quantum energy inc (QEGY) Key Developments
Quantum Energy and Native Son Holdings Plan to Form a Joint Venture
Jul 17 15
Quantum Energy, Inc. and Native Son Holdings, LLC announced their intent to form a Joint Venture for the construction and operation of a 40,000 barrel per day refinery in Berthold, North Dakota. The joint venture will be known as "Quantum Native Processing Partners, LLC," and will be owned by Quantum and Native Son Refining LLC, a subsidiary of Native Son Holdings LLC.
Robert L. Monday Joins Quantum Energy, Inc.'s Advisory Board
Jul 16 15
Quantum Energy, Inc. announced that Robert L. Monday has joined the Quantum Advisory Board. Mr. Monday, the former Managing Director of Acquisitions at The Broe Group in Denver, brings forty years of diverse real estate development, capital formation and acquisitions experience to the Quantum team. Most recently, Mr. Monday has assembled a team of engineers, developers and investors to form Native Son Holdings, LLC and its group of companies including Native Son Refining, LLC.
Quantum Energy, Inc. Secures North Dakota Site for Energy Center Stanley, North Dakota Site Under Two Year Option Agreement
Nov 3 14
Quantum Energy, Inc. announced that it has signed a two year Option Agreement on a two hundred sixty (260) acre site in the Stanley, North Dakota area in Mountrail County, North Dakota for the construction and operation of an Energy Center that will include a 20,000 barrel per day topping plant diesel refinery. Quantum's design plan includes the latest clean technology to capture the CO2 released from their facilities for use in Enhanced Oil Recovery (EOR) throughout the Bakken. Additionally, each facility will also include a natural gas liquids (NGL) stripping capacity of at least 100,000 barrels per day which will build barrel value, provide the potential for local/regional propane production and provide for significantly reduced crude volatility to facilitate enhanced rail tank car safety. The 20,000 barrel per day diesel refinery will provide 100 plus full time jobs in the Stanley area as well. With the addition of the Stanley site, on-going efforts to finalize negotiations on a site in Billings, MT ceased as of October 30, 2014 due to the landowner's inability to specify in a timely manner which 100 acres of a larger tract would be the Option Property. "The mechanics of the timing of when the legal description of the 100 acre Option Property was to be broken out of the larger tract became a drafting deal point that was never satisfied by the Landowner.
Quantum Energy, Inc. Selects Neil Amondson as New President of Quantum and Member of the Board of Directors
Oct 31 14
Quantum Energy, Inc. announced that Neil Amondson has been selected as the new President of Quantum and named a member of the board of directors. Amondson also serves as co-Founder and VP of NorthStar Transload.
Quantum Energy, Inc. and Bilfinger Westcon Inc. Launch Strategic Alliance to Develop Multiple Refineries
Sep 15 14
Quantum Energy, Inc. has entered into a Strategic Alliance with Bilfinger Westcon Inc. for the development of a series of diesel refinery projects throughout the Bakken Formation.