Nine-Month Oil Revenues in 2026 Exceeds Full-Year 2025
Q3 2026 Oil Production Update and Helium Super Summit Attendance
Quantum Helium Limited (AIM: QHE) is pleased to provide an update on oil production and revenue from its Sagebrush Project (90% Working Interest) for the third quarter and nine months ended 30 September 2026.
The Company reports that gross oil revenue for the first nine months of calendar 2026 has already exceeded that generated during the entire 2025 calendar year by approximately 23%, with a further three months of production and sales still to be added by year end calendar 2026.
Highlights
- Existing oil production continues to generate revenue while the Company advances its primary helium development strategy
- Nine-month project oil revenue of US$500,765, approximately 23% higher than the US$408,532 generated during the whole of 2025
- Quantum’s 90% share of revenue for the first nine months reached US$450,688
- Third quarter project oil revenue of US$184,502, with Quantum’s 90% share amounting to US$166,052
- Gross oil production of 7,771 barrels during the first nine months of 2026, including 2,630 barrels in Q3
- Average realised oil price of US$71.28/bbl in Q3 2026
- Executive and technical team attending the Helium Super Summit in Houston, commencing today, with discussions focused on the Company’s Colorado helium portfolio and planned larger-volume stimulation programme at Sagebrush-1
Oil Production and Revenue (Gross 100%)
| Calendar Quarter | Oil Production (bbls) | Project Revenue (US$) | Average Oil Price (US$/bbl) |
| Q1 2026 | 2,482 | 108,288 | 57.44 |
| Q2 2026 | 2,659 | 207,975 | 78.29 |
| Q3 2026 | 2,630 | 184,502 | 71.28 |
| Nine Months 2026 | 7,771 | 500,765 | 69.00 |
Notes
- Oil production figures are reported on a 100% gross project basis.
- Project oil revenue figures are reported before lease operating expenses and are not adjusted for Quantum’s 90% Working Interest.
- Production and revenue figures net to Quantum’s 90% Working Interest are not adjusted for land royalties payable of 16.67%, severance taxes and other applicable deductions.
- All oil sales remain unhedged.
Operational Update
Oil production from the Company’s existing Sagebrush wells continued throughout the third quarter of 2026, generating project revenue of US$184,500 and bringing total revenue for the first nine months to US$500,765.
Importantly, project oil revenue generated during the first three quarters of calendar 2026 of US$500,765 has already exceeded the US$408,532 recorded during the entire 2025 calendar year, representing an increase of approximately 23%, with three months of production and sales still to be generated by year end calendar 2026.
The stronger oil price environment during 2026 has contributed positively to revenues, reinforcing the value of the Company’s existing producing oil assets as it progresses its helium development activities.
Gross production for the nine-month period totalled 7,771 barrels, with continued output from the existing Sagebrush wells providing a recurring source of revenue.
Strategic Importance
Oil production remains an important component of Quantum’s broader Colorado strategy, providing ongoing revenues alongside the Company’s primary focus on helium exploration, appraisal and development.
With more than 1 Bcf of independently assessed helium resources across Sagebrush and Coyote Wash, together with existing oil production and the additional commercial oil potential confirmed during testing at Sagebrush-1, Quantum believes its diversified portfolio provides a strong platform for future growth.
The combination of recurring oil revenues and a substantial independently assessed helium resource base supports the Company’s strategy of progressing Sagebrush towards commercial helium production while maintaining financial discipline.
Helium Super Summit – Houston
Members of Quantum’s executive and technical team are attending the Helium Super Summit in Houston, Texas, which commences today, 20 October 2026.
The conference provides an opportunity for the Company to engage directly with participants from across the global helium industry, including technical specialists, service providers and potential commercial partners.
The team looks forward to discussing Quantum’s Colorado helium portfolio and, in particular, the planned larger-volume stimulation programme at Sagebrush-1.
The Company will also use the opportunity to strengthen relationships across the helium industry and explore potential opportunities to support its longer-term development and commercialisation strategy.
As announced last week, preparations for the larger-volume stimulation programme at Sagebrush-1 have entered their final phase, with detailed engineering substantially complete and final operational and logistical arrangements progressing towards commencement in November 2026.
Further updates will be provided in due course.
Howard McLaughlin, Chief Executive Officer of Quantum Helium, commented: “Our oil production in the first 9 months of Calendar 2026 continues to deliver an important revenue stream for Quantum, and it is particularly pleasing that we have already exceeded the revenue generated during the whole of calendar 2025, with another three months of production still to come.
“The stronger oil price environment has been beneficial, and these results reinforce the value of maintaining an established producing oil business alongside our helium development activities.
“At the same time, our executive and technical team are in Houston for the Helium Super Summit, where we look forward to engaging with industry participants and discussing the next phase of activity at Sagebrush.
“Our immediate operational focus remains on advancing the planned larger-volume stimulation programme at Sagebrush-1, with preparations now in their final phase. We look forward to providing further updates as this important programme progresses.”
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 the publication of this announcement via Regulatory Information Service (‘RIS’), this information is now considered to be in the public domain.
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 |
| St Brides Partners / Spire
Alan Green Tel: +44 (0) 20 7236 1177 |
Joint Broker
CMC Markets UK Plc Douglas Crippen +44 (0) 020 3003 8632 Joint Broker CREST Corporate Broking Jerry Keen / Robert Bell Tel: +44 (0) 203 973 3678 |
Updates on the Company’s activities are regularly posted on its website: www.quantum-helium.com
Notes to editors
Quantum (AIM: QHE) explores, develops and produces helium, hydrogen and hydrocarbons, with projects in the United States and Australia. The Company targets opportunities that can generate operating cash flow and offer development upside while continuing exploration. Its portfolio includes several US projects and Australian royalty interests.
