Oilsands Quest Inc. (OQI) operates through its subsidiary corporations and conducts limited joint venture activities. The Company is focused primarily on business opportunities in the oil and gas sector and in particular the oil sands and oil shale sectors in Western Canada. The Company’s primary operating subsidiary is Oilsands Quest Sask Inc. (OQI Sask). OQI Sask was established as an operating subsidiary of the Company primarily to explore for and develop oil sands deposits in the provinces of Saskatchewan and Alberta. The Company’s other wholly owned subsidiaries include Township Petroleum Corporation (Township), Western Petrochemicals Corp. (WPC), Stripper Energy Services Inc. (Stripper), 1291329 Alberta Ltd. and Oilsands Quest Technology Inc.