Quantum Energy Signs LOI for 2nd Refinery Site

TEMPE, AZ (Marketwired Jun 19, 2014) Quantum Energy, Inc. (PINKSHEETS: QEGY), announced today that Quantum has entered into a fully executed Letter of Intent for the acquisition of 400 acres near the city of Baker in Fallon County, Montana for the development of a 21stCentury Energy Center to include a 20,000 barrel per day diesel refinery. The LOI calls for a Contribution Agreement to be executed no later than July 3, 2014 by which title to the 400 acres is to be exchanged for shares of Quantum common stock. Quantum also has an existing  purchase agreement for a refinery site with Northstar Transloading LLC in East Fairview, ND. The prospect of the Baker refinery was reported on by the Baker Montana Dickinson Press newspaper under the headline Oil refinery project proposed for Baker: More facilities possible for Minot, East Fairview  in its June 17, 2014 edition which is linked below. Excerpts from the article include: BAKER, Mont. An oil and gas exploration company is in the ear
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