Quantum Helium Limited
QHE · AIM · Energy · mcap £7.7m · 1.7p 3 open situations →
- EV
- £844m
- EV / EBIT
- –
- Net cash
- £5.5m
- FCF yield
- -0.2%
- Revenue
- £367k
- Share price 1y
- −26%
- Insiders 12m
- bought £3.4m
- Next report
- around 30 Mar
Open · 3
Sagebrush-1 extended flow test
Extended test began 8 April 2026 and was called complete on 24 Aug 2026 without consistent flow rates. On 22 Sep 2026 IPT Well Solutions recommended a conventional propped fracture, targeted for Q4 2026. On 20 Oct 2026 Quantum said engineering was substantially complete and the larger-volume stimulation is due to start in November 2026.
- Next milestone
- Larger-volume stimulation at Sagebrush-1 due to commence in November 2026 20 Oct 2026 ↗
- Funding
- Cash of about £5.505m at 30 June 2026; company says it is well funded 20 Oct 2026 ↗
- Pressure recovery
- More than 70% of estimated virgin pressure within four days; could exceed 90% 20 Oct 2026 ↗
- Oil
- Commercial Leadville oil identified 24 Aug 2026 ↗
- Recommendation
- IPT recommends conventional propped fracture of Upper Leadville; larger-volume treatment modelled 20 Oct 2026 ↗
- Why change
- Leadville mineralogy and organic content may have limited previous acid-based treatments 22 Sep 2026 ↗
Next: Larger-volume stimulation at Sagebrush-1 to begin · 30 Nov 2026
- 20 Oct 2026 Final preparations; start planned November 2026
- 22 Sep 2026 Stimulation design and execution planning underway
- 24 Aug 2026 EPT complete; engineering assessment nearing completion
- 10 Jul 2026 Test ongoing; oil sold, flow rates pending
1 director buying
- 30 Sep 2026 A director £26k
£5m institutional placing
Led to Sagebrush-1 extended flow test – Final preparations; start planned November 2026
On 17 April 2026 Quantum announced a £5m conditional placing of 16,666,666,667 shares at 0.03p, arranged by OAK Securities with institutional investors. Proceeds fund Sagebrush development planning and Coyote Wash permitting and planning. Admission is expected on or around 23 April 2026, taking total voting rights to about 50bn shares.
- Size
- £5 million before expenses; 16,666,666,667 new ordinary shares 17 Apr 2026 ↗
- Price
- 0.03 pence per share 17 Apr 2026 ↗
- Use of money
- Sagebrush development planning, Coyote Wash permitting and drill-ready targets, well planning, long-lead items, seismic interpretation, working capital 17 Apr 2026 ↗
- Broker terms
- OAK Securities: 6% cash commission, £50,000 annual retainer, £15,000 advisory fee, warrants over 6% of Placing Shares for 3 years 17 Apr 2026 ↗
- Admission
- Expected 8:00 a.m. on or around 23 April 2026; conditional on AIM admission 17 Apr 2026 ↗
- Share count
- 49,985,396,722 ordinary shares after issue 17 Apr 2026 ↗
- 17 Apr 2026 Placing announced; admission pending
Closed · 1
Company filings. Not investment advice.