Share Name Share Symbol Market Type Share ISIN Share Description
Oil Quest LSE:OILQ London Ordinary Share GB00B06KL332 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 906.50p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unknown - - - - 0.00

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DateSubject
28/9/2016
09:20
Oil Quest Daily Update: Oil Quest is listed in the Unknown sector of the London Stock Exchange with ticker OILQ. The last closing price for Oil Quest was 906.50p.
Oil Quest has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 0 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Oil Quest is £0.
01/3/2006
12:29
mick: Guys, I dont think Kirkleatham or Westerdale are relevant to the prospects or valuation of Encore. What I am really interested in is Encores 25% interest in Block18/5-g and 18/5-s. As per Pages 124 to 126 in the Admission Document, 18/5-g has potential reserves ( before Recovery Factor ) of up to 1.8bn barrels oil with Chance of Success of 15%. While 18/5-s has potential reserves, again before recovery factor of up to 878mn barrels. Key point is that 18/5-g is schedule to be drilled by Encore's partners on a free carry basis later this year. Given the proximity of these prospects to the Buzzard field which was discovered by the Encore team for Encana and the potential huge scale if the well is successful, I think we can expect a serious amount of progress in the Encore share price over the next six months - 60p 80p in the run up to drilling and £2 / £3 if drilling is successful. Am also anticipating that Encore are likely to make some judicious acquisitions with their £20m cash hoard - this is also likely to be positive for the share price. All in all, a very exciting prospect.
24/2/2006
11:20
bitterlemontart: From the OILQ thread.... flyingbull - 23 Feb'06 - 23:25 - 188 of 195 If the Encore team can repeat their achievement at Encana UK (sold for US$2.1 billion), the Oilquest/Encore share price would be approximately 535p within the next few years. If they could do it once, surely they could do it again....and probably be better at it the second time round! >500p is the target and I look forward to seeing that in the future! Good luck! fb
08/2/2006
08:48
flyingbull: The oil barrel article failed to mention the exploration well that Encore Oil is going to drill in the second half of this year is the Buzzard oil field (>500 million barrels gross reserves) lookalike. Given the proven expertise the Encore team has in the region, there is a reasonably good chance they can make a large oil discovery and in terms of the impact to the share price, the discovery would cause the Encore share price to go up by at least 10 times. Remember Edinburgh Oil and Gas (EOG)? Encore has a good chance of repeating EOG's share price performance over the next year or so. Good luck to all shareholders. fb
16/12/2005
18:30
bitterlemontart: From the following thread....Oil Quest Resources.... the old Hereward ventures (OILQ) wezzy - 16 Dec'05 - 16:09 - 459 of 460 With the quality of management and assets injected in OILQ, there is only one way for the OILQ share price to go. It will be a stampede for OILQ shares once it is traded again!!!! Just be patient in the meantime...... CURRYPASTY - 16 Dec'05 - 16:10 - 460 of 460 what price will they open...
16/12/2005
16:09
wezzy: With the quality of management and assets injected in OILQ, there is only one way for the OILQ share price to go. It will be a stampede for OILQ shares once it is traded again!!!! Just be patient in the meantime......
