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Top 5 Reasons to Watch this
Quantum Energy
1. OPPORTUNITY. Proven oil & gas properties.
2. EXPANSION. Expanding development and exploration in the United States.
3. POSITIVE CASH FLOW. Developing positive cash flow within 12 months.
4. JOINT VENTURES. Further development of strategic partnerships for joint venture prospects.
5. MERGERS. Long term goal is to be purchased by a large oil and gas company.
For More Information Go To www.QuantumEnergyInc.net
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Presenting Quantum Energy, Inc.
(OTCBB:QEGY)
The Alert Is ON!! |
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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.
![]() Red Hot News!!
QUANTUM ENERGY INC. PURCHASES NEW FACILITY IN 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.
PROJECTS
Corsicana - 3 Projects
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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