Uccessful Sagebrush-1 Extended Production Test Confirms Helium-Bearing Gas, Reservoir Connectivity and Commercial Oil Production15 Jun 2026 07:11
This is quite something! https://x.com/Brand_UK/status/2066401666480345589
✅ Helium concentrations of 2.5% confirmed by lab analysis of recovered gas samples – consistent with historical testing and significantly above typical industry concentrations of approximately 0.3% to 1.0%
✅ Acid fracture stimulation successfully established connectivity with a significant natural fracture system
✅ Commercial oil production identified from the Leadville Formation (between 7,250 and 7,360 feet depth) – an unexpected outcome that opens a new hydrocarbon play in the Sagebrush area, with potential rates of up to 40 barrels per day gross to working interest. More than 80 barrels of oil recovered during testing operations to date
✅ EPT production, pressure and fluid data to be provided to Sproule ERCE for review
✅ Next phase underway - Quantum expects to inform flow rate potential from the Leadville following ongoing clean up operations to remove injected fluid