From today’s RNS16 Apr 2026 09:18
A reminder for those who have sold out in a rush- this is to come yet. I hope it progresses like GE1 did- my wish- HOLD, patience is a virtue 🚀🚀
Operational Update
Operations at Sagebrush-1 continue to progress well, with the extended production test now actively underway.
Over the past week, the Company has successfully completed key preparatory and completion activities, currently completing cementing operations across the currently producing Ismay zone, pressure testing of casing, and drill-out of cement and bridge plug. These works are essential to ensure well integrity and optimise conditions ahead of flowing the primary target interval.
The next phase of operations will focus on the perforation and testing of the Lower Leadville Formation, the principal helium-bearing reservoir at Sagebrush, with perforation operations scheduled to start over the coming week as the programme moves into its key testing phase.
The Leadville test is designed to evaluate flow characteristics and confirm helium concentrations, building on historic testing at the Sagebrush-1 well, which recorded helium concentrations of 2.76%.
The Company will continue to provide updates as operations progress through this critical phase of testing.
Project