Quantum Energy Announces New CEO, Plans to Capture CO2 for Enhanced Oil Recovery and Reducing Volatility by Stripping NGLs
26 Marzo 2014 - 9:25AM
Marketwired
Quantum Energy Announces New CEO, Plans to Capture CO2 for Enhanced
Oil Recovery and Reducing Volatility by Stripping NGLs
TEMPE, AZ--(Marketwired - Mar 26, 2014) - Quantum Energy, Inc.
(PINKSHEETS: QEGY) announced today that Andrew J. Kacic has been
named as the new Chief Executive Officer (CEO) and as a member of
the board of directors of Quantum.
Mr. Kacic is an experienced oil & gas executive and
investment banker with particular expertise in primary and
secondary finance strategies, capital management and corporate
organization. Mr. Kacic brings more than 28 years of
progressive experience as a chief executive in investment banking,
public securities and oil and gas markets. As the president and
founder of American Resources of Delaware, Inc. and its subsidiary
Southern Gas Company, Mr. Kacic oversaw its growth from
$220,000 to $40 million in less than 4 yrs. Mr. Kacic has also
served as CEO for numerous publicly traded oil and gas companies to
assist in their SEC filings and corporate restructuring. As the
founder and CEO of Securities Network, Inc. (formerly Design
Capital Securities Corp), an Arizona based NASD broker dealer with
22 offices and over 140 registered representatives, Mr. Kacic
acquired his expertise with the capital markets. His company,
Advisory Services, Inc. (ASI), an advisory and consulting firm
since 1982, successfully orchestrated the structuring and funding
of a $221 million dollar (Canadian) IPO in Canada that set
precedence in the industry in 2004. Mr. Kacic is currently based in
Williston, ND involved in oil field related services and has been
advising Quantum since June of 2013. ASI serves in an advisory
capacity to numerous clients including many in the Bakken
field.
"Quantum is fortunate to have a leader of Mr. Kacic's caliber
join our team. Under his leadership Quantum plans to explore
the capturing of refinery generated CO2 to use it for Enhanced Oil
Recovery (EOR) throughout the Bakken as well as the stripping of
NGLs to reduce the volatility of Bakken crude for safety reasons
prior to loading it for transport," said Stan Wilson, Quantum
Chairman.
"I am excited about this opportunity and look forward to
exploring CO2 capture and EOR as well as stripping NGLs to reduce
the volatility of the Bakken crude prior to loading it on railcars.
Using CO2 as an alternative to water to enhance oil recovery could
be a game changer in the Bakken as well. We have engaged an auditor
and have begun steering the company to fully reporting status and
on to trading on the NASDAQ or AMEX," Kacic said.
The Fairview Refinery, adjacent to the proposed Northstar
transload, will process 20,000 barrels of Bakken crude oil per day
and will operate as a topping plant. It will convert around one
third of the crude oil into diesel fuel. The refinery will
produce approximately 7,000 barrels of diesel per day which will
reduce the amount of diesel imported into North Dakota by marketing
the diesel output in the Bakken region. The design plans
explore the possibility for the capture of the CO2 generated by the
refinery for distribution to oil field sources for use in an
enhanced oil recovery injection program.
Upon closing, permitting and completed construction, the
refinery is projected to generate annual revenues in excess of
$600,000,000 with EBITDA in excess of $60,000,000 and employ 100
plus full time employees.
The new Quantum website can be found at
www.quantum-e.com. A complete description of the Northstar
transload can be found at www.nstenergy.com.
About Quantum Energy, Inc.
QUANTUM ENERGY, INC. is a development stage publicly traded
diversified holding company with offices in the Bakken field in
Williston, North Dakota. Quantum places an emphasis in land
holdings, refinery and rail transload development, oil and gas
exploration, drilling, well completion and fuel distribution.
Safe Harbor Forward-Looking Statements
To the extent that statements in this press release are not
strictly historical, including statements as to revenue
projections, business strategy, outlook, objectives, further
milestones, plans, intentions, goals, future financial conditions,
future collaboration agreements, the success of the Company's
development, events conditioned on stockholder or other approval,
or otherwise as to future events, such statements are
forward-looking, and are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of
1995. The forward-looking statements contained in this release
are subject to certain risks and uncertainties that could cause
actual results to differ materially from the statements made.
For Company Contact: Invest Com USA 1-855-424-7447
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