Welcome!

News Feed Item

Quantum Energy Issues Shareholder Update

TEMPE, AZ -- (Marketwired) -- 08/21/14 -- Quantum Energy, Inc. (PINKSHEETS: QEGY), with offices in Williston, North Dakota, made a presentation to the Yellowstone County Commissioners and Big Sky Economic Development Tuesday, August 19, 2014 in Billings, Montana about their proposed 5 refinery plan to bring a new generation of refineries to North Dakota & Montana including one in Billings.

Andrew J. Kacic, CEO, shared plans to develop a 20,000 barrel-per-day diesel refinery at the center of both the diesel demand and the supply of crude in the Bakken oil field region of Montana and North Dakota. Mr. Kacic touched on the key elements that set the micro-refinery concept apart from the traditional refinery:

  • Lower diesel fuel costs for the area agriculture producers and other businesses. The company believes it makes no sense to pay transportation cost twice (there and back) to distant refineries in Texas and beyond -- the goal is for 100% of the diesel to be used within a 100 miles radius of the facility.
  • Process crude to remove some of the natural gases prior to transportation which will lower the cost of propane locally.
  • Capture and use the C02 (Greenhouse Gases) for Enhanced Oil Recovery (EOR) to produce oil and gas in the region.

When asked for the reason behind the decision to consider Billings Kacic said, "Existing infrastructure and a ready labor force both make Billings an attractive option for the proposed plant."

Governmental support is another reason. Earlier in the week in a report on KLUR 8 News, Commissioner Ostlund stated, "This will bring hundreds of construction jobs, over 100 good paying jobs, permanent jobs in the refinery, and add so much to the tax base in the economy and we're perfectly situated for it and enthusiastic about the project."

Steve Arveschoug, Executive Director of Big Sky EDA agrees saying, "We need to make sure our infrastructure's ready when a company wants to respond, especially in the energy industry, they want to respond to a market opportunity, they need to move right away or they lose that opportunity. So Billings needs to be willing to invest in our infrastructure and invest in our workforce."

Neil Amondson, Chairman of Quantum's Advisory Board, was also in attendance and stated, "The Yellowstone Commission working with Big Sky EDA is a confirmation of what Quantum Energy has to offer clean energy friendly communities throughout America. Their interest in creating high paying family wage jobs, responsible Greenfield developments and energy independence is most commendable. Billings is a beautiful City, strategically located in the energy corridor, Quantum welcomes this opportunity to deliver with the newest refinery technologies available," said Amondson

Bill Bradley, director for Bilfinger Westcon Inc. (www.westconindustries.com), who has formed a strategic alliance with Quantum Energy, told the panel, "We are looking at trying to break ground in mid to late spring next year, and that will be dependent on the permitting process." When asked about jobs, Mr. Bradley replied, "We do try to hire local." Bradley said, "That's where we get the best craftsmen. We have around 2,500 Montanans in our database who have worked for us across different projects."

http://billingsgazette.com/news/local/county-officials-roll-out-welcome-mat-for-proposed- bakken-refinery/article_2f048f07-b271-5c03-bd19-a35177176fd4.html

About Quantum Energy, Inc.

QUANTUM ENERGY, INC. is a development stage, publicly traded, diversified holding company with offices in Williston, North Dakota. Quantum places an emphasis in refinery development, land holdings, oil and gas exploration, drilling, well completion and fuel distribution www.quantum-e.com.

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

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
“delaPlex Software provides software outsourcing services. We have a hybrid model where we have onshore developers and project managers that we can place anywhere in the U.S. or in Europe,” explained Manish Sachdeva, CEO at delaPlex Software, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"We view the cloud not really as a specific technology but as a way of doing business and that way of doing business is transforming the way software, infrastructure and services are being delivered to business," explained Matthew Rosen, CEO and Director at Fusion, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
Continuous testing helps bridge the gap between developing quickly and maintaining high quality products. But to implement continuous testing, CTOs must take a strategic approach to building a testing infrastructure and toolset that empowers their team to move fast. Download our guide to laying the groundwork for a scalable continuous testing strategy.
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
StackIQ has announced the release of Stacki 3.2. Stacki is an easy-to-use Linux server provisioning tool. Stacki 3.2 delivers new capabilities that simplify the automation and integration of site-specific requirements. StackIQ is the commercial entity behind this open source bare metal provisioning tool. Since the release of Stacki in June of 2015, the Stacki core team has been focused on making the Community Edition meet the needs of members of the community, adding features and value, while ...
With 15% of enterprises adopting a hybrid IT strategy, you need to set a plan to integrate hybrid cloud throughout your infrastructure. In his session at 18th Cloud Expo, Steven Dreher, Director of Solutions Architecture at Green House Data, discussed how to plan for shifting resource requirements, overcome challenges, and implement hybrid IT alongside your existing data center assets. Highlights included anticipating workload, cost and resource calculations, integrating services on both sides...
The cloud competition for database hosts is fierce. How do you evaluate a cloud provider for your database platform? In his session at 18th Cloud Expo, Chris Presley, a Solutions Architect at Pythian, gave users a checklist of considerations when choosing a provider. Chris Presley is a Solutions Architect at Pythian. He loves order – making him a premier Microsoft SQL Server expert. Not only has he programmed and administered SQL Server, but he has also shared his expertise and passion with b...