We will do better than this!
From .15 to over $3.00 in 6 months, and only taking small interests in wells. Copley is right! if the Mesa hits we will be well over $5.00 in 2 years!
Quantum Energy, Inc. Announces Inglish #5 is on Line
October 18, 2006
Quantum Energy, Inc. (OTC BB:QEGY.OB - News)(FWB: B6A)
The company is pleased to announce that the Inglish #5 well in the Barnett Shale has exceeded expectations in its initial production stage.
The well came into production on October 12, 2006 and has produced 2355 barrels of oil and 5,245,000 MCF of gas in six days of production. This well has averaged 390 Bbls of oil per day.
To date 1,975 Bbls of oil and the gas production have been sold.
Quantum has a 5% working interest in the well.
About Quantum Energy, Inc.
Quantum Energy's objective is to seek out and develop opportunities in the Oil and Natural Gas sectors that represent a low risk opportunity. As well, Quantum aims to define larger projects that can be developed with Joint Venture partners. Quantum is confident that these viable opportunities exist in a sector that holds long-term fundamental strength.
Quantum intends to exploit energy exploration opportunities through various partnerships available throughout the Southern United States and in doing so build significant Oil and Natural Gas reserves and capital appreciation to its shareholders.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications which may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above.
Contacts:
Quantum Energy, Inc.
Andrea Bleasdale
Investor Relations
Toll Free: 1-888-740-7276
Website: www.quantumenergyinc.net
All of the opinions expressed here, inclusive of all my past, present or future post, are mine, and mine alone. The opinions expressed are not a buy or a sell recommendation. Do your own Due Diligence.
AI
