Quantum Helium (QHE) Corporate presentation summary

Strategic focus and asset portfolio

• Concentrating on helium, hydrogen, and hydrocarbon exploration and production in the US and Australia.

• Holds a 25% carried interest in EP 145 (Australia) and 100% in EPA 155 (potentially reducing to 10% carried).

• Acquired a 10% interest in the Vecta Helium Project in the US, with five low-cost wells planned for 2024.

• Cash flow from legacy oil and gas projects supports new exploration.

• Strategy aims to expand the helium portfolio and monetize heritage assets.

Helium market and investment rationale

• Helium prices have surged above $500/mcf, making it significantly more valuable than hydrocarbon gas.

• Helium is used in MRI/cryogenics, electronics, fiber optics, and aerospace.

• Focused on stable OECD regions with established infrastructure and low drilling costs.

• Amadeus Basin and select US areas offer high helium concentrations and proven production.

• Relative market capitalization suggests undervaluation compared to helium peers.

Project details and infrastructure

• EP 145 and EPA 155 in Australia have existing wells, gas infrastructure, and proximity to a helium plant in Darwin.

• EP 145 prospective resources: up to 2,290 Bcf total gas, 229 Bcf helium, and 275 Bcf hydrogen (high estimate).

• US Vecta project covers ~48,000 net acres with five identified helium prospects and proven high helium content.

• US operations benefit from established helium infrastructure and access to major markets.

• Drilling costs for Vecta wells are modest, with funding from working capital and asset sales.