Proactive - Interviews for investors podcast

Quantum Helium secures operatorship approval for projects in Colorado

0:00
5:27
Spol 15 sekunder tilbage
Spol 15 sekunder frem
Quantum Helium Limited CEO Howard Mclaughlin joined Steve Darling from Proactive to announce that the company has received approval from the Bureau of Indian Affairs to assume operatorship of the Sagebrush Project in Colorado, marking a key milestone in its development strategy. McLaughlin explained that Quantum holds prospective helium resources of more than 1 billion cubic feet across its Sagebrush and Coyote Wash projects, providing a strong foundation for future growth. He noted that the operatorship approval follows an extensive and proactive engagement process with regulatory authorities and stakeholders. A recent company visit to Colorado, including meetings with the Ute Mountain Ute Tribe and relevant regulators, contributed positively to advancing and finalizing the approvals process. With operatorship now secured, Quantum is moving into the next operational phase at Sagebrush, with mobilization for an extended production test at the Sagebrush-1 well expected to begin shortly. The test, which is expected to run over several weeks, represents a key near-term milestone. Historically, the well encountered non-combustible gas with helium concentrations of approximately 2.76%, providing strong technical validation of the helium potential within the Leadville Formation. The upcoming program is designed to evaluate flow rates and confirm commercial deliverability. Importantly, results from the extended production test are expected to support the conversion of existing helium resources into reserves, a critical step toward commercial development of the project. The company has already completed extensive planning and procurement of long-lead equipment, positioning it to move efficiently into the testing phase following receipt of operatorship approval. #proactiveinvestors #QuantumHeliumLimited #aim #qhe #helium #HeliumExploration #SagebrushProject #ColoradoEnergy #HeliumResources #EnergyDevelopment #Operatorship #ResourceEstimates #ProductionTesting #OilAndGas #CleanEnergy #CriticalResources #ProjectDevelopment #EnergyMarkets #ExplorationUpdate

Flere episoder fra "Proactive - Interviews for investors"