17/9/2005
15:30
bitterlemontart: hamlette - 17 Sep'05 - 15:17 - 296 of 296 BLT, there is a recent Growth and Equities Research article on OILQ that the Investor Relations department have sent to me (see below). It is interesting that they view Bouldnor as a high risk play (1 in 10). They also mention OILQ as only having only a 5% stake in Sandhills instead of 7.5%, which I presume is an error. "Oil Quest Results Comment Speculative Buy at 12.25p" "Today's full year results for the year to June 30th should mark a line in the Sand for Oil Quest Resources. The last year saw the sale of its gold assets and post year end there was disappointing drilling news from the Isle of Wight. But looking ahead the company has a strong balance sheet with net cash of 3 million pounds and an active drilling programme planned including three wells which could potentially be company makers. This is not discounted in a share price of 12.25p and a market capitalisation of 5.4 million pounds and the shares are a speculative buy. In the 15 months to June 30th, net losses rose from 708,442 in the year to March 31st 2004, pounds to 2.179 million pounds. However there were a number of exceptional charges relating to the sale of the company's gold assets to Cambridge Minerals which was concluded in April. Operating losses increased by less than 400,000 pounds to 1.14 million pounds. Since then mining disposal operating costs have been slashed to just 35,000 pounds per month even though the board has been strengthened by the appointment of experienced geologists David Racher and Dr Richard Stabbins. Largely as a result of an institutional fund raising in April the company began September with net cash of 3.2 million pounds plus shares in AIM listed Cambridge which are worth around 500,000 pounds. The failure of the Sandhills well on the Isle of Wight to discover commercial oil grades has hit Oil Quest shares in recent weeks even though its stake in the prospect was only 5%. That drilling rig now moves onto Bouldnor Copse on the Isle of Wight where Oil Quest has a 10% stake. This prospect is potentially large - it may contain 120 million barrels of recoverable oil. But it is a high risk play which should be risk weighted at no more than 1 in 10. Oil Quest's share of the drilling costs will be, perhaps, 500,000 pounds and if the well is successful it would - on its own - justify a multiple of the current market value. However this is a high risk play and our interest in Oil Quest is based more on its other assets, notably two gas plays in the Cleveland Basin, Kirkleatham and Westerdale. The operator of these two prospects is Egdon and Oil Quest has a 15% stake in both but is negotiating to increase the stake to 20%. We believe that the cost of drilling each of these two wells to Oil Quest will be around 250,000 pounds but that each has the potential to be worth a multiple of the current market value and that the risk weighting of these prospects is significantly less steep than that for Bouldnor Copse. Oil Quest has another 8 licenses onshore in the UK of which the most likely to be drilled in the first half of calendar 2006 are in the Weald Basin where Northern Petroleum is the operator. The first prospect is a possible extension of the Horndean field into PEDL 126 and there is also an appraisal well planned for the smallish oil discovery at Hedge End. Both wells are likely to cost Oil Quest no more than 250,000 pounds each. Oil Quest is involved in a consortium which was recently awarded offshore acreage in block 43/6 of the UK North Sea. The company has a 30% stake in this block which is in the Southern Gas Basin. We would expect further work to be done on this block before a major is farmed in giving Oil Quest a reduced stake but a free carry. Based upon the current drilling programme and the much reduced corporate overhead Oil Quest has more than enough cash to meet its needs over the next 18 months. And it has a number of drilling opportunities, any one of which could on its own more than justify a multiple of the current share price. Our stance is speculative buy".
17/9/2005
15:17
hamlette: BLT, there is a recent Growth and Equities Research article on OILQ that the Investor Relations department have sent to me (see below). It is interesting that they view Bouldnor as a high risk play (1 in 10). They also mention OILQ as only having only a 5% stake in Sandhills instead of 7.5%, which I presume is an error. "Oil Quest Results Comment Speculative Buy at 12.25p" "Today's full year results for the year to June 30th should mark a line in the Sand for Oil Quest Resources. The last year saw the sale of its gold assets and post year end there was disappointing drilling news from the Isle of Wight. But looking ahead the company has a strong balance sheet with net cash of 3 million pounds and an active drilling programme planned including three wells which could potentially be company makers. This is not discounted in a share price of 12.25p and a market capitalisation of 5.4 million pounds and the shares are a speculative buy. In the 15 months to June 30th, net losses rose from 708,442 in the year to March 31st 2004, pounds to 2.179 million pounds. However there were a number of exceptional charges relating to the sale of the company's gold assets to Cambridge Minerals which was concluded in April. Operating losses increased by less than 400,000 pounds to 1.14 million pounds. Since then mining disposal operating costs have been slashed to just 35,000 pounds per month even though the board has been strengthened by the appointment of experienced geologists David Racher and Dr Richard Stabbins. Largely as a result of an institutional fund raising in April the company began September with net cash of 3.2 million pounds plus shares in AIM listed Cambridge which are worth around 500,000 pounds. The failure of the Sandhills well on the Isle of Wight to discover commercial oil grades has hit Oil Quest shares in recent weeks even though its stake in the prospect was only 5%. That drilling rig now moves onto Bouldnor Copse on the Isle of Wight where Oil Quest has a 10% stake. This prospect is potentially large - it may contain 120 million barrels of recoverable oil. But it is a high risk play which should be risk weighted at no more than 1 in 10. Oil Quest's share of the drilling costs will be, perhaps, 500,000 pounds and if the well is successful it would - on its own - justify a multiple of the current market value. However this is a high risk play and our interest in Oil Quest is based more on its other assets, notably two gas plays in the Cleveland Basin, Kirkleatham and Westerdale. The operator of these two prospects is Egdon and Oil Quest has a 15% stake in both but is negotiating to increase the stake to 20%. We believe that the cost of drilling each of these two wells to Oil Quest will be around 250,000 pounds but that each has the potential to be worth a multiple of the current market value and that the risk weighting of these prospects is significantly less steep than that for Bouldnor Copse. Oil Quest has another 8 licenses onshore in the UK of which the most likely to be drilled in the first half of calendar 2006 are in the Weald Basin where Northern Petroleum is the operator. The first prospect is a possible extension of the Horndean field into PEDL 126 and there is also an appraisal well planned for the smallish oil discovery at Hedge End. Both wells are likely to cost Oil Quest no more than 250,000 pounds each. Oil Quest is involved in a consortium which was recently awarded offshore acreage in block 43/6 of the UK North Sea. The company has a 30% stake in this block which is in the Southern Gas Basin. We would expect further work to be done on this block before a major is farmed in giving Oil Quest a reduced stake but a free carry. Based upon the current drilling programme and the much reduced corporate overhead Oil Quest has more than enough cash to meet its needs over the next 18 months. And it has a number of drilling opportunities, any one of which could on its own more than justify a multiple of the current share price. Our stance is speculative buy".
