Indianapolis, IN, May 14, 2014 – Quest Energy Corporation, a diversified energy company focused on the extraction, processing, storage and distribution of traditional energy sources and products in the United States and Caribbean, is pleased to announce that production has commenced on its surface mining operations at its Kite, KY complex.
As previously announced in mid-2013, Quest began development of the contour and auger mining operations, receiving regulatory and blasting approval in February of this year. Since then, the company has worked expeditiously towards coal production, with the first auger coal being extracted in late April.
Utilizing contour strip and auger mining methods, the company is initially targeting the Elkhorn 3, Elkhorn 3 Rider, and Elkhorn 2 coal seams, with a potential to also extract coal from the Hazard 4 coal seam at a later date. All coal within these seams carry a high BTU and low (less than 1%) sulfur (except for the Elkhorn 3 seam, which as a sulfur content of 1-2%). While Quest has attractive orders for this coal on the thermal market, the company is also evaluating other specialty markets for the coal (such as PCI or met blend), which may command a premium to the thermal market.
Mark Jensen, Chairman / CEO of Quest Energy Corporation, commented: “We are very excited to have this surface mine come into production. Not only does it allow Quest to provide its customers with a wider variety of coal qualities and specifications, but it also diversifies the company’s revenue base. With approximately 4 to 5 years’ worth of contour and auger work ahead of us with this mine, we look forward to this mine being a meaningful contribution to the larger Quest operations for the for seeable future.”
Please feel free to contact us or the company with any questions or comments.
ABOUT QUEST ENERGY CORPORATION
Quest Energy Corporation is a diversified energy company focused on the extraction, processing, storage and distribution of energy sources and products. Quest’s business model is built around niche, localized and scalable low cost operations, and is currently focused on business opportunities in the Appalachian region of the United States and the Caribbean. The company prides itself on utilizing the highest safety standards within its operations, while also attempting to minimize the impact on the environment during our extraction, processing and/or distribution of fuel products.