Quantum Helium Limited · LSE:QHE
Quantum Helium — Mosman Oil and Gas — Investor Presentation (June 2024)
19 slides from Quantum Helium's investor presentation, June 2024
Slide 1: Focusing on helium, hydrogen and hydrocarbon
Focusing on helium, hydrogen and hydrocarbon AIM: MSMN June 2024 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared for general information purposes only and has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000. Any party who is in any doubt about the investment to which these slides relate should consult an
Slide 3: Mosman opportunity
Mosman opportunity Mosman (AIM: MSMN mkt cap £4.5m) Compelling undervalued helium opportunity compared to peers • Liquid AIM stock now focusing on Helium ▪ Helium is 100x more valuable than hydrocarbon gas • Proven high % Helium areas in US and Australia ▪ Targeting low risk locations close to prove
Slide 4: Strong asset base and strategic helium expansion
Strong asset base and strategic helium expansion USA Hydrocarbon production and Helium Exploration FY23 21,503 55,464 A$2.1m Amadeus Basin Bbls oil Mmbtu gas Revenue FY23 Exploration for Helium, Hydrogen • The Company has exploration and production assets in the US and Hydrocarbons and two explorati
Slide 5: Highly Experienced Executive Team
Highly Experienced Executive Team Andy Carroll | CEO and Director • Extensive experience in exploration and production in the UK, Canada PNG and Australia. • Deep expertise from site operations through to CEO and listed companies Board positions • Has managed companies from start up to IPO, operatio
Slide 6: Helium Strategy
Helium Strategy 6
Slide 7: Increase in price of Helium
Increase in price of Helium • Helium now over US$500 per mcf Global share of helium applications • US gas price below US$3 per mcf 11% MRI / Cryogenics 23% Other 5% Analytical Optical fiber 14% Rockets 9% Breathing Leak detection 6% 6% Electronics 3% Pressure and purging 15% Welding 14% 7
Slide 8: Evolution of the helium strategy
Evolution of the helium strategy 100% of two large areas EP 145 and EPA 155 in Amadeus Basin 100% of two large Existing assets in Increasing helium areas EP145 and Australia and price has made it EPA 155 in opportunities in hot commodity Amadeus Basin USA 8
Slide 9: Global Ranking of Helium Exploration
Global Ranking of Helium Exploration Stable investment area High Helium % Infrastructure • OECD (incl USA and • Amadeus Basin • Amadeus Basin Australia) • Some areas USA • Some areas USA Helium investment Drilling costs Established Production opportunities • Amadeus Basin • Amadeus Basin • Australia
Slide 10: Australia – Infrastructure in place
Australia – Infrastructure in place • EP 145 and EPA 155 both contain wells that flow tested hydrocarbons • Gas infrastructure in place • Helium plant in Darwin • Pipelines, Roads, Rail and Airports • Significant drilling activity • Helium extraction plant at Mereenie - proposal announced by Central
Slide 11: Australia - EP 145 and EPA 155
Australia - EP 145 and EPA 155 EP 145 • Prospective Resource volumes for hydrocarbons, helium, and Prospective Low Estimate Best Estimate High Estimate Resources (Bcf) hydrogen at EP 145 Total Gas 12 440 2, 290 o Based on interpretation of the basement and overlying stratigraphy by Geognostics, an i
Slide 12: USA – Established Helium Infrastructure
USA – Established Helium Infrastructure • Heritage infrastructure associated with helium production as a by-product of hydrocarbon production in Kansas and Oklahoma • Major helium storage facility in Cliffside, Texas • Recent “raw” helium production in Colorado trucked to nearby infrastructure • Hel
Slide 13: First move into helium in USA
First move into helium in USA • Acquired 10% interest in Vecta Helium Project for US$0.5m • Low cost drilling enables managed exploration risk and costs • Good infrastructure and fiscal regime, Experienced Operator • Proven high helium content gas production at • 5 identified helium prospects in c48
Slide 14: Funded Exploration
Funded Exploration • Mosman has cash flow from US hydrocarbon projects • EP 145 funded by Farmout • EPA 155 funded by Farmout • Vecta exploration costs are modest: o Mosman to fund its 10% share of the 5 exploration wells, estimated to cost c US$259,000 per well (gross) o Share of drilling costs is
Slide 15: Oil & Gas in the USA
Oil & Gas in the USA se iG
Slide 16: Cinnabar and Stanley
Cinnabar and Stanley Cinnabar • 75% WI and Operator • Lease “Held by Production” since 1980s • G3 well was drilled in late 2022 and placed on production in 2023 • Production (intermittent) from 3 wells Significant Reserves • A Reserve Report (2017) estimated Proved plus Probable (2P) Reserves of 849
Slide 17: Outlook
Outlook 17
Slide 18: Outlook
Outlook EP 145 seismic in 2024 EP(A) 155 exploration Vecta Helium and drilling in 2025 • Helium, hydrogen, hydrocarbons • Helium, hydrogen, hydrocarbons • Drilling 5 exploration wells in 2024 • 25% free carry (up to cost cap) • 10-25% free carry • Development possible in 2025 USA Production Sale of
Slide 19: The Board
The Board Andy Carroll Chief Executive Officer and Executive Director • Extensive Board and management experience in energy sector in the UK, Canada PNG and Australia. • Particular expertise in oil and gas, taking companies from permit applications and initial exploration operations, through to deve
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