"CALGARY, June 26, 2008 /PRNewswire-FirstCall via COMTEX/ -- Oilsands Quest Inc.
BQI 6.10, +0.03, +0.5%) announces its independent resource estimates for its Axe Lake Discovery and its Raven Ridge Discovery. Raven Ridge has been reclassified to a Discovery from an "area of interest". Oilsands Quest announces the initialization of engineering plans for the first 30,000 barrels per day commercial project planned to develop a portion of the Axe Lake Discovery and provides an update on its reservoir test program."
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