Current US energy needs have been focusing on the oil and gas markets. New, smaller companies have been working the once-closed oil fields to find leftover reserves. What has been less publicized is that the same general principles apply to other energy sources such as coal. Find a company operating on the premise that there is still economically viable coal remaining in once-producing mines, and a profit may be had.
Quest Minerals & Mining Corp., an acquirer and operator of energy-related properties, extracts natural mineral resources from the southeastern parts of the US. It is quickly approaching production at a reopened coal seam in Eastern Kentucky (its first.) Through its wholly owned subsidies, Quest Energy Ltd. and Gwenco Inc., the company operates over 700 acres of coal mines with approximately 13 million tons of coal in place.
The company (a holding company) is a relatively young concern in its present form. Through a reverse merger with Tillman Inc. and a further merger with Gwenco Inc., the company has developed an infrastructure ready to become a force within the overall energy market. It is currently focusing on coal with its new existing mine operations, and plans to open another new seam by year’s end. The future foresees movement into other forms of energy such as oil and gas.
The company has apparently done its due diligence in setting a long-term plan. Movement from its current coal focus to other energy markets is designed by solidifying its current coal base in Kentucky and moving into West Virginia and western Virginia. Its infrastructure has been historically placed with rail, barge, workers and equipment (in many cases) from earlier mining available, thus reducing costs.
As coal continues to be the leading energy source for power and other plants, the company’s focus on super compliance, or low sulfur, coal may place it among the leaders in natural resource extraction – even with its young age as a factor. The US will certainly need the company’s services well into the future, with company management more than willing to help.
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