X0202 4 2006-10-05 0 0001089104 QUEST OIL CORP QOIL 0001358114 Panther James B II 2038 CORTE DEL NOGAL SUITE 110 CARLSBAD X1 92011 1 1 0 0 President & CEO Common Stock 2006-10-05 2006-10-05 4 S 0 262500 0.03 D 151513 D Mr. Panther is a 50% principal owner of Business Consulting Group Unlimited, Inc. which owned 375,000 shares of Quest Oil Corporation's common stock. In order to fully disclose his ownership, Mr. Panther filed a Form 4 on August 28, 2006 reporting BCGU's full ownership of 375,000 shares. BCGU has sold its entire position of 375,000 shares of Quest Oil Corporation. 187,500 of these shares are attributable to Mr. Panther and have been included in this Form 4 /s/ James B. Panther, II 2006-10-11