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Thursday, August 25, 2011 3:16:25 PM
Here is my post from the GSRE board where GSRE is buying the oil fields that QOIL owned last year.
This may help you understand these SCAM companies selling worthless old oil fields between each other in order to scam investors.
I posed this question to the GSRE CEO;
ChiefEO, why did you not disclose who the "PRIOR" owners were in your latest GSRE PR? Excerpt from the GSRE PR; "GSRE has reviewed an Enhanced Georadiometric Survey for the Hawkeye and Midkiff field that was commissioned by a prior owner of the property covering approximately 1,100 acres in Eastland County, Texas."
It seems the previous owners are Quest Oil Corp., another PINK SHEET SCAM company pulling the same scams as GSRE has been doing. Notice the QOIL PR (below) about; "QOIL is pleased to announce that initial results from the Hydrocarbon Imaging plat (“HI”) have revealed a large, previously unknown anomaly within the Company’s leases at the Hawkeye and Midkiff Fields."
If this oil field is so GREAT, why didn't QOIL develop it????
What about all the other GSRE PR'S of late about all those other oil field acquisitions??
Are you going to dilute GSRE to the tune of 15Billion shares with all these acquisitions like QOIL has done?
If you are an HONEST CEO, you should disclose the "FULL" details of all these acquisitions but then???
Here is QOIL’S Pink Sheet info.
http://www.otcmarkets.com/stock/QOIL/news/Cease-Trade-Order?id=17240&b=y
Quest Oil Corp.
Common Stock
OTC Pink No Information
Cease Trade Order
Nov 13, 2009
OTC Disclosure & News Service
Vancouver, BC, Canada -
Cease Trade Order
Quest Oil Corporation
QOIL Security Details
Share Structure
Market Value1
$853,205
a/o Aug 23, 2011
Shares Outstanding
8,532,051,219
a/o Sep 30, 2010
Float
8,370,757,457
a/o Oct 20, 2010
Authorized Shares
14,998,000,000
a/o Sep 30, 2010
Par Value
0.001
QOIL PR,
http://www.thestreet.com/story/10855436/quest-oil-initial-results-from-the-hydrocarbon-imaging-plat-reveal-large-anomaly-at-hawkeye-and-midkiff-fields.html
Quest Oil, Corp. (Pink Sheets: QOIL) is pleased to announce that initial results from the Hydrocarbon Imaging plat (“HI”) have revealed a large, previously unknown anomaly within the Company’s leases at the Hawkeye and Midkiff Fields. Hydrocarbon Imaging Services, Inc. performed a georadiametric survey on the Hawkeye-Midkiff leases to determine structure anomalies throughout the current acreage and estimate the hydrocarbon and reserve potential of the leases, as well as an evaluation of the drilling prospects and locations on the leases.
The existing wells on the leases were drilled in the shallower Cross Cut sand. The future reservoir target will be the deeper formations, Ellenberger and others. Using surface conveyed radiation measuring equipment, Hydrocarbon Imaging Services, Inc. found that the Hawkeye-Midkiff leases potentially hold significant commercial hydrocarbons. The Company plans to use the data from the Hydrocarbon Imaging plat to prioritize targets for its workover program.
Joe Wallen, CEO of Quest Oil, commented, “By outlining the boundaries of the gamma ray anomalies, HI can emphasize pictorially the 'hot spots' for hydrocarbon accumulations. One can think of this a 'hydrocarbon topography' based upon intensities of gamma ray absorption. Structural anomalies can influence traps and faults, but this does not appear to be the case in the immediate area of the Hawkeye-Midkiff leases.”
Quest Oil is utilizing Hydrocarbon Imaging, a radiometric imaging technology, in its work program to identify and quantify oil and gas reservoirs and reserves. Initial imaging results have been captured and are currently being evaluated. Hydrocarbon Imaging technology which captures a surface survey of the “radiation footprint” of a given area of geography rivals conventional seismic and downhole logging in both arenas of cost and reserve identification. Utilizing sophisticated field equipment that is coupled with integrated software capabilities, this technology is a thorough, flexible, useful, and cost effective means of collecting exploratory hydrocarbon data.
Check out QOIL’S PR’S and their simularity to GSRE’S PR’S here;
http://ih.advfn.com/p.php?pid=squote&symbol=QOIL
Here is QOIL’S IH message board
http://investorshub.advfn.com/boards/board.aspx?board_id=3735
All that is necessary for the triumph of evil is that good men do nothing. (Edmund Burke)
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