Member Info for rastly99

Today's interview was the biggest sign yet they are extremely confident of commercial flow rates.

Howard actually said just waiting for the engineering and commerciality of helium.

Pumpjack installed clean up continues

He also stated that the reservoir would have been up to full pressure if they had carried on a few more days.

In summary what I gauge from interview is that helium flow will be commercial it's just how commercial but he did also say that the ept has exceeded expectations in every area.

Next stop 50 mil mkt cap plus

After taking a bit of time to divulge yesterday Rns, I am extremely happy with qhe current position. The company have done a sterling job getting to this position. So let's break it down

1 helium confirmation at 2.5 per cent

2 pbu reaching approx 90 of virgin reservoir pressure within 4 days

3 strong gas flows consistently observed during swabbing operations

4 commercial oil production identified with up to 40 barrels a day potential.

So in summary over the coming days the clean up will continue and get that 90 per cent figure up to 100 this will then give us the sustained commercial flow that we are all after. The board have done brilliantly in derisking this ept and we are now very very close to achieving the outcome we are all after.

After yesterday Rns we should really be closer to 25 mil mkt cap not 13 mil but I'm sure that will change in the next few sessions.

Decent commercial flows puts us 50 mil mkt cap plus.

Because that was q1 next quarter will be 50 odd per cent higher

Hopefully this is the week we finally get some game changing news let's forget about msmn with Carroll and barr this is qhe and since it has become qhe the board has done a good job yeah there have been some delays with getting final approvals but all in all they have done what they am have said they are going to do.

They have done everything in the right way as well in my opinion getting Sproule to independently verify both assets, really good to see directors buying in which didn't happen with msmn whatever anyone says on this board Howard has been very methodical in his approach.

Let's hope we receive some results this week, I think we will receive results for the lower zone this week followed by the upper zone next week or the week after.

Good luck to everyone hopefully a cracking Rns tomorrow

As predicted fomo kicking in or is a leak

I think we have finally reached a pivotal point and we can all agree that news is pretty much certain for next week, hopefully tomorrow we will get a bit of fomo as let's face it the reward heavily outweighs the risk here with circa 6 mil in bank and oil revenues although small.

At 14.75 mil mkt cap we are ridiculously undervalued considering our current position let's not forget it was Sproule who have gave us this resource who are notoriously conservative in their figures and also well respected within the industry.

Several director buys and recent purchase of the whole of sagebrush breeds confidence plus seismics and previous dst and latest tweet have derisked the project.

I remain very confident we will hit at least one of the 2 zones with commercial flows

I think we have finally reached a pivotal point and we can all agree that news is pretty much certain for next week, hopefully tomorrow we will get a bit of fomo as let's face it the reward heavily outweighs the risk here with circa 6 mil in bank and oil revenues although small.

At 14.75 mil mkt cap we are ridiculously undervalued considering our current position let's not forget it was Sproule who have gave us this resource who are notoriously conservative in their figures and also well respected within the industry.

Several director buys and recent purchase of the whole of sagebrush breeds confidence plus seismics and previous dst and latest tweet have derisked the project.

I remain very confident we will hit at least one of the 2 zones with commercial flows

The tweet on the 12th of may was the biggest clue that was obviously taken on the 11th of may or earlier due to time of tweet and being in Colorado as the packer was pictured

Nice to see us finally moving no big rounded sells for couple of days placing either churned or on scraps

Roll on results

Question - Would quantum heliums extended production test still be going at sagebrush if there was no comment flows

Answer below

No, the extended production test would not still be going if there were no indications of potential commercial flows. [1]

Extended production tests (EPTs) are highly regulated, expensive, and logistically demanding operations. If initial data from the perforation and acid stimulation phases had revealed zero or non-commercial gas flow, the operator would have concluded the test early to preserve capital. [1, 2, 3, 4]

The continuous operation of the Sagebrush-1 test implies several key technical realities:

## Why Continuing the Test Signifies Flow Potential

* Sustained Flow Required: By definition, an "extended" test requires a continuous stream of gas to properly analyze reservoir pressure, drop-off rates, and boundary limits. If the Lower Leadville formation were entirely tight or locked, there would be no physical flow to test over multiple weeks.

* Regulatory & Disclosure Obligations: Under AIM market rules, if a company discovers a well is a definitive dry hole or commercially non-viable during a major milestone test, its Nominated Adviser (Nomad) would mandate a formal market update rather than letting the test drag on without substance.

* Forward Development Planning: Quantum Helium recently confirmed that preliminary gas analyses match historical drill stem tests (re-verifying the ~2.76% helium concentration). The company noted the test data is actively assisting with "future development planning," an active step that would be redundant if the well lacked commercial flow capability. [1, 2, 3, 4, 5, 6, 7]

## Existing Commercial Backstop

It is also worth noting that the wider Sagebrush project already has commercial hydrocarbon flows. The site features an active, multi-well oil production operation that generated over $600,000 in gross revenue during 2025. While this existing infrastructure helps fund and sustain the helium testing, the specific EPT at the Sagebrush-1 wellbore would still be shut-in if the helium-bearing gas itself lacked commercial prospects. [1, 4, 8, 9, 10]

If you are tracking this project closely, would you like to explore the differences between the Sagebrush and Coyote Wash structures, look into the historical 1994 flow rates for comparison, or analyze how acid stimulation alters tight reservoirs?

It's natural for everyone to get nervous at such a crucial phase but sometimes you need to take a step back and think.

1 Sproule who are known for being negative gave us this resource

2 we bought the extra bit of sagebrush so we fully own with Howards 10 per cent

3 several director buys at a higher price

4 test has been going on longer than first advised plus very importantly tweets have backed up that there have been no issues and all going to plan

And finally today's tweet of gas to surface

Today's tweet was good in my opinion and I still remain of the view that we will flow commercially it's just how commercial.

Interesting that the tweet only stated Leadville, so if they have hit gas from lower Leadville as well the rerate will be superb not long now till results.

Again the facts remain this has been going for 6 weeks now so I remain of the view this would have been wrapped up a long time ago

Good luck everyone dyor

I never post on here but am a long term holder in msmn/qhe I'm very confident that they have hit commercial flows how commercial I do not know but I come to this assumption purely based on

1 how long the test has currently been going on.

2 no Rns stating there has been any issues with well integrity

3 the last tweet showed the packer in the picture which going by previous tweets they onto the upper section as Rns/tweets previously suggested they had perforated the lower section.

4 they would have a mass spectrometer on site to measure helium composition

5 Comms has been consistent through tweets all through test

6 I work offshore and through my previous experience you simply don't carry on this long if it doesn't flow commercially this test would have been done and dusted last week.

Anyway good luck all hopefully we hear about strong commercial flows next week dyor

Interview was recorded Monday morning