WILF OUELLETTE – ENERGY QUEST INC. (EQST)
CEO Interview - published 03/31/2008

WILF OUELLETTE, President, Chief Executive Officer and a Director of Energy 
Quest Inc., has been a Director since July 1, 2005 and the company's President 
and Chief Executive Officer since May 5, 2006. Mr. Ouellette has been a Director 
and the Chief Executive Officer of Syngas Energy Corp., the company's wholly 
owned subsidiary, since February 2005. He has over 25 years' experience in 
process combustion. Since 2001 he has worked as a consultant through his own 
company, Aclade Energy Corp., offering consulting services in the waste to 
energy industry, developing new projects in the energy sector and marketing the 
fluidized bed gasifier. Mr. Ouellette has been principally active in the fields 
of heating, ventilating, air conditioning and process combustion systems since 
1965. He also has extensive experience in the development and integration of 
alternate energy systems. Mr. Ouellette's technical experience encompasses the 
following areas: instrumentation and control systems design and applications, 
heating and ventilation equipment systems applications, burner management and 
flame safe guard systems, combustion processes, burner design and applications, 
waste gasification processes and air pollution engineering.

SECTOR - ENERGY 

TWST: Please tell us about Energy Quest.

Mr. Ouellette: Energy Quest Inc. is an alternative energy company engaged in the 
research, development and commercialization of low cost bio-fuel technologies 
for industry. The two primary technologies of the company include bio-fuel 
production using gasification and PyStR. PyStR technology is used to make 
hydrogen and is superior to other technologies as it greatly reduces the cost of 
hydrogen production. 
Energy Quest Inc. was incorporated as a Nevada company on June 20, 1997. It 
changed its corporate name to Energy Quest Inc. on May 31, 2007. Energy Quest's 
wholly owned subsidiary, Syngas Energy Corp., was incorporated as a British 
Columbia company on December 14, 2004, and its principal business involves an 
integrated gasification production system technology that combines modern 
gasification with turbine technologies to produce synthetic gas and electricity.

TWST: What is PyStR?

Mr. Ouellette: PyStR — pronounced "Pie Star" — is a proprietary process that 
generates near pure hydrogen H2 from most any carbonaceous feed stock. PyStR is 
an acronym for Pyroletic Steam Reforming. The process can directly produce high 
purity hydrogen from biomass and other carbonaceous feed stocks such as oil 
sands, coal and petroleum coke.

TWST: Would you describe how the Energy Quest PyStR technology works?

Mr. Ouellette: The PyStR technology system incorporates a novel, jetting, very 
high heat transfer direct fuel and sorbent contact reactor which is utilized to 
steam reform coal, straw, giant cane, wood chips or any other biomass, and 
chemically separate carbon oxides. The pyrolysis of biomass is accomplished by 
direct contact between the biomass fuel stock and hot granular calcined lime at 
moderate pressures. The lime is re-carbonated to limestone, directly producing 
near pure H2 and heat for endothermic steam reforming. The resulting limestone 
stream is then re-circulated and re-calcined (regenerated). Essentially 100% of 
the CO2 can be prevented from entering the atmosphere. 
The PyStR process involves three innovative steps. In step one, fuel and steam 
are fed directly into the heat sink of lime sorbent. As the solid fuel 
pyrolyzes, carbon monoxide and carbon dioxide immediately react with calcium 
oxide to form limestone while near pure hydrogen exists the reactor vessel along 
with some excess steam. Step two involves an innovative separation of solids 
from gases and removal of ash from the process. Step three, or calcination, 
includes another innovative PyStR process wherein a small portion of produced 
hydrogen is combusted in air resulting in a near pure nitrogen and water stream 
as well as a separate near pure carbon dioxide stream produced in an indirect 
jetting calciner.
The technology produces near pure hydrogen (96%) in a single step process simply 
by feeding biomass chips into a hot jetting granular lime filled reactor. The 
biomass is pyrolyzed and steam reformed into hydrogen and oxides of carbon, 
which immediately react with the lime producing heat to sustain pyrolysis and 
steam reforming while also forming limestone. A novel gas/solids separator 
returns the sorbent to an indirect calciner, where the limestone is recalcined 
(effectively separating out a stream of near pure carbon dioxide) and 
recirculated back to the reactor as lime. Separate streams of near pure hydrogen 
and carbon dioxide exit the reactor.

TWST: What makes this superior to other comparable technologies?

Mr. Ouellette: The technology will significantly reduce hydrogen costs to levels 
much less than present steam methane reforming methods. The technology can use 
almost any carbonaceous materials other than methane to produce hydrogen. PyStR 
can directly produce near pure hydrogen in a single step; it does not require 
shift catalysts, separation membranes, oxygen separation, catalytic hot and cold 
shift reactors, pressure swing adsorption towers or liquefaction pressures. 
Hydrogen embrittlement is avoided altogether by combining pyrolysis with 
reforming in a direct contact refractory lined vessel. This eliminates the 
greatest system maintenance cost associated with current conventional 
technologies. The process also captures any available carbon oxide gases, 
effectively removing essentially all carbon from the fuel.

TWST: How much waste matter is required to convert to a useable amount of 
energy?

Mr. Ouellette: The energy of one kilogram of hydrogen, which would be 
approximately equal to one gallon of gasoline, would require approximately 10 
kilograms of waste wood. In other words, 10 kilograms of waste wood will produce 
one kilogram of hydrogen using the PyStR process.

