#QHE Sagebrush Engineering Update and Colorado Drilling Opportunities
The EPT confirmed #helium-bearing gas at approximately 2.5%, strong reservoir connectivity and rapid pressure recovery. It also identified commercial oil in the Leadville Formation
Quantum expects the next programme to use a more extensive stimulation treatment to increase contact with the natural fracture network and improved sustained flow rates from which to base development planning. Final recommendations are expected shortly
In parallel, permitting and drill planning are advancing across five additional opportunities across the Company's Sagebrush and Coyote Wash (100% Working Interest) projects
@quantum_helium (AIM #QHE) has been hovering near the bottom of a rising trend channel, which also places it near the lower end of its broader trading range. It has already shown a brief bear trap gap reversal, and that has helped keep the bullish case alive.
For now, the setup remains constructive while the shares stay above the 50 day moving average. If that support continues to hold, the first objective is a move to fill the gap up to 4p.
For a more cautious approach, the chart still needs to break above the red resistance line from April and clear the 200 day moving average around 3.2p. That would provide stronger confirmation that the upside move is genuinely underway. 🔗 Read the full article here: https://t.co/10jplxyfzK @ZaksTradersCafe
#QHE "The Results Have Exceeded Expectations" – Quantum Team Discuss Sagebrush Helium & Oil Discovery
Chairman Carl Dumbrell, Director Andrew Scott and CEO Howard McLaughlin discuss the successful Sagebrush production test, what surprised them most, and the key milestones ahead for Quantum Helium
Watch now 👇
#Helium #Oil #Colorado
#QHE
“The data collected to date supports a progression to a larger fracture stimulation programme…”
“Preliminary gas analysis has also been encouraging”
Looking good, we wouldn’t be progressing if it wasn’t worth it!
https://t.co/y41hQ7U8a5
🔬 Another step forward for #QHE at Sagebrush-1.
Key takeaways from today’s @quantum_helium update:
✅ Extended production test ongoing
✅ Initial acid stimulation successfully completed
✅ Reservoir accepted fluids at increased rates and pressures
✅ Raw gas analysis showing close similarities to historic 1994 samples which previously indicated helium concentrations of 2.76%
✅ Technical team now progressing to the next phase of fracture stimulation
Importantly, the data gathered so far appears to be supporting further reservoir stimulation work, with the objective of establishing communication with undamaged reservoir beyond the immediate wellbore area.
The programme continues to generate valuable reservoir data as Quantum works towards assessing the commercial potential of the Leadville Formation.
Still work to do, but today’s update suggests the technical team is steadily advancing through the testing programme and into what could be a very important phase of reservoir evaluation. 👀
https://t.co/VJyZkZwSKE
@quantum_helium (AIM #QHE) has provided an operational update on its Sagebrush-1 extended production test, confirming the successful completion of an initial acid injection program on the upper Leadville zone.
https://t.co/ufAL6hdiim
#QHE Testing operations continue at Sagebrush-1 as we advance the extended production test program in Colorado
Preliminary #helium gas analysis has shown characteristics consistent with the original Drill Stem Test
The ongoing program continues to provide valuable technical insight into the Leadville reservoir and will assist with future completion and development planning
Further updates will be provided as the programme progresses and as material technical results become available
#QHE The extended production test of the Sagebrush-1 well is progressing as planned and is on track for completion. We look forward to the official RNS results and further progress on the overall helium project.
Let's do it, team, I wish you good luck in your further work.
#QHE Latest pictures from Sagebrush-1 as the extended production test advances
The team continues to work through the Leadville testing program
Great to see operations progressing safely and efficiently on site #Helium
Pay attention — @quantum_helium says it is encouraged by the progress being made and expects to provide a more detailed update shortly. The #QHE extended well testing programme continues to progress well and remains on track.
#QHE The extended well testing program is progressing well and remains on track. We are pleased with the work being undertaken by the technical team, and the program is expected to continue for another couple of weeks
As we have said from the outset, this testing program was always expected to take time, and the team is making encouraging progress. It is important that the program is completed properly so that the results can be assessed in a considered and reliable manner.
We appreciate that shareholders are keen to receive further information. We're looking forward to receiving the final data and updating the market once the relevant test parameters and objectives have been completed and assessed
We are encouraged by the progress being made and expect to be in a position to provide a more fulsome update shortly
The market will be updated as soon as the Company is able to do so.