Quantum Energy Expands Fairview Refinery Site, Begins Conditional Use Permit Process
01 Abril 2014 - 10:25AM
Marketwired
Quantum Energy Expands Fairview Refinery Site, Begins Conditional
Use Permit Process
TEMPE, AZ--(Marketwired - Apr 1, 2014) - Quantum Energy, Inc.
(PINKSHEETS: QEGY) announced today that an agreement in principal
has been reached with Northstar Transload LLC to increase the
number of acres to be acquired by Quantum from 80 cares to 122 plus
acres. The increased acres will accommodate future refinery
related plans for the proposed Fairview Refinery in East Fairview,
North Dakota.
"Some of our recently announced plans prompted Northstar to
initiate discussions for us to acquire an additional 42 plus acres
contiguous to the 80 acres we already have under contract," said
Andrew Kacic, Quantum CEO. "The increased acreage will allow
Quantum to bring on additional projected revenue streams to further
enhance Q earnings. These discussions also include more favorable
terms of a long term lease purchase. We have been told to expect
proposed documents soon."
Quantum announced recently its plan to construct the Fairview
Refinery that will process 20,000 barrels of Bakken crude oil per
day and will operate as a diesel topping plant. "We are
initiating the Conditional Use Permit process and have retained the
services of Territorial Landworks Inc. to assist and advise us in
that process," Kacic added.
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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