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, with a strategic objective of growth through asset acquisition and development.

• Holds a 25% carried interest in EP 145 and 100% in EPA 155 (potentially reducing to 25% or 10% if carried through drilling) in Australia’s Amadeus Basin.

• Acquired a 20% interest in the Vecta Helium Project in the US, with plans to drill five low-cost wells in 2024.

• Maintains cash flow from legacy oil and gas projects, including Cinnabar and Stanley, with the latter set for sale in September 2024.

• EP 145 and EPA 155 have existing infrastructure and are located near producing oil and gas fields.

Helium market and project economics

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

• Focused on low-risk, high-helium percentage locations in stable OECD jurisdictions with established infrastructure.

• EP 145 prospective resources include up to 229 Bcf helium and 275 Bcf hydrogen (high estimate).

• Vecta Project in the US targets proven high-helium content gas fields, with production up to 11% He.

• Exploration costs for Vecta are modest, with Mosman funding its 20% share from working capital and asset sales.

Operations, funding, and outlook

• US hydrocarbon projects provide ongoing cash flow; farmouts fund Australian exploration.

• Cinnabar field has 1.6 million boe 2P reserves (2023 update), with production optimization underway.

• Stanley asset sale expected to generate up to US$1.75 million.

• 2024–2025 plans include seismic at EP 145, drilling at Vecta, and further exploration at EPA 155.

• Development of new helium projects possible in 2025, leveraging existing infrastructure and market demand.