RE: Oak securities research report - Excellent article24 Jun 2026 08:18
Cash balance comforting and good to know costs of expected expenditure going forwards too imo which seems eminently affordable for the co.
pg 11
"Cash Balances
At the end of 2025, Quantum Helium had net cash of A$3.4 million (US$ 2.5 million).
Since the end of the year (in April 2026), Quantum raised GBP 5 million gross from
an institutional placing which saw the issue of 16.67 billion shares at 0.03
pence/share. This takes the effective cash balance to approximately US$8.6 million.
Expenditure
The company is about to start a major investment programme. The first expense
will come with the testing of the Sagebrush well which we believe will cost
approximately US$0.5 million. Depending on the results of this, the company will
then look to drill further exploration or appraisal wells. Should the company decide
to target the Ismay formation, these wells are expected to cost US$2.0 – 2.5 million
each. Management might want to drill dual test wells (which test the Ismay and
Leadville formations). The cost of these deeper wells are expected to cost US$3.0 –
3.5 million. Although more expensive, they will be targeting two exciting plays. "