Dominion Energy Processing Group, Inc. Announces Refinery Supply and Offtake Alliance

TEMPE, AZ -- (Marketwired) -- 03/21/17 -- Refinery and energy processing developer Quantum Energy, Inc. (OTC PINK: QEGY) today announced that its Canadian subsidiary, Dominion Energy Processing Group, Inc., has signed a non-binding Letter Of Intent with Ceres Global Ag Corp. (TSX: CRP), to evaluate the use of Ceres' Northgate Terminal as an in-take and off-take partnership for the Stoughton refinery in Saskatchewan. "Having this LOI in place has allowed both parties to functionally move forward toward an agreement," said Keith Stemler, Dominion CEO. "Ceres Northgate Terminal, through its connection to the BNSF Railway, has agreed to assess supplying supplemental Bakken Sweet Crude for the Stoughton Refinery as well as purchasing finished product off-take such as ULS diesel, ULS Gasoline and Jet 'A' fuels," Stemler added. "Dominion and our Engineer of Record EOR will work closely with Ceres to explore all commodity requirements and Canadian and US logistics to and from the Northgate terminal," said Stan Wilson, Quantum CEO.

"We are pleased to be working with this dynamic group," Stemler stated.

Although there can be no assurances that Dominion and Ceres will enter into a binding agreement, both Dominion and Ceres are mutually working to achieve that goal through this LOI.

About Quantum Energy, Inc.

QUANTUM ENERGY, INC. is a publicly traded, diversified holding company. Quantum places an emphasis in refinery development, land holdings, oil and gas exploration, drilling, well completion and fuel distribution primarily in the Bakken field www.quantum-e.com.

DOMINION ENERGY PROCESSING GROUP, INC. is a Canadian corporation established as a wholly owned subsidiary of Quantum for the purpose of transacting the development and operation of energy processing facilities in Canada with its primary focus on its project in the Stoughton, Saskatchewan region www.dominionenergyca.com.

Safe Harbor Forward-Looking Statements

To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, further milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

For Company Contact:
480-366-5884

Source: Quantum Energy, Inc.

You May Also Be Interested In

• Iran’s president calls for end to war with US
• Anbogen Therapeutics and The University of Tokyo Enter Collaborative Research Agreement to Evaluate ABT-301 Across Multiple Tumor Types, Targeting Accelerated Human Clinical Indication Expansion
• Consortium launches cross-regional pilot on post-quantum security with participation from banks and regulatory stakeholders