Quantum Helium (AIM:QHE), the AIM‑listed helium, hydrogen and hydrocarbon firm, recorded Q1 2026 gross oil production of 2,482 barrels and gross revenue of US$108,288 before royalties, taxes and operating costs.
The company noted the figures are reported on a 100% project basis and are not adjusted for Quantum’s 90% working interest, with an average realised oil price of US$57.44 per barrel in Q1, versus a calendar‑year 2025 average of US$52.20, and all sales remaining unhedged.
Sagebrush‑1 has been taken out of normal oil production for an extended production test that the company describes as a key step for its helium development programme, and Quantum expects overall field output to be lower while the test continues.
Quantum says near‑term oil cash flow supports its helium exploration and development work across Sagebrush and Coyote Wash and demonstrates operating capability across the asset base.
"With our production unhedged, Quantum remains well positioned to benefit from stronger oil prices while continuing to advance our broader helium strategy across Sagebrush and Coyote Wash," said Howard McLaughlin, Chief Executive Officer.
The board is considering a potential secondary listing on the US OTC market and has proposed a share consolidation to meet minimum share price expectations, but no decision has been made.
