FORM 4 / / Check this box if no longer UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL subject to Section 16. Form 4 Washington, D.C. 20549 OMB Number: 3235-0287 or Form 5 obligations may Expires: January 31, 2005 continue. See Instruction 1(b). Estimated average burden STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP hours per response ... 0.5 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 (Print or type Responses) ------------------------------------------------------------------------------------------------------------------------------------ 1. Name and Address of 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) to Issuer Reporting Person* (Check all applicable) Douglas L. Lamb Quest Resource Corporation (QRCP) ~~_X_~~X Director ~~_X_~~X 10% Owner ----------------------------------------------------------------------- --- --- (Last) (First) (Middle) 3. I.R.S. Identification 4. Statement for ~~_X_~~X Officer __ Other Number of Reporting Month/Day/Year --- (give title (specify below) Person, if an entity below) (voluntary) Co-Chief Executive Officer 703 East Main Street 11/08/02 -------------------------- ------------------------- ---------------------------------------------------------------------------------- (Street) 5. If Amendment, Date 7. Individual or Joint/Group Filing of Original (Check Applicable Line) (Month/Day/Year) ___ Form filed by One Reporting Person ~~_X_~~X Form filed by More than One Benedict, KS 66714 --- Reporting Person ------------------------------------------------------------------------------------------------------------------------------------ (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security 2. Trans- 2A. Deemed 3. Trans- 4. Securities 5. Amount of 6. Ownership 7. Nature (Instr. 3) action Execution action Acquired (A) Securities Form: of Indirect date: Date, if Code or Disposed Beneficially Direct Beneficial any (Instr.8) of (D)(Instr. Owned Follow- (D) or Ownership 3, 4 and 5) ing Reported Indirect (Instr. 4) ------------------------------- Transaction(s) (I) (Month/ (Month/ (A) (Instr. 4) Day/ Day/ or (Instr. 3 Year) Year) Code V Amount (D) Price and 4) ------------------------------------------------------------------------------------------------------------------------------------ Common stock 11/8/02 A 20,000 A 82,097 D ------------------------------------------------------------------------------------------------------------------------------------ Common stock 11/8/02 P 30,000 A (1) 1,019,400 I By spouse (2) ------------------------------------------------------------------------------------------------------------------------------------ Common stock 11/8/02 P 300,000 A (3) 816,027 I By Bonanza Energy Corporation of Kansas (4) ------------------------------------------------------------------------------------------------------------------------------------ Common stock 67,000 I By Bonanza Oil and Gas Corporation (5) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see instruction 4(b)(v). Persons who respond to the collection of information (Over) contained in this form are not required SEC 1474 (9-02) to respond unless the form displays a currently valid OMB control number. FORM 4 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ------------------------------------------------------------------------------------------------------------------------------------ 1.Title 2.Conver- 3.Trans- 3A.Deemed 4.Trans- 5.Number 6.Date Exer- 7.Title and 8.Price 9.Number 10.Owner- 11.Nature of Deriv- sion or action Execu- action of Deriv- ciseable Amount of of of ship of In- ative Exercise Date tion Code ative and Expir- Underlying Deriv- Deriv- Form of direct Securi- Price of Date, (Inst. Securi- ation Date Securities ative ative Deriv- Bene- ty Deriv- (Month/ if any 8) ties (Month/ (Instr. 3 Secur- Securi- ative ficial (Instr. ative Day/ Acquired Day/Year) and 4) ity ties Security: Owner- 3) Security Year) (Month/ (A) or (Instr. Benefi- Direct ship Day/ Disposed 5) cially (D) or (Inst. Year) of (D) Owned Indirect 4) (Instr. Follow- (I) 3, 4, ----------------------------- ing (Instr. and 5) Amt or Reported 4) Date Expira- Title Number Trans- ------------------ Exer- tion of action(s) Code V (A) (D) cisable Date Shares (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Employee 225,000 Stock Option (right to buy) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Explanation of Responses: (1) Crown Properties, LC acquired the Common Stock in exchange for assets with a fair market value of $ 36,000. (2) Includes 14,400 shares of Common Stock owned directly by Douglas Lamb's spouse, Marsha K. Lamb, and 1,005,000 shares of Common Stock owned by Crown Properties, LC, which is wholly owned by Marsha K. Lamb. (3) Bonanza Energy Corporation of Kansas acquired the Common Stock in exchange for assets with a fair market value of $ 360,000. (4) Bonanza Energy Corporation of Kansas is jointly owned by Douglas Lamb and Marsha Lamb. (5) Bonanza Oil & Gas Corporation is jointly owned by Douglas Lamb and Marsha Lamb. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Douglas L. Lamb 11/8/02 -------------------------------------------------------- ----------------- Douglas L. Lamb Date /s/ Marsha K. Lamb 11/8/02 -------------------------------------------------------- ----------------- Marsha K. Lamb Date CROWN PROPERTIES, LC /s/ Marsha K. Lamb 11/8/02 -------------------------------------------------------- ----------------- Marsha K. Lamb, Manager Date Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. Page 2

Form 4 Reporting Person ---------------- Douglas L. Lamb Date of Event Requiring Statement --------------------------------- 11/8/02 Issuer Name ----------- Quest Resource Corporation List of Other Joint Filers -------------------------- Names and Addresses Marsha K. Lamb; 703 East Main Street, Benedict, KS 66714 Crown Properties, LC; 701 East Main Street, Benedict, KS 66714

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