Business
Q1 2026 Oil Production & Corporate Update
Quantum Helium Limited reported Q1 2026 gross oil production of 2,482 barrels, generating US$108,288 in revenue before royalties, taxes, and operating costs, with an average realised oil price of US$57.44 per barrel. This production supports the company's helium development strategy at its Sagebrush Project in Colorado, where it holds a 90% working interest. The company is also investigating a potential secondary listing on the OTC market in the United States to increase investor visibility and access. Disclaimer*
About this update from Quantum Helium Limited
04 June 2026 Quantum Helium Limited ("Quantum" or the "Company") Q1 2026 Oil Production & Corporate Update Quantum Helium Limited (AIM: QHE) is pleased to provide an update on oil production from its Sagebrush Project in Colorado, in which it holds a 90% working interest, for the first quarter ended 31 March 2026. This announcement follows the Company's previous production announcement in respect of 2025 oil production released on 23 March 2026 Highlights • Q1 2026 gross oil production of 2,482 barrels (Calendar Q4 2025: 2,645 barrels) • Gross revenue before royalties, taxes and operating costs of US$108,288 (Calendar Q4 2025: US$118,954) • Average realised oil price of US$57.44 per barrel during Q1 2026 (Calendar Year 2025 average US$52.20) • Oil prices remained supported during the quarter amid ongoing geopolitical tensions in the Middle East • Existing oil production continues to support Quantum's helium-focused development strategy at Sagebrush • Oil production from the wider Sagebrush field continues, with Sagebrush-1 currently dedicated to the ongoing extended production test programme • Company investigating potential secondary listing on the OTC market in the United States Sagebrush Q1 2026 Oil Production and Revenue (Gross 100%) Calendar Quarter Production (bbls) Revenue (US$) Average Oil Price (US$/bbl) Q1 2026 2,482.17 108,288.16 57.44 Notes: 1. Figures are reported on a 100% project basis and are not adjusted for Quantum's working interest. 2. Revenue figures are before royalties, taxes and operating costs. 3. All oil sales remain unhedged. Operational Overview Oil production from the Sagebrush Project continued throughout Q1 2026 from multiple producing wells, generating gross revenue of US$108,288 before royalties, taxes and operating costs. The quarter benefited from a supportive oil price environment, particularly during March, as geopolitical tensions in the Middle East increased volatility across global energy markets. Quantum believes the current oil market environment further highlights the strategic value of maintaining oil production alongside its helium exploration and development activities at Sagebrush. The Company continues to progress the extended production test at the Sagebrush-1 well, which remains a key operational focus as Quantum advances its broader helium developme...
View stock analysis, news, and events for Quantum Helium Limited