Quantum Helium (QHE) has outlined updated net resource figures for its Sagebrush helium project in Colorado, following a recent transaction which boosted its working interest from 82.5% to 90%.
The underlying gross volumes remain unchanged from the Sproule ERCE independent evaluation announced in September.
The new estimates are that in conservative (1U) terms, Quantum’s net share of helium at Sagebrush, after royalty, is 60 million cubic feet, while on a best estimate (2U) basis, that figure jumps to 101 million cubic feet. The 3U number is 202 million cubic feet.
It’s also estimated that Quantum’s share of hydrocarbons at Sagebrush on a 2U basis is 825 million cubic feet, and that its share of carbon dioxide is nearly 1.5bn cubic feet.
Accordingly, Quantum’s share of total raw gas at Sagebrush amounts to just under 2.2bn cubic feet on a 1U basis and just over 3.6bn on a 2U basis.
Meanwhile, the high-resolution 3D seismic programme at Sagebrush continues. Field crews have been active throughout the past week, with data recording and receiver retrieval proceeding smoothly, and overall acquisition now well advanced.
Based on current progress, the seismic survey is likely to be substantially completed by the middle of this week, after which the dataset will move into processing. Initial processed outputs remain on track for delivery in January.
View from Vox
Considerable upside remains at Sagebrush, and as work continues it will become clearer just how much of that upside can be brought into these numbers. Quantum Helium has had a very busy 2025, but it looks like 2026 could be even more eventful.