Member Info for Punter1234

If the flow rates were the same as the DST then in my mind the law of physics is screwed. Don't swear it imho. This Well was chosen for good reason, many of them!

Remember that a DST provides a short-term snapshot, in 1993, without modern techniques, data etc. The actual commercial rate will likely differ "significantly" once the well is cleaned up. perforated, acidization and put on EWT. imho dyor

Also remember they will have a lot of data from the many other wells in the area to compare with. They picked this one first for many reasons. The biggest is pretty confident of success imho

For interest Hex's composition is approx average 1.1%.

@magpie1862 the below is from RNS april 2025. However, as said porosity is likely much better than Sproule estimate. Plus perforation. Plus acidization

= much better flow rates

Gas composition confirms helium

Mosman's technical team has reviewed hard copies of data received from the former operator, Seeley Oil Company, and

found reports of gas sample analyses dated December 30 1993, following an open hole drill stem test ("DST") performed

at the Sagebrush-1 well in December 1993. This report states the DST gas samples contained 2.76% helium, circa 20%

methane, and significant quantities of nitrogen (35%) and carbon dioxide (40%), alongside traces of other heavier

hydrocarbons (3%).

Commercial flow rates

The DST flowed gas to surface in the range 152-163 mcfd.

These flow rates, combined with the attractive gas composition, indicate that this well could be a commercial producer of

helium with the additional financial benefit of methane production that may be useful for generating power for the

separation of helium, for compression and/or for added value with sales of natural gas to power stations.

Magpie the company disagreed with Sproule over porosity. Company reckon about 8% Sproule knocked it down in their ultra conservative way to approx 4%. Company expecting better figures on flow rate. Said they would use acidization as well. So could be one whole lot better than Sproule report!

Helium% previously of 2.6 gives very, very high hopes it should be around the same. GL

Personally don't think 0.06 by friday, happy to consolidate at 0.05 if we can before next news brings us up there. But who knows depends on buying pressure

Just the start of re rate as we progress through this EWT imho

Magpie1862 yes I realise they have to clean it up, that shouldn't take long. But my point of flow testing before and after acidization (perhaps not even needed?) stands. What do you think? Straight to acidization to get max out of it straight away? Or double whammy of very good without and brilliant with lol?

The lack of news is because there is a lack of news that "needs" to be communicated in RNS at this time. Simple.

The lack of tweets this week suggests to me that that lack of news to be communicated will shortly end.

Be grateful SP here is so resilient on "perceived" lack of news.

The low amount of shares in issue v the high amount of traders v the loyalty of lth is keeping the ship relatively steady. GLA

QHE issued RNS this morning on progress of EWT which only started last week. Wasn't really necessary imho as could basically work it out where they were at. But I suppose good comms given how bad they have been in past and goes a way to rebuilding PI loyalty and keeps them quiet lol. Different strokes for different folks............

Presumably they will flow test after perforation and hope it flows like my nose with a head cold today! But will they give some results then or wait until after acidization as well hmmm? Imagine it flows fantastic without acidization and what the increase could be with it. Yes, exciting times and after this is success all those other target in Coyote as well.

Good solid update, great comms by the company and we can look forward to more as we progress. They are about where I thought they should be and done it smoothly with no hiccups so far.

Remember the Helium is there! Not like gone looking for it. Just a case of getting it to flow at commercial rates which imho looks as good as it gets with a junior miner on AIM. This given all the historical and new data. Exciting times.

We are "very pleased"...........so am I!

What sets Quantum apart from many of our peers is that we are not searching for helium - we already have a significant, independently assessed helium resource base. Our focus now is on confirming the historical helium concentration of 2.76% recorded at Sagebrush-1, and moving the resource into reserves, through appraisal and ultimately commercial development.

Thanks Magpie, that would be good if got that far and it has responding as hoped. fingers crossed

@Magpie1862 in your opinion/experience how far do you think they may have got to at this stage? I think all site work be done, all safety work carried out, well opened up, integrity checked of casing an hole. Maybe if all that gone smoothly initial signs of gas but not onto flow testing yet. What do you think?

The "RT"'s posts are growing ever more childish, ever more pompous and arrogant. Really is the MO of someone with very low self esteem constantly seeking attention. That sacking as a director must really fooked up that head of hers!

Lloydyboy yep, but pretty sure he didn't mean RNS updates!

As you know there is a world of difference between a RNS (factual price sensitive info) and a tweet (just generalisations and bit pr). They are certainly not going to RNS every week updates. So stand by what I said. The fact they said there are pulling together an operations update and share more shortly, at this early stage, means significant news, or why bother could just tweet something imho

Ok, you are a CLOWN lol..............one that is nowhere near intelligent enough to either debate or bait me........

Some folk didn't read the tweet which says putting together a company update. That is not a tweet it is a RNS and they must have something good to say or they certainly wouldn't bother at this relatively early stage. Will it be tomorrow? Doubt it, maybe Friday, but more likely early next week. we will see

https://x.com/i/status/2044298437772861709

All the info is out there in RNS and recent interviews etc I wish some folk could bother their own backsides to read them............and properly

Key Milestone

Sagebrush-1 is a proven helium discovery well, with historic testing confirming helium concentrations of approximately 2.76% from the Leadville Formation.

The extended production test is designed to establish flow characteristics and confirm the commercial potential of the reservoir. This represents a critical step in advancing the Company's prospective helium resources towards reserves and underpins future development planning.

The well benefits from existing infrastructure and does not require new drilling, allowing for a low-cost and efficient test programme.

Silverfuxd no the comedy classic is now you think any serious investor actually reads your pompous, deramping drivel lol

Thanks for advice 9 post wonder lol. Some folk been waiting a long time for this day coming some think entitled to a bit of excitement ok?

It is just starting bubble up and 0.05 certainly could be achievable on that update they going to deliver.

on investing.com live price is 0.0440 up over 7%

Silverfuxd thanks that made me lol! you trying to make sense of something, comedy classic!