QEGY Quantum Energy Inc (PK)

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.

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