REG - Quantum Helium Ltd - Strong 2025 Oil Production at Sagebrush

Quantum HeliumAnnouncement

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RNS Number : 6673X  Quantum Helium Limited  23 March 2026

 

 

23 March 2026

 

Quantum Helium Limited

("Quantum" or the "Company")

 

 

Strong 2025 Oil Production at Sagebrush Generates US$617k Revenue

Quantum Helium Limited (AIM: QHE) is pleased to report steady oil production
and revenue generation from its Sagebrush Project for the 2025 calendar year
in which it holds a 90% working interest.

Highlights

·      Total gross oil production of 11,769 barrels in 2025

·      Production delivered consistently across the year from multiple
Sagebrush wells

·      Gross oil sales revenue in 2025 of US$617,044 at an average oil
price of US$52.20

·      Quantum net sales revenue in 2025 of approximately US$409,000
(after royalties but before lease operating costs)

·      Ongoing oil sales generating revenue to support helium
exploration and development

·      Oil production forms a key component of Quantum's self-funding
development strategy with the Company retaining oil prospectivity across its
asset base

 

Sagebrush Oil Production and Revenue - 2025 (Gross 100%)

 Calendar Quarter  Production (bbls)    Revenue (US$)
 Q1 2025           3,026                     189,461

 Q2 2025           3,244                167,839

 Q3 2025           2,854                 140,790

 Q4 2025           2,645                  118,954

 Total 2025               11,769          617,044

Notes:

1.  Figures are reported on a 100% project basis and are not adjusted for
Quantum's working interest.

2.  Production represents gross oil volumes after 16.67% land royalties and
certain deductions.

3.  Gross and net sales revenue figures are derived from reported annual
sales revenues.

4.  All oil sales are unhedged.

5.  Average oil price of US$52.20 for 2025

6.  Quantum's annual financial year end is 30 June.

Operational Overview

The Sagebrush Project continues to deliver steady oil production from multiple
wells, providing an important revenue stream alongside the Company's helium
development activities.

During 2025, the project produced 11,769 barrels of oil gross, and generated
sales revenue of US$617,044 gross, with Quantum's net sales revenue after
royalties but before lease operating costs of approximately US$409,000.
Production was delivered consistently throughout the year with regular sales,
supporting Quantum's strategy of leveraging hydrocarbon revenues to help fund
and de-risk its helium exploration and appraisal programmes.

Production has continued into 2026 in line with expectations, with January and
February delivering stable output from the Sagebrush wells. The Company
intends to provide a further update on production for the quarter ending 31
March 2026 at the Company's annual financial year end.

The Company continues to optimise hydrocarbon/oil production across the
Sagebrush field while progressing towards the extended production test at the
Sagebrush-1 well, which remains the primary near-term operational focus.

The recently completed 3D seismic survey at Sagebrush has significantly improved subsurface understanding and identified additional structural features prospective for hydrocarbons. These targets represent potential future drilling opportunities which could support further growth in oil production over time, complementing the Company's helium-focused development strategy.
Strategic Importance of Oil Production

Oil production at Sagebrush plays a dual role within Quantum's broader
strategy:

·      Provides near-term revenue generation

·      Supports funding of helium-focused operations and development

·      Demonstrates existing production capability within the asset base

This integrated approach allows Quantum to advance its helium portfolio while
maintaining financial discipline and operational momentum. This revenue
contribution, combined with strengthened oil prices, further enhances the
financial resilience of the Company as it progresses towards helium
production.

Market Context

The Company notes the recent strengthening in global oil prices amid ongoing
geopolitical developments in the Middle East. Whilst commodity prices are
subject to volatility, the current pricing environment is supportive of
increased revenues from the Company's existing oil production which remains
unhedged.

Outlook

Quantum expects oil production at Sagebrush to continue alongside its
helium-focused activities, with the Company now positioned to enter a highly
active period with the planned extended production test at Sagebrush-1.

Howard McLaughlin, Chief Executive Officer of Quantum Helium, commented: "Our
2025 oil production from Sagebrush highlights an important and often
underappreciated part of the Quantum story. While our primary focus is on
unlocking the significant helium potential across our portfolio, the existing
oil production provides us with a valuable source of revenue that helps to
support our ongoing operations and helps fund our development activities.

Production has continued in line with expectations into 2026, and with oil
prices strengthening in response to global geopolitical developments, this
part of the business becomes increasingly valuable. It reinforces our strategy
of combining helium exploration with hydrocarbon production to create a more
resilient and self-sustaining business model as we move towards the extended
production test at Sagebrush-1 and the next phase of growth."

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the
European Union (Withdrawal) Act 2018. Upon publication via Regulatory
Information Service ('RIS'), this information is now in the public domain

 

Enquiries:

 Quantum Helium Limited     NOMAD and Joint Broker

 Carl Dumbrell              SP Angel Corporate Finance LLP

 Chairman                   Stuart Gledhill / Richard Hail / Adam Cowl

                            +44 (0) 20 3470 0470
 Brand Communications       Joint Broker

 Alan Green                 CMC Markets UK Plc

 Tel: +44 (0) 7976 431608   Douglas Crippen

                            +44 (0) 020 3003 8632

 

Updates on the Company's activities are regularly posted on its website:
www.quantum-helium.com

 

Notes to editors

Quantum (AIM: QHE) is a helium, hydrogen and hydrocarbon exploration,
development, and production company with projects in the US and Australia.
Quantum's strategic objectives remain consistent: to identify opportunities
which will provide operating cash flow and have development upside, in
conjunction with progressing exploration. The Company has several projects in
the US, in addition to royalty interests in Australia

 

 

 

 

 

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