TWST: Has this been proven in definitive field tests?

Mr. Ouellette: To date, the PyStR has produced hydrogen by steam reforming 
biomass fuels, charcoal, wood chips and shredded elephant grass. The PyStR has 
also achieved very high solids/gas separation efficiencies in an innovative, 
continuous process without the need for bags or electrostatic precipitation.

TWST: What would it cost to build a small H2 plant and what is the estimated 
payback period?

Mr. Ouellette: The smallest practical PyStR plant would cost approximately 
$800,000. Expected payback time would be three years.

TWST: What other projects do you have online?

Mr. Ouellette: There are many applications for the PyStR process. We are looking 
at other projects that use hydrogen and/or carbon dioxide.  Besides hydrogen 
being used in the oil industry for upgrading oil, carbon dioxide is used for CO2 
enhanced oil recovery.  The fertilizer industry uses hydrogen for making 
ammonia. Hydrogen is a main component for making methanol and one day ethanol. 
Hydrogen can also be used as a fuel for electric power generation.
EQ is also looking at several projects that will use the M2 gasification process 
to produce electricity and heat.  As an example, we have recently signed a 
Letter of Intent with Willow Industries for a waste wood to electricity power 
plant.

TWST: Tell us more about the purpose and potential of the Alberta Tar Sands 
Project.

Mr. Ouellette: The purpose of the oil sands project would be to supply hydrogen 
to existing and future oil sands upgrading operations. Energy Quest would use 
the PyStR process to make hydrogen from waste petroleum coke and low grade 
bitumen. The existing oil sands companies presently use natural gas to produce 
hydrogen for their upgrading processes. Using petroleum coke and low grade 
bitumen instead of natural gas would reduce hydrogen production costs by half.
The potential for the PyStR hydrogen process in the oil sands is huge. For 
example Syncrude alone produces 500,000 barrels per day of synthetic oil. Each 
barrel of oil uses approximately 3.5 kilograms of hydrogen for upgrading. Total 
hydrogen used by Syncrude is 1.75 million kilograms per day. The cost of 
hydrogen using natural gas feedstock would on average be $2.50 per kilogram. 
Syncrude's daily hydrogen cost would be $4.375 million per day or approximately 
$1.5 billion per year.

TWST: Tell us more about the purpose and potential of the Willow Project. 

Mr. Ouellette: The purpose of the Willow project is to produce electricity from 
waste wood. 
Energy Quest Inc. will supply a biomass Wood Waste to Energy 6 megawatt (MW) 
power plant system at the Willow site. The system is made up of a modern 6 
megawatt Modular Biomass Power plant facility that will use an efficient biomass 
preparation process and advanced modular gasification to generate electricity. 
The 6 megawatt modular plant will be made up of two 3 megawatt energy modules. 
Each 3 megawatt module will be self sufficient to run independently or 
syncronously with the other module making up the 6 megawatt energy system. This 
concept allows for one 3 megawatt module to be shut down for maintenance while 
maintaining part of the plant output. Cost of the planned project is $7.5 
million. 
A rudimentary pay out time (POT) calculation based on conditions of 2008 and 
using $.12 per kilowatt of electricity, 6,000 kilowatts per hour and 8,400 hours 
per year yielded a POT of two years. 
This project will be a template for many more future plants.

TWST: What is the significance of acquiring the PyStR Hydrogen Technology?

Mr. Ouellette: Having the PyStR process makes it possible for Energy Quest to 
enter the hydrogen market at a very competative level. Having a low cost 
hydrogen opens the doors to large user industries such as ammonia production, 
methanol production and oil upgrading. 

TWST: What are the key benchmarks Energy Quest is targeting to achieve in 2008?

Mr. Ouellette: Complete work on the PyStR process. Commence the Willow project.

TWST: When do you expect the PyStR to be in commercial production?

Mr. Ouellette: We expect to have a small commercial plant in operation within 
the next six months.

TWST: In summation, why Invest in Energy Quest?

Mr. Ouellette: Energy Quest management's expertise in bio-fuels has made it a 
leader in the rapidly growing bio-energy sector. EQ stands to capitalize 
substantially on its superior technology to create cash flow generating 
opportunities. This will lead to revenues and profits for the company. For 
example, as mentioned earlier, the company has recently signed a Letter of 
Intent with Willow Industries to enter into a profitable revenue generating 
joint venture to convert Willow's wood waste to electrical energy. 

TWST: Thank you (JF) 

WILF OUELLETTE
President & CEO
Energy Quest Inc.
850 South Boulder Highway
Suite 169
Henderson, NV 89015
(702) 568-4131
(877) 568-4137 – toll free
(702) 366-0002 – FAX 
www.nrgqst.com
e-mail: info@nrgqst.com

The Wall Street Transcript (TWST) interviews are published verbatim, and TWST does not in any way endorse or guarantee the accuracy of any information or opinions expressed herein and all opinions are subject to change without notice. Nothing herein constitutes a solicitation to buy or sell any securities. TWST interviews with CEOs or other senior executives may include "forward-looking statements", which are based on factors that involve risks and uncertainties. Actual results may differ materially from those expressed or implied. TWST shall have no liability whatsoever for any trading losses arising out of use of this information. Copyright 2005 Wall Street Transcript Corporation. All Rights Reserved.