Unclear, but in the newsgroup posting/HolQeD article where the {Qoylu'pu'} idiom is explained, it says that the hours are labeled 1 through 24 in the {tera' rep N} system, but says nothing about how midnight is labeled using the {Qoylu'pu'} method, so I would assume it is {cha'maH loSlogh Qoylu'pu'} (as otherwise I would've expected it to be noted). But I would accept {paghlogh Qoylu'pu'} if I heard/saw it.
And is there a way to tell the minutes when using *Qoylu'pu'*?
Not that we know. But the form of the idiom suggests not, since presumably whatever is heard happens on the hour.