OILMAN HAS 8.7 PCT OF QED EXPLORATION &lt;QEDX>

  Kansas oilman Nicholas Powell told
  the Securities and Exchange Commission he has acquired 195,000
  shares of QED Exploration Inc, or 8.7 pct of the total
  outstanding common stock.
      Powell, who heads Prairie Resources Corp and Mack C. Colt
  Inc, both Kansas oil and gas exploration companies, said he
  bought the stock for investment purposes.
      Powell, who said he has already spent 609,831 dlrs on his
  QED stock, said he plans to buy more shares as long as he
  considers them to be undervalued.
  

