Quantum Helium Advances U.S. Operations with Sage Brush Project Well Testing
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Quantum Helium has initiated an extensive well testing program at its Sagebrush project, located in a proven helium-producing area of the US. The company has acquired approximately 90% of the acreage and is currently testing gas with helium concentrations around 2.5%, aiming to understand flow rates and reservoir characteristics. Financially, Quantum is projected to have potential resources of 130-300mmcf of helium at Sagebrush, with adjacent acreage at Coyote Wash offering up to 1 bcf of helium. The company is focusing on completing the well tests to determine the number of wells needed and the scale of production facilities, as demand for helium remains strong due to its critical applications in various industries. Press Release: Quantum Helium Advances U.S. Operations with Sagebrush Project Well Testing