Sagebrush Resource Update

Quantum Helium

15/12/2025 08:21

RNS Number : 5624L

Quantum Helium Limited

15 December 2025

 

 

15 December 2025

 

Quantum Helium Limited

("Quantum" or the "Company")

 

 

Quantum Updates Resources at Sagebrush Following Increase to Working Interest

Quantum Helium Limited (AIM: QHE), advancing helium, hydrogen and hydrocarbon projects in the USA, provides updated net resource figures for the Sagebrush Helium Project in Colorado following the increase in its working interest from 82.5% to 90%, as announced on 11 December 2025.

The underlying gross volumes remain unchanged from the Sproule ERCE independent evaluation announced on 18 September 2025 under SPE PRMS Standard (*), with Quantum's higher working interest now reflected in the revised net figures.

Updated Net Prospective Resources - Sagebrush

(Net After 16.67% Royalty, Net to Quantum at 90% WI)

Source of gross resource data: Sproule Sagebrush Resource Evaluation Report (18 September 2025).

Helium (MMscf)

Estimate
Gross Helium
Net After Royalty
Net to Quantum (90% WI)
1U
80
67
60
2U
134
112
101
3U
269
224
202

 

Hydrocarbon Gas (MMscf)

Estimate
Gross Hydrocarbon Gas
Net After Royalty
Net to Quantum (90% WI)
1U
661
551
496
2U
1,101
917
825
3U
2,218
1,848
1,663

 

 

CO₂ (MMscf)

Estimate
Gross CO₂
Net After Royalty
Net to Quantum (90% WI)
1U
1,161
968
871
2U
1,964
1,637
1,473
3U
3,899
3,249
2,924

 

Total Raw Gas (MMscf)

Estimate
Gross Total Gas
Net After Royalty
Net to Quantum (90% WI)
1U
2,906
2,422
2,180
2U
4,842
4,034
3,631
3U
9,760
8,133
7,320

 

Sagebrush Seismic Acquisition Update

The high-resolution 3D seismic programme at Sagebrush continues to progress very well. Field crews have maintained strong productivity throughout the past week, with data recording and receiver retrieval proceeding smoothly, and overall acquisition now well advanced.

Based on current progress, the Company expects the seismic survey to be substantially completed by the middle of this week, after which the dataset will move into processing. Initial processed outputs remain on track for delivery in January.

Qualified Person Statement

The information contained in this announcement has been reviewed and approved by Jeff Aldrich, Principal Geoscientist P.G., L.P.G, Sproule ERCE. Certified Petroleum Geologist (CPG), American Association of Petroleum Geologists (AAPG)

Note: (*) Resources have been estimated by Sproule ERCE using the reserve and resource estimation guidelines outlined by the Petroleum Resources Management System (PRMS), as revised June 2018.  Helium and Carbon Dioxide gas has been evaluated as a non-hydrocarbon gases using the principles of the SPE PRMS as allowed by the SPE August 2022 statement on the "Extension of PRMS Principles to Non-Hydrocarbon/Non-Traditional Situations".

 

Enquiries:

Quantum Helium Limited
Carl Dumbrell
Chairman
NOMAD and Joint Broker
SP Angel Corporate Finance LLP
Stuart Gledhill / Richard Hail / Adam Cowl
+44 (0) 20 3470 0470
Brand Communications
Alan Green
Tel: +44 (0) 7976 431608
Joint Broker
CMC Markets UK Plc
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.

 

Glossary

Term
Definition
1U / Low Estimate
At least a 90% probability that the quantities recovered will equal or exceed this estimate.
2U / Best Estimate
At least a 50% probability that the quantities recovered will equal or exceed this estimate. Often considered the "most likely" case.
3U / High Estimate
At least a 10% probability that the quantities recovered will equal or exceed this estimate. Represents upside potential.
Contingent Resource
Those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations by application of development projects, but which are not currently considered to be commercially recoverable owing to one or more contingencies.
MMscf
Million standard cubic feet of gas, measured at standard conditions of temperature and pressure.
Mscf
Thousand standard cubic feet of gas, measured at standard conditions of temperature and pressure.
Prospective Resource
Those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects.

 

 

 

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