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Check out for HOT NEWS!
QUANTUM ENERGY INC (QEGY)
CURRENT_PRICE: $2.34 GET IT N0W!
About the company Quantum Energy is a publicly traded growth
orientated oil and gas exploration company. The objective is
to seek out and define opportunities that represent a low
risk 0pp0rtunity to develop positive cash flow. As well, the
company aims to define larger projects that can be developed
with Joint Venture partners or be entered into by a Joint
Venture.
Red Hot News
QUANTUM ENERGY INC. PURCHASES NEW FACILITY CORSICANA TEXAS.
July 20, 2006 Quantum Energy, Inc. (QEGY) announced that its
joint venture partner, JMT Resources, Ltd. has entered into
a contract to purchase a ten acre facility yard in
Corsicana, Texas. The acquisition was formerly the
facilities yard for Mobile Oil, and is adjacent to the
Corsicana Field, which it operates. The site contains an
assortment of oil field equipment that the joint venture
partnership will utilize in its field operations. The
acquisition also gives the JV partnership surface ownership
of its water injection disposal well, which is in the
permitting process with the Texas Railroad Commission.
Ownership of this parcel will reduce operating costs; it
will also give the JV partnership the option to add more
injection disposal wells on this site, while housing its own
redevelopment operations.
Due to the substantially increased Barnett Shale drilling
activities in Johnson and surrounding counties, there is an
enormous need for disposal options of high chloride (salt)
water, which is used in the stimulation of Barnett Shale
wells. Operators in the area are required to dispose of this
treated water in sanctioned disposal zones. In this area,
the zone most prevalently used is the Woodbine, which is the
depth of the well the partnership is currently permitting.
Demand for disposal facilities is substantial. Operators
have resorted to trucking their treated water several hours
from location for disposal. Current disposal rates are $2
per barrel and trucks will carry 150 to 200 barrel
capacities. It is estimated that the JV partnership will be
able to dispose of approximately 5,000 barrels of treated
water per day. This operation will allow the JV partnership
to attain substantial cash flow from this ancillary oil
field operation reducing its reliance on outside capital.
It is expected that the water disposal well will be
operational during the fourth quarter of 2006. This facility
would also be available for disposal of waste water
recovered from the Nacatoch wells in the JV Polymer project
as well. Ultimately, the disposal fluid from the polymer
will be quite significant once the project passes from the
pilot phase into full development. Correspondingly, the
availability of the water disposal well that is owned by the
JV partnership will lead to reduced costs and higher
efficiencies.
You’ll be stunned by the return this stock will generate for
you.
Enjoy the financial freedom your successful trading gives.
Good luck!
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