Business
Quantum Energy, Inc. Announces New Management Team
Quantum Energy, Inc. Announces New Management Team.
About this update from Quantum Energy, Inc.
[{"type":"text","content":"\n\n CHICAGO, Nov. 28, 2017 (GLOBE NEWSWIRE) -- Effective November 8, 2017, Jeffrey Mallmes was appointed Chairmen of the Board, President and Treasurer of Quantum (OTC Pink:QEGY).  Also on that date, Andrew J. Kacic was appointed director and secretary of Quantum and Keith Stemler, who heads Quantum’s Dominion subsidiary, was appointed a director of the Company and Chief Operating Officer and Stanley F. Wilson resigned as an officer of the Company. \n Mr. Stemler brings over 35 years of construction and senior project management experience in Western Canada's natural resources sector. His project management activities have included supporting multi-billion dollar capital projects on behalf of major industry Bitumen producers such as ExxonMobil, Husky Energy and Suncor. Through this experience, Mr. Stemler has gained valuable insight into cost saving ventures, design modeling, project execution, scheduling and cost budgeting. Mr. Stemler has received many safety awards and recognition for his efforts that contributed to large financial gains by eliminating duplicate engineering and reducing independent risk assessments. \"Mr. Stemler's expert knowledge and experience in mining projects, Bitumen processing facilities and hydro treatment and recovery systems will be a significant asset to the goals and objectives of Dominion Energy Processing Group, Inc.,\" said Quantum’s Chairman and President Jeff Mallmes. \"I will continue to provide leadership and guidance for the first of many planned refinery developments in Canada. Having served over many years in an advisory capacity to Quantum, I welcome this opportunity to provide project management for the development of a proposed 40,000 bpd project the Company intends to develop in Stoughton, Saskatchewan. We will continue to work through the last remaining gates moving the project forward. The Stoughton project has received excellent support from the Local and Provincial Governments providing assistance and direction as we work towards execution. Dominion Energy will begin to focus on our staffing requirements to expand our project team as well as seek additional oil and gas revenue projects in Alberta and Saskatchewan,\" Mr. Stemler said. Quantum is also continuing to work on the proposed Bakken refinery development projects with ongoing permitting ef...