The company said Wednesday that it had filed articles of amendment with the Utah Secretary of State office.

The Quest board also has approved a 1-for-20 reverse stock split for all currently outstanding common stock shares.

Total pre-split common stock shares outstanding are 1,956,466,735, while post-split total outstanding will be 97,823,337 subject to fractional shares settlement.

Both the name change and reverse stock split were effective at the start of business on June 17.

The producer’s new symbol will be QMIND.PK, with the D removed 20 business days from June 17.

According to a recently filed notice with the US Securities and Exchange Commission, Kentucky Energy’s wholly owned subsidiaries include Quest Energy, E-Z Mining and Gwenco.

Company-wide, first quarter 2010 coal revenues of $US680,000 was reported, compared with $330,000 in the corresponding 2009 quarter.

“While certain general business conditions continue to improve, the continued effects of the recent recession, credit crisis, and related turmoil in the global financial system has had, and may continue to have, a negative impact on our business, financial condition, and liquidity,” Quest noted in the SEC documentation submitted in late May.

“We may face significant future challenges if conditions in the financial markets do not continue to improve.

“Worldwide demand for coal has been adversely impacted by the global recession, but the steel industry and the global metallurgical coal markets have shown signs of improvement.

“If this trend continues, coal demand should increase and improve our opportunities to sell our coal products at higher prices.”