09/8/2005
14:31
bitterlemontart: The Boxer - any views on where the OILQ share price might be headed ?
13/6/2005
07:20
bitterlemontart: Oilquest Resources* At an operational level the last month has seen limited excitement. On May 27th Northern Petroleum announced that the much delayed drilling of two wells on the Isle of Wight would start in late June. After so many delays a firm commitment to drill was welcome - Oilquest has a 5% stake in these prospects. On June 3rd it was announced that Egdon was to become operator on block PEDL 068 in the Cleveland Basin and that two wells in this gas-promising area would be drilled in the 4th quarter of this year. Oilquest has a 15% stake in the acreage. But amid wide disinterest in resource juniors the shares failed to react to these announcements. On 8th and 9th June directors of Oilquest bought a total of 705,000 shares, mostly at 14.5p but with some small purchases made at up to 18.5p. That is a clear signal to the market. Oilquest has a market value of 7.3 million pounds, it has net cash of 3.5 million and shares in Cambridge Minerals worth another 700,000 pounds. It also has a parcel of stakes in exploration assets across onshore UK. Just a portion of those assets were recently valued at, at least, 6.3 million pounds by consultants at ECL. We expect the shares to be re-rated as news filters through from the Isle of Wight and our stance remains buy. *Oil Quest is a corporate client of Bishopsgate Communications which is owned by RSH, the ultimate owner of GE&CR. Key Data EPIC OILQ Share Price 16.5p Spread 15 - 18p NMS 2000 Fully diluted Market Cap. 7 million pounds 12 Month Range 16.5p - 33.15p Market AIM Website www.oilquest.net Contact David Bramhill 0117 957 3666
13/6/2005
03:59
kamose: Interesting! Oilquest Resources* At an operational level the last month has seen limited excitement. On May 27th Northern Petroleum announced that the much delayed drilling of two wells on the Isle of Wight would start in late June. After so many delays a firm commitment to drill was welcome - Oilquest has a 5% stake in these prospects. On June 3rd it was announced that Egdon was to become operator on block PEDL 068 in the Cleveland Basin and that two wells in this gas-promising area would be drilled in the 4th quarter of this year. Oilquest has a 15% stake in the acreage. But amid wide disinterest in resource juniors the shares failed to react to these announcements. On 8th and 9th June directors of Oilquest bought a total of 705,000 shares, mostly at 14.5p but with some small purchases made at up to 18.5p. That is a clear signal to the market. Oilquest has a market value of 7.3 million pounds, it has net cash of 3.5 million and shares in Cambridge Minerals worth another 700,000 pounds. It also has a parcel of stakes in exploration assets across onshore UK. Just a portion of those assets were recently valued at, at least, 6.3 million pounds by consultants at ECL. We expect the shares to be re-rated as news filters through from the Isle of Wight and our stance remains buy. *Oil Quest is a corporate client of Bishopsgate Communications which is owned by RSH, the ultimate owner of GE&CR. Key Data EPIC OILQ Share Price 16.5p Spread 15 - 18p NMS 2000 Fully diluted Market Cap. 7 million pounds 12 Month Range 16.5p - 33.15p Market AIM Website www.oilquest.net Contact David Bramhill 0117 957 3666
Oil Quest share price data is direct from the London Stock Exchange
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