It would require some impressive political gymnastics, but LNP leader Tim Nicholls hasn't given up hope of forming a minority government in Queensland.
More than 76 per cent of the vote from Saturday's election have been counted, with Labor holding 44 seats and the LNP on 36.
Nine seats remain in doubt and Mr Nicholls says approximately 300,000 votes are yet to be counted.
Premier Annastacia Palaszczuk is confident she will secure the 47 seats she needs to form a majority government, but Mr Nicholls said on Wednesday that outcome was looking less likely by the day.
"This election is not over yet," Mr Nicholls said.
"The counting has swayed since Saturday night, and seats that people thought weren't going to be in play are clearly in play."
Mr Nicholls said Ms Palaszczuk had made a promise to voters she would not make deals to form a minority government and called on her to let him have the chance to form government if she can't get 47 seats.
"The real questions as we head into the next few days and wait for those votes to be counted is what is Annastacia Palaszczuk's position?," Mr Nicholls asked.
"Is she backtracking from the commitment she gave or will she do what she said she would do and go into opposition if she cannot get a clear majority when the count is finished?"
Current projections have the LNP on track to win 40 seats, meaning they would need the support of a disparate crossbench to form government.
Katter's Australian Party has won two seats and is poised to claim victory in the north Queensland electorate of Hinchinbrook.
Independent Margaret Strelow, a former ALP member, leads the race for the seat of Rockhampton while another independent, Sandra Bolton, claimed an upset win in Noosa.
Any crossbench support will also have to bring together an unlikely alliance between One Nation's Stephen Andrew, who has won the seat of Mirani, and Greens candidate Michael Berkman, who is firmly in the hunt for the Brisbane seat of Maiwar.
Regardless of the complications, Mr Nicholls believes he could find a way to form government.
"I've always been very much of the view that we need to see where the votes come," he said.
"This is an election that we haven't seen in Queensland for the better part of 20 years. People are making all their predictions, I think there are going to be a few people with egg on their faces."
Mr Nicholls said the uncertain election result made talk of his own future as LNP leader premature and also accused Ms Palaszczuk of hubris after holding a press conference on Monday where she claimed it was business as usual for the Labor government.
