-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 B2Bd5s1mMW1sCTH20K2x3yEhb69ugG198jDFrLoivRoCio6qbBrhjqQwuxKafVrw
 6USObHSdGnEDBNjyvHRd2w==

<SEC-DOCUMENT>0000950142-10-000455.txt : 20100316
<SEC-HEADER>0000950142-10-000455.hdr.sgml : 20100316
<ACCEPTANCE-DATETIME>20100316165328
ACCESSION NUMBER:		0000950142-10-000455
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100312
FILED AS OF DATE:		20100316
DATE AS OF CHANGE:		20100316

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Blakely Ronald
		CENTRAL INDEX KEY:			0001462185

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32994
		FILM NUMBER:		10686112

	MAIL ADDRESS:	
		STREET 1:		C/O OILSANDS QUEST
		STREET 2:		800,326-11TH AVENUE, SW
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2R 0C5

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Oilsands Quest Inc
		CENTRAL INDEX KEY:			0001096791
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS METAL ORES [1090]
		IRS NUMBER:				980461154
		FISCAL YEAR END:			0430

	BUSINESS ADDRESS:	
		STREET 1:		800, 326 - 11TH AVENUE S.W.
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2R 0C5
		BUSINESS PHONE:		4032631623

	MAIL ADDRESS:	
		STREET 1:		800, 326 - 11TH AVENUE S.W.
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2R 0C5

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CANWEST PETROLEUM CORP
		DATE OF NAME CHANGE:	20050318

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	URANIUM POWER CORP
		DATE OF NAME CHANGE:	19991013
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4_blakely031210ex.xml
<DESCRIPTION>STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2010-03-12</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001096791</issuerCik>
        <issuerName>Oilsands Quest Inc</issuerName>
        <issuerTradingSymbol>BQI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001462185</rptOwnerCik>
            <rptOwnerName>Blakely Ronald</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O OILSANDS QUEST</rptOwnerStreet1>
            <rptOwnerStreet2>800,326-11TH AVENUE, SW</rptOwnerStreet2>
            <rptOwnerCity>CALGARY</rptOwnerCity>
            <rptOwnerState>A0</rptOwnerState>
            <rptOwnerZipCode>T2R 0C5</rptOwnerZipCode>
            <rptOwnerStateDescription>ALBERTA, CANADA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2010-03-12</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>30000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.7919</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>86000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <ownerSignature>
        <signatureName>/s/ Ronald Blakely</signatureName>
        <signatureDate>2010-03-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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