Quantum Helium (QHE ) has released results of a comprehensive geological and geophysical evaluation programme across the Sagebrush, Coyote Wash and other nearby areas that it’s working on in Colorado.
Over the past twelve months, the company has completed high-resolution 3D seismic acquisition, together with the reprocessing and reinterpretation of all available historic seismic data, and a comprehensive review of historic drilling, wireline logs and production data, supported by integrated geological and geophysical evaluation across its Colorado acreage.
This work has significantly enhanced Quantum's understanding of the basin and transformed the portfolio from two established projects into a growing portfolio of future helium and oil exploration opportunities
The technical evaluation has transformed Quantum's Colorado acreage from two established projects into a growing portfolio of future drilling opportunities.
Two lower-risk drilling candidates have been identified as potential near-term wells, with drilling targeted within approximately the next 12 months, subject to permitting, and operational priorities.
Three additional high-impact exploration prospects have also been identified, representing substantially larger helium and oil opportunities for future drilling.
Ongoing geological evaluation continues to generate additional exploration concepts across Quantum's Colorado acreage, providing further long-term growth potential.
The company believes the two lower-risk drilling candidates represent an attractive starting point for the next phase of exploration, with the potential to establish near-term production and cash flow while supporting the continued advancement of Quantum's broader helium and oil growth strategy.
"This multi-faceted evaluation programme represents one of the most important technical milestones in Quantum's development,” said Howard McLaughlin, Quantum’s chief executive.
“Our objective wasn't simply to acquire new seismic data - it was to fundamentally improve our understanding of the basin and identify the next generation of drilling opportunities capable of creating long-term shareholder value. The results have exceeded our expectations. Twelve months ago, we had two highly prospective projects supported by historic drilling and legacy seismic. Today we have one of the most comprehensive technical datasets assembled across this part of the basin, together with a growing portfolio of exploration opportunities extending well beyond our existing independently assessed helium resources.”
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This latest work confirms Sagebrush and Coyote Wash as a genuine multi-year exploration and development portfolio rather than standalone projects, and supports Quantum's strategy of building a long-term inventory of drilling opportunities while progressing commercial development of the Sagebrush helium discovery.