SMSMobility, Inc.
PINK SHEETS : SMSO

July 07, 2005 12:29 ET

SMSMobility, Inc.: Company Signs MOU With Quest Oil Corporation

CALGARY, ALBERTA--(CCNMatthews - July 7, 2005) - On behalf of SMSMobility, Inc. (the "Company") (PINK SHEETS:SMSO) President Rod Burns, is pleased to report that the Company has executed a Memorandum of Understanding ("MOU") with Quest Oil Corporation (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 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 purposes, the area can be considered the westernmost extension of the Fort Worth Basin and an extension of the Barnett Shale play.

Mr. Burns commented, "This joint venture represents a significant first step in our efforts to refocus 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, 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 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 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.

Contact Information

  • SMSMobility, Inc.
    Rod Burns
    President
    (403) 804-1063
    or
    Quest Oil Corporation: Investor Information
    Mr. Darren Hayes, Corporate Development
    1-866- 264-7668
    Website: www.questoil.com