Quantum Energy, Inc. announced that an agreement in principal has been reached with Northstar Transload LLC to increase the number of acres to be acquired by Quantum from 80 cares to 122 plus acres. The increased acres will accommodate future refinery related plans for the proposed Fairview Refinery in East Fairview, North Dakota.
"Some of our recently announced plans prompted Northstar to initiate discussions for us to acquire an additional 42 plus acres contiguous to the 80 acres we already have under contract," said Andrew Kacic, Quantum CEO. "The increased acreage will allow Quantum to bring on additional projected revenue streams to further enhance Q earnings. These discussions also include more favorable terms of a long term lease purchase. We have been told to expect proposed documents soon."