X0202 4 2006-06-07 0 0001089104 QUEST OIL CORP OOIL 0001358114 Panther James B II 2038 CORTE DEL NOGAL SUITE 110 CARLSBAD X1 92011 1 1 0 0 President, CFO Common Stock 2006-06-07 2006-06-07 4 P 0 75000 0 A 307954 D Common Stock 2006-08-01 2006-08-01 5 A 0 E 106059 .22 A 414013 D Common Stock 2006-08-28 2006-08-28 4 P 0 187500 0 A 601513 I Held by BCGU, Inc. Issued pursuant to the 2006 Directors Annual Compensation Program effective May 1, 2006. Through the Program, Mr. Panther will receive an award of $10,000 payable in shares of the company's restricted common stock at a price of $0.22 per share every 90 days. The 106,059 shares represents the of both earned and unearned shares due Mr. Panther under the Program from May 1, 2006 up to December 31, 2006. Mr. Panther is a 50% principal owner of Business Consulting Group Unlimited, Inc. which owns 375,000 shares of Quest Oil Corporation's common stock. Mr. Panther filed a Form 3 on April 24, 2006 reporting ownership of 187,500 shares of Quest Oil Corporation's common stock through his 50% ownership of BCGU,Inc. In order to clarify his ownership of Quest Oil Corporation's common stock, Mr. Panther is reporting BCGU, Inc.'s full ownership of Quest Oil Corporation common stock. James B. Panther, II 2006-08-28