[Ftba-devel] Press Release Source: Quantum Energy, Inc

[Monica Reeder]

Great News Just out.
Quantum Energy, Inc. Announces Update on Barnett Shale Horizontal Well

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QUANTUM ENERGY INC (QEGY)
CURRENT_PRICE: $2.75 UP FROM $0.15 a couple months ago


About the company Quantum Energy is a publicly traded growth orientated oil and 
gas exploration company. The objective is to seek out and define opportunities 
that represent a low risk 0pp0rtunity to develop positive cash flow. As well, 
the company aims to define larger projects that can be developed with Joint 
Venture partners or be entered into by a Joint Venture.

Press Release Source: Quantum Energy, Inc.

Quantum Energy, Inc. Announces Update on Barnett Shale Horizontal Well
Friday July 28, 9:00 am ET

LAS VEGAS, NEVADA--(MARKET WIRE)--Jul 28, 2006 -- Quantum Energy, Inc. (OTC 
BB:QEGY.OB - News) -
ADVERTISEMENT

Quantum Energy issues update on the Barnett Shale Horizontal well - the Inglish 
# 1H. Drilling commenced on June 30, 2006 and was completed on July 26, 2006. 
This well is located in the Barnett Shale play of Fort Worth Basin, Texas and 
is operated by Rife Operating, Inc. Drilling reached a total depth of 9,886'. 
The well has been cased and cemented. Well completion including perforation and 
frac is expected on August 12, 2006


QUANTUM ENERGY INC. PURCHASES NEW FACILITY 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 di
sposal 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.

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