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Re: OakesCS post# 2736

Thursday, 05/19/2011 7:16:59 AM

Thursday, May 19, 2011 7:16:59 AM

Post# of 29432
BQI - see attached

http://www.oilsandsquest.com/pdf/Wallace_Creek_Drilling_Program_Results.pdf

they have discovered and undiscovered reserves of aprox 10 billion. Where they are dificient is contingent resources - they have not proved the extraction method so that McDaniels can convert some of their discovered barrels to contingent etc its a long story and yet it could become a cinderella someday (maybe with a different name.

Eagle Nest - has legacy wells drilled - not by company - where "government" estimates they have up to 3 billion = so this is not a scam

Axe Lake - they drilled more than 250 wells - they have up to 2 billion barrels - however no extraction method proven so McDaniel is not giving credit

Wallace Creek and Raven Ridge projects are in the same shoes and they have up to 5 billion. Raven Ridge is next to Cenovus and is located in Saskachewan where no extraction took place yet.

When you talk about Saskachetwan - its all about Oilsands Quest, will see what happens

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