SOURCE: Energy Quest, Inc.

June 08, 2009 10:06 ET

Energy Quest to Begin Construction of Its Oil Upgrader

Scientist Visits Edmonton to Begin Construction of a 5000 Barrel per Day Heavy Crude Oil Upgrader Processing Plant in Alberta

EDMONTON, AB--(Marketwire - June 8, 2009) - Energy Quest, Inc. ("EQI") (OTCBB: EQST), an emerging leader in alternative energy, announced today that its wholly owned subsidiary, WaveChem, Inc. continues its plans on the development and construction of its Heavy Crude Oil Upgrader located in Alberta. The scientist from Nexgen E2 Ltd responsible for the research and development and detailed engineering of EQI's Ultra Sound cavitation technology came to Edmonton for a meeting the week of May 26, 2009 for seven days to provide a comprehensive technical review to Energy Quest and Northern Alberta Oil & Gas, a wholly owned subsidiary of Deep Well Oil and Gas. The meeting was necessary to resolve engineering, drawings and physical design of the 5000 barrel per day upgrader.

EQI's wholly owned subsidiary WaveChem, Inc., an Alberta company, has signed an agreement with Northern Alberta Oil and Gas to provide up to 5000 barrel per day of upgraded oil. EQI will also provide other technologies to complete the plant, such as its novel PyStR hydrogen generation process and electrical power generation. EQI's strategy is to make available its developed technologies to smaller oil producers to increase oil production and provide clean and renewable energy projects in the Alberta area.

The heavy crude oil upgrading plant will commence construction immediately and cost approximately 23.5 Million US dollars for the 5000 barrel per day plant.

EQI is betting strongly in favor of this technology providing a low cost solution for the processing of heavy crude oil & bitumen without creating the environmental hazards currently associated with current conventional processes. In addition the process is a true upgrader process as compared to other sonofication processes currently being offered in the market today.

The process can upgrade extra heavy oil, for example 8 API heavy crude can be upgraded to 33 API or if desired to 42 API extra light oil and this with 100% conversion of the heavy crude feed. Our process does not generate petroleum coke and therefore offers significant yields and incremental cash flow increases.

"Energy Quest feels its upgrader technology has a great potential to take the refining market to a new level by offering a reliable low cost upgrading solution which provides a truly effective deep oil treatment, and at the same time increasing production net output yields. All these benefits along with being modular, portable and having a small footprint will make EQI's heavy crude upgrading technology one of the fastest growing technologies worldwide. These plants also provide an important creation of employment in normally depressed areas creating value where it is most needed during construction and operation," stated Wilf Ouellette, President and CEO of Energy Quest.

About Energy Quest

Energy Quest, Inc., a Nevada corporation, with its subsidiaries, WaveChem, Inc., Energy Quest, Inc. (Alberta) and Syngas Energy Corp., is an emerging leader in the development and marketing of low-cost alternate fuels worldwide. Through superior technology, the Company is focused on becoming a GreenPowerhouse™. Record energy prices, combined with the global focus moving rapidly towards addressing pollution, has heightened the need for sustainable, zero emission energy. Energy Quest's technology is based on clean, renewable energy, positioning it to benefit from global trends. Web-site http://www.nrgqst.com/

Forward-Looking Statements

From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly. The Company's filings may be accessed at the SEC's Edgar system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such a statement.

Contact Information

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    Energy Quest, Inc.
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