Quantum Helium Limited (AIM: QHE) has updated the net prospective resource figures for its Sagebrush Helium Project in Colorado following an increase in its working interest from 82.5% to 90%.
As a result, the revised 2U (best estimate) net resources are now estimated at 101 MMscf of helium and 825 MMscf of hydrocarbon gas. The company also reported 1,473 MMscf of CO₂ and total raw gas of 3,631 MMscf at the 2U level. The gross resource volumes remain unchanged from the independent Sproule ERCE evaluation published on September 18, 2025.
Glossary
|
Term |
Definition |
|
1U / Low Estimate |
At least a 90% probability that the quantities recovered will equal or exceed this estimate. |
|
2U / Best Estimate |
At least a 50% probability that the quantities recovered will equal or exceed this estimate. Often considered the “most likely” case. |
|
3U / High Estimate |
At least a 10% probability that the quantities recovered will equal or exceed this estimate. Represents upside potential. |
|
Contingent Resource |
Those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations by application of development projects, but which are not currently considered to be commercially recoverable owing to one or more contingencies. |
|
MMscf |
Million standard cubic feet of gas, measured at standard conditions of temperature and pressure. |
|
Mscf |
Thousand standard cubic feet of gas, measured at standard conditions of temperature and pressure. |
|
Prospective Resource |
Those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. |
Quantum added that acquisition of the high-resolution 3D seismic survey at Sagebrush is progressing well and is expected to be largely completed this week, with initial processed data due in January.
Updates on the Company’s activities are regularly posted on its website: www.quantum-helium.com
