{"id":140965,"title":"Quantum Helium New Broker Note from SP Angel – Price target 6p","publisher":"Share Talk","author":"sharetalk","published":"2026-09-24T10:00:45+00:00","modified":"2026-09-24T10:00:45+00:00","canonical_url":"https://www.share-talk.com/quantum-helium-new-broker-note-from-sp-angel-price-target-6p/","markdown_url":"https://www.share-talk.com/quantum-helium-new-broker-note-from-sp-angel-price-target-6p.md","json_url":"https://www.share-talk.com/quantum-helium-new-broker-note-from-sp-angel-price-target-6p.json","category":"Energy","categories":["Energy"],"tags":["airborne","Amadeus Basin","Australia","Baja Oil and Gas LLC","Carl Dumbrell","gas","Gradiometry","Gravity","Greenvale Energy","GRV","Helium","Howard McLaughlin","John Barr","John W Barr","Mosman Oil and Gas Limited","MSMN","Nadsoilco","Nadsoilco LLC","Northern Territory","oil","QHE","Quantum Helium Limited","Sagebrush","Sagebrush project","Share Talk","Stanley-4","Texas","Winters Lease"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/09/Quantum-Helium-SP-Angel-top-half-1212x639-v2.jpg?fit=1212%2C639&ssl=1","format":"news","language":"en-GB","content":"### Sagebrush -1 well frac and flow test planned for 4Q 2026\n\n[Quantum](https://spangel.worldflowconnect.net/document/open/aa6ad314-99af-48db-a0e6-c97632309b0f/QHE%202026%2009%2024%20NAV%20Update.pdf)announced completion of a technical review of the stimulation and completion data from the Sagebrush -1 well with IPT Well Solutions. The company targets a new stimulation programme on Sagebrush -1 during 4Q26 to enable flow testing of the well, subject to regulatory approvals. We maintain our Speculative Buy rating and adjust our target price to 6p/sh,\n\nwhich follows the share consolidation and reflects the updated Risked NAV.\n\n### Fracture stimulation on Sagebrush -1 well targeted for 4Q26\n\nQuantum has completed a detailed technical review of the stimulation and completion data of the Leadville Formation on the Sagebrush -1 well (90% WI) in Colorado with its new specialist completion adviser, IPT Well Solutions. IPT’s review indicates the mineralogy and oil- in- place may have reduced the efficacy of the previous acid – based treatment that would instead respond to a more conventional propped fracture stimulation. The Company now plans a fracture stimulation of the Upper Leadville reservoir in Sagebrush -1 during 4Q26 with a larger – volume treatment that is expected to improve reservoir connectivity, establish commercial helium gas flow rates and appraise the oil potential.\n\n### Well test results will inform the 2027 drilling programme\n\nIPT is now progressing the detailed execution design for the Sagebrush -1well , including revised fracture modelling, completion procedures and engagement with stimulation service providers regarding equipment availability. In tandem, Quantum will contact the regulatory authorities to obtain approval for a more significant fracture stimulation on the target reservoir . The technical data generated by the Sagebrush -1 well stimulation and subsequent flow evaluation will then be integrated with the Company’s existing seismic, geological and reservoir data . This will assist determining the location, design and sequencing of future drilling activity across the Sagebrush and Coyote Wash project areas.\n\n### Strong balance sheet with improving access to capital pools\n\nQuantum reported ~£5.5m cash and no debt as at June 30, which provides substantial financial capacity to fund its current exploration, development, operating and working – capital requirements. Utilising a small part of this cash balance, the Company has invested £250k into a strategic equity investment in Herencia Resources, which has the potential for capital appreciation as its gold project advances. In a media interview ( link ) earlier this week , the executive team also discuss the impact from the OTC Markets quotation (QHELF) going live, which is expected to increase stock accessibility to US – based investors and thereby has the potential to attract a broader range of shareholders.\n\n### Reiterating SPECULATIVE BUY rating with revised 6p/sh TP\n\nWe update our financial forecasts and NAV for the FY26 results and adjust our calculations for recent news flow , as well as the 100 -to-1 share consolidation. As a result, w e adjust our target price from 0.08p to 6p/sh, which is based on the Risked NAV of the Company’s portfolio and provides 275% of potential upside . The progress in testing the helium potential at Sagebrush comes at a time of increasing global focus on helium supply security, with recent geopolitical developments in the Middle East disrupting a significant portion of global production leading to greater recognition of domestic capacity, particula rly in the United States. We expect a steady stream of news flow over the next 12M to validate Quantum’s more than 1bcf helium prospective resource estimates and further de – risk the wider portfolio, as well as providing the technical data needed to advance targets towards drill ready statu s in 2027."}