Quantum Helium Ltd (AIM:QHE) said its Sagebrush Project generated US$617,044 in gross oil sales revenue in calendar 2025, as the AIM-listed group continued to use hydrocarbon production to help fund its helium development plans.
The project produced 11,769 barrels of oil over the year at an average realised oil price of US$52.20 per barrel. Quantum, which holds a 90% working interest in Sagebrush, said its net sales revenue was about US$409,000 after royalties but before lease operating costs.
Production was delivered consistently across the year from multiple wells, with quarterly output of 3,026 barrels in Q1, 3,244 in Q2, 2,854 in Q3 and 2,645 in Q4. The company said output has continued into 2026 in line with expectations, with January and February showing stable production.
Quantum Helium chief executive Howard McLaughlin highlighted that oil income remains a key part of its self-funding strategy as it advances helium-focused operations. He describes it as “an important and often underappreciated part of the Quantum story” – albeit, the firm’s main near-term priority is the planned extended production test at Sagebrush-1, while a recently completed 3D seismic survey has identified additional structural targets prospective for hydrocarbons.
“While our primary focus is on unlocking the significant helium potential across our portfolio, the existing oil production provides us with a valuable source of revenue that helps to support our ongoing operations and helps fund our development activities,” McLaughlin said in Monday’s statement.
“Production has continued in line with expectations into 2026, and with oil prices strengthening in response to global geopolitical developments, this part of the business becomes increasingly valuable.
“It reinforces our strategy of combining helium exploration with hydrocarbon production to create a more resilient and self-sustaining business model as we move towards the extended production test at Sagebrush-1 and the next phase of growth.”