Quantum Helium (QHE ) generated just over US$450,000 in oil revenues from its 90% share of projects in Colorado during the nine months ended 30 September 2026.
This is already 23% higher than the amount generated in the entire 2025 calendar year.
Third quarter project oil revenue was US$184,502, with Quantum's 90% share amounting to US$166,052.
Gross oil production amounted to 7,771 barrels during the first nine months of 2026, including 2,630 barrels in the third quarter.
The average realised price of oil during the third quarter was US$71.28 per barrel.
Meanwhile, Quantum continues with development work in regard to the helium content at its projects.
The company is attending the Helium Super Summit in Houston, commencing today, with discussions likely to be focused on the planned larger-volume stimulation programme at Sagebrush-1.
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.
"Our oil production in the first nine 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,” said Howard McLaughlin, chief executive of Quantum Helium.
"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."
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With more than a billion cubic feet of independently assessed helium resources across the Sagebrush and Coyote Wash projects, together with existing oil production and the additional commercial oil potential confirmed during testing at Sagebrush-1, Quantum has built a strong platform for future growth.