Quest Resource Corporation to Join Russell 3000 Index
05 Juli 2006 - 3:00PM
Business Wire
Quest Resource Corporation (NASDAQ:QRCP), the largest operating
company in the Cherokee Basin, today announced it joined the
Russell 3000 Index when Russell Investment Group reconstituted its
family of U.S. indexes on June 30. Readers of this news release may
click on http://www.russell.com to view the list of companies.
Along with inclusion in the Russell 3000 Index, Quest Resource
Corporation was included in the Russell MicroCap Index. Each of
these indexes is a key gauge used by institutional money managers
to monitor stock performance. Management Comments David Grose,
Chief Financial Officer of Quest Resource Corporation said,
"Inclusion in the Russell 3000 Index is further recognition of our
Company's growth and success. We believe the Russell 3000 Index
listing will further help raise Quest's profile in front of
institutional money managers, analysts and investment
professionals." Russell indexes are one of the most widely used
investment tools by today's institutions. An industry-leading $3.8
trillion in assets currently is benchmarked to them. More than 40
million individual investors have access to Russell's services
through a network of alliances that includes many of the world's
top banks, brokers, insurance companies and independent investment
advisors. About Quest Resource Corporation Quest Resource, based in
Oklahoma City, is the largest producer of natural gas in the
Cherokee Basin, which is located in southeast Kansas and northeast
Oklahoma. The Company is a fully integrated E&P company,
operating more than 1,300 coal bed methane wells which produce into
its own 1,200 plus mile gathering and transportation pipeline
system, and uses its own fleet of completion equipment to support
its aggressive development program. For more information, visit the
Quest Resource's website at www.qrcp.net. Forward-Looking
Statements Opinions, forecasts, projections or statements other
than statements of historical fact, are forward-looking statements
that involve risks and uncertainties. Forward-looking statements in
this announcement are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Although
Quest believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance
that such expectations will prove to be correct. Actual results may
differ materially due to a variety of factors, including without
limitation: the uncertainty involved in exploring for and
developing new natural gas reserves, the sale prices of natural gas
and oil, labor and raw material costs, the availability of
sufficient capital resources to carry out the Company's anticipated
level of new well development and construction of related
pipelines, environmental issues, weather conditions, competition,
general market conditions, and other risks detailed in Quest's
filings with the Securities and Exchange Commission. You can find
Quest's filings with the Securities and Exchange Commission at
www.qrcp.net or at www.sec.gov. By making these forward-looking
statements, Quest undertakes no obligation to update these
statements for revisions or changes after the date of this release.
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