SMSMobility, Inc.: Company Signs MOU With Quest Oil Corporation.CALGARY, Alberta -- On behalf of SMSMobility, Inc. (the "Company") (PINK SHEETS:SMSO SMSO Sekolah Menengah Sayyidina Othman (secondary school, Tutong, Brunei) SMSO Security Management System Online (Wateringen, Netherlands) SMSO Sequential Multipliers with Serial Output ) President Rod Burns, is pleased to report that the Company has executed a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. ("MOU (Minutes Of Usage) A metric used to compute billing and/or statistics for telephone calls or other network use. ") with Quest Oil Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :QOIL) for a joint venture on two of its development programs in Texas. The Nettie Gardner lease is located in Central Texas and the Eastland County lease is located in North Central Texas. The Nettie Gardner lease is comprised of 116 acres, which forms the southernmost extension of the EXOC EXOC Expert Object Corporation Field discovered in 1976 by the Bishop-Biemer-1 well. Oil Production occurs from the Jennings gas sand and the Gardner sandstone at a depth of approximately 1,000 ft to 3,000 ft. Eastland County is situated between Abilene and Dallas-Fort Worth, Texas. Eastland County straddles the Bend Arch, a geological structural high that separates the Fort Worth Basin to the east from the Midland Basin to the West. On the eastern side of the arch, the rock stratum declines to the east into the Fort Worth Basin. For stratigraphic stra·tig·ra·phy n. The study of rock strata, especially the distribution, deposition, and age of sedimentary rocks. strat purposes, the area can be considered the westernmost extension of the Fort Worth Basin and an extension of the Barnett Shale The Barnett Shale is a geological formation of economic significance. It consists of sedimentary rocks of Mississippian age in the U.S. State of Texas. The formation is estimated to stretch from the city of Dallas to west of the city of Fort Worth and south, covering 5,000 square play. Mr. Burns commented, "This joint venture represents a significant first step in our efforts to refocus Verb 1. refocus - focus once again; The physicist refocused the light beam" focus - cause to converge on or toward a central point; "Focus the light on this image" 2. the Company's business direction. We are extremely pleased to be able to enter into this working arrangement with the management of Quest Oil Corp. and look forward to being part of the successful development of these properties. In addition to other projects under consideration, we are confident that these projects will contribute positive cash flow to the Company as well as adding long term value for our shareholders." Quest Director, Mr. Cameron King, MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration , commented, "Quest is very pleased to develop a working relationship with Star Petroleum Corp. (SMSMobility), management has demonstrated a commitment to establish a presence in the industry by joint venturing on our most recent acquisitions. Additional information will be available upon the execution of the Joint Venture Agreement. About Quest Oil Corporation The Company is committed to the exploration and development of economical oil and natural gas reserves globally. Quest management is focused on an acquisition program targeting high quality and low risk prospects. Initially, Quest is focused on the development of North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. oil and gas resources allowing highly leveraged production opportunities. About SMSmobility / Star Petroleum Corp. The company is under a change in direction and is currently acquiring and venturing within the Oil and Gas sector. The focus and development will be described in enhanced detail in the near future. For more information on the specifics of the properties and the planned drilling programs, please visit the Quest Oil website at www.questoil.com. ON BEHALF OF THE BOARD Quest Oil Corporation. "Cameron King" Cameron King MBA - Director This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. SMSMobility, Inc. (PINK SHEETS:SMSO) |
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