CashcowMag.com Presents Quantum
Energy, Inc. (OTCBB:QEGY)
Quantum Energy,
Inc. (OTCBB:QEGY)
is a publicly traded growth orientated oil and
gas exploration company. Quantum’s objective is to seek out
and define opportunities that represent a low risk
opportunity to develop positive cash flow. As well, they aim
to define larger projects that can be developed with Joint
Venture partners or be entered into by a Joint
Venture.
Quantum is confident that viable opportunities
exist in a sector that the company believes holds long-term
fundamental strength. To that end they will pursue tangible
projects or assets through their contacts and relationships
within the Oil & Gas sector.
PROJECTS
Corsicana
The Corsicana project consists of three major
operations. The first is the exploration of the
Nacotoch Reservoir which covers 4,000 acres. Reservoir
engineers have determined that there are approximately 21,000 barrels of oil per acre in place and with a
successful polymer flood will recover 40 to 60% of the
reservoir estimates at 80 million barrels.
The second project in Corsicana is to conduct a
3D seismic survey over their 4,000 leased acres. The
3D seismic contract has been signed with a firm in Houston,
TX and the actual shoot will take 18 days to complete.
This seismic will clearly identify the Nacotoch Reservoir
throughout the entire 4,000 acre lease. This will be
very important as the Nacotoch flood project continues to
expand.
The third project in Corsicana is the salt water
waste disposal project. There are thousands of
producing wells within a 40 mile radius of
Corsicana. The majority of these wells are below
sea level and accordingly salt water is produced with the
oil. Their partner, JMT Resources, has secured a salt
water disposal permit from the TRC (Texas RailWay
Commission). JMT will also be seeking further
permission to drill multiple injecting wells. The
profit flow from a single injection well at today’s price
levels is $60,000 per month. There is a huge
demand for access to injection facilities and this is an
area we will be greatly expanding on in the next several
months.
Barnett Shale
Some experts have suggested the Barnett Shale may
be the largest onshore natural gas field in the United
States. The field is proven to
have 2.1 trillion cubic feet (59 km³) of
natural gas, and is widely estimated to contain as much as
30 trillion cubic feet of natural gas
resources.
Quantum acquired a 5% working interest in
the first horizontal well drilled by Rio Energy. According
to published TRC data, some wells have produced
approximately 35,000 barrels of oil in three months. The
features of the horizontal wells provide that the horizontal
hole extend approximately 2000 ft through the producing
formation. This enables a much greater access to
production zones as opposed to that which is provided by
vertical wells.
Quantum has a 10% working interest in the Boyd #1
and the Inglish #2 in the Barnett Shale. The Boyd well
commenced production February ‘06 and the Inglish well is
being re-completed due to mechanical problems and has
recently gone into production.
Quantum intends to secure funding witch will
enable the company to take part in further acreage
acquisitions in the Barnett Shale and the Fayetville Shale
in Arkansas.
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Quantum
Energy, Inc. (QEGY)
July/17/2006 - Cash Cow Magazine has not received payment
for the presentation of Quantum Energy, Inc. Cash Cow
Magazine employees, owners and or management may own shares
in Quantum Energy, Inc. purchased from the open
market. Cashcowmag.com,
its employees, management, and/or owners have purchased
shares of QEGY in the open market. 50,000 shares were
purchased at $2.25 per share (07/18/06) and an additional
25,000 shares were purchased at $2.34 per
share(07/19/06). Cash Cow
Magazine On-Line has been advised that the investments
herein are considered to be HIGH RISK and use of the
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