILLING UPDATE


The Directors of Oil Quest Resources plc ('Oil Quest') are pleased to provide an
update on drilling and testing operations on its UK licences.

Oil Quest has been informed by the Operator, Egdon Resources Plc ('Egdon'), that
the BDF28 drilling rig has completed drilling and logging operations at
Kirkleatham-4 on licence PEDL068, in which Oil Quest holds a 20 per cent.
interest.

The Kirkleatham-4 well reached a TD of 936m within rocks of Carboniferous age on
7 January 2006.  During drilling, gas shows were encountered within the target
Permian age Zechstein carbonates.  Logging operations have now been completed
and confirmed the presence of a c.19m gas column within the Cadeby Formation.
The top of the Cadeby Formation was penetrated at 804.3m where a drilling break
and high gas readings were observed.  Evaluation of wireline log data indicates
high gas saturations and good porosity development within the gas bearing
interval.  The Kirkleatham-4 well will be completed with 7' casing and the BDF28
rig released.  Testing operations will be undertaken using a work-over rig.
Further activity at Kirkleatham will be assessed once test results have been
evaluated.

On completion of operations at Kirkleatham-4, the drilling rig will mobilise to
the Westerdale-1 well site in North Yorkshire where drilling operations are
expected to commence during the week of 16 January 2006.  Westerdale-1 is
designed to test an accumulation 50.5m updip and 3.7km to the north of the Ralph
Cross-1 gas discovery made by Home Oil Limited in 1966.  Ralph Cross-1 tested
gas at flow rates of up to 6 million cubic feet of gas per day from a 20.5m gas
column in fractured Zechstein carbonates.  Additional reservoir objectives are
present in the Westerdale-1 well both within the Zechstein and in the underlying
Carboniferous sequences.  Westerdale-1 will be directionally drilled to a total
depth of around 1,250m and will take around 21 days to drill.



Enquiries:


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)161 838 9141
[email protected]




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