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Oilsands Quest, Inc. (BQI) – Inviting Investors into Their Sandbox

Incorporated in Colorado, U.S.A. and headquartered in Calgary, Alberta, Oilsands Quest, Inc. is an explorer and developer of oil sands projects. The company has oil sands permits in the Canadian provinces of Alberta and Saskatchewan. Their goal is to build shareholder value for the long-term through the development of these oil sands.

Oilsands Quest, Inc. trades on the American Stock Exchange (AMEX) as part of the Nonmetallic Mineral Mining sector. The company’s main operating subsidiaries are Oilsands Quest Sask. Inc., Township Petroleum Corporation, and Oilsands Quest Technologies Inc. They wholly own and operate their resource rights. Since 2004, the company has raised (US) $258 million in capital.

Oilsands Quest, Inc. is planning for production at its first major discovery, Axe Lake in northwest Saskatchewan. This project is in position for a joint venture partnership. Along with the planning, field-testing is also underway on this Axe Lake Discovery project. The company acquired permits for oil sands exploration in this area of the province in 2004, and is leading the way in the first major oil sands exploration program in Saskatchewan’s history.

The company seeks to explore and quantify other global-scale discoveries on their properties in Alberta and Saskatchewan. They also seek to negotiate agreements with selected partners to develop individual projects while still maintaining a significant interest in each one. In January of this year, the company initiated exploratory drilling on contiguous Alberta permits. This same month saw two oil sands exploration permits acquired in the province as well.

Oilsands Quest, Inc. strives to move forward as a leading developer of Saskatchewan’s oil sands industry. They hope potential shareholders will join them in their sandbox as they look to develop new sources of oil. They believe that this black gold is certainly a valuable Canadian version of it for their shareholders.

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