QUANTUM ENERGY, INC. (OTCMKTS:QEGY) Files An 8-K Other Events
Item 8.01 Other Events.
On June 8, 2018, the Registrant amended and extended the Farm Contract of Purchase and Sale (dated December 5, 2016) with a land owner in Stoughton, Saskatchewan to increase the purchase price of $525,000 (Canadian) and extended the option to purchase the property until December 31, 2018. That Farm Contract expired on December 31, 2018. Management is currently negotiating an additional extension of that Farm Contract.
About QUANTUM ENERGY, INC. (OTCMKTS:QEGY)
Quantum Energy, Inc. is a development-stage diversified holding company. The Company focuses on land holdings, refinery and rail transload development, oil and gas exploration, drilling, well completion and fuel distribution. It has a joint development agreement with Bilfinger Westcon of Bismarck for the development of multiple energy center throughout the Bakken. The Bakken Refinery project will be a part of an energy center concept that consists of the development of 20,000 barrel per day diesel topping refinery that will also include an adjacent natural gas liquid (NGL) stripping facility and carbon dioxide (CO2) capture equipment. The project focuses on atmospheric topping plant; naphtha stabilizer; distillate hydrotreater; 667,500 barrel tank farm, and supporting facilities. The project will have an integrated truck loading rack and will produce ultra-low sulfur diesel fuel to be distributed locally, with the secondary products shipped by rail to other refineries or end users.