Quest Petroleum NL is an Australia-based company. The Company is engaged in exploration for and the development of onshore oil and gas exploration assets. The Company�s exploration projects consist of oil and gas. The Company�s segments include Bullseye Louisiana, United States, Ranau Indonesia, and Australia. The Ranau PSC covers 2,191 square kilometers of the South Sumatra Basin. In February 2012, the Company announced the results of the Ranau Joint Study, which was completed by PrabuEnergy Pty Ltd (PrabuEnergy) and the Geological Department of Trisakti University. The study confirmed that the Ranau PSC contains four explored sub-basins that form a significant extension of the prolific South Sumatra Basin. As of June 30, 2012, the Company held a 5% working interest in the Bullseye prospect (an area of 1,700 acres) located in South Louisiana. On November 24, 2011, the Company completed the acquisition of of Merric Capital Pty Ltd.