tiprankstipranks
Trending News
More News >
Mosman Oil and Gas Ltd (GB:QHE)
LSE:QHE
UK Market

Mosman Oil and Gas (QHE) AI Stock Analysis

Compare
43 Followers

Top Page

GB:QHE

Mosman Oil and Gas

(LSE:QHE)

Select Model
Select Model
Select Model
Neutral 48 (OpenAI - 5.2)
Rating:48Neutral
Price Target:
0.04p
▲(0.00% Upside)
The score is held down primarily by weak financial performance—ongoing losses, volatile/declining revenue, and persistent (and accelerating) cash burn—despite the benefit of a no-debt balance sheet. Technicals are a positive near-term factor with improving momentum above key moving averages, but valuation is limited by loss-making fundamentals and no dividend support.
Positive Factors
Low leverage / No reported debt
A debt-free balance sheet reduces refinancing and solvency risk for an upstream explorer, preserving financial optionality to fund exploration, pursue farm-ins or absorb short-term commodity swings. This structural strength supports survival during extended cash burn periods.
Improving gross margin
A materially higher gross margin suggests better production economics or a favorable sales mix; this durability can translate to faster recovery of profitability when volumes or prices stabilize, improving the company's ability to fund capex or reduce reliance on external capital.
Asset-monetisation and JV model
A business model that combines production revenue with asset sales, farm-outs and JV structures provides multiple durable cash-generation and risk‑sharing pathways. This flexibility enables de‑risking of exploration, preserves upside, and is a repeatable funding mechanism over time.
Negative Factors
Persistent negative cash flow
Sustained negative operating and free cash flow, with accelerating burn, indicates the company cannot self‑finance organic activity. Over months this forces reliance on dilutive equity, asset disposals, or partner funding, constraining strategic optionality and project pacing.
Deepening losses & revenue decline
Persistent and widening losses combined with volatile, falling revenue undermine operating leverage and the ability to cover fixed costs. This structural earnings weakness impairs reinvestment capacity, deters partners, and raises the bar for a sustained recovery in returns.
Eroding equity and shrinking asset base
A declining equity base and contracted assets signal shareholder value erosion and reduced collateral for funding. Over time this weakens negotiating power with financiers and JV partners, limits borrowing or farm-in appetite, and constrains the firm's ability to scale activity.

Mosman Oil and Gas (QHE) vs. iShares MSCI United Kingdom ETF (EWC)

Mosman Oil and Gas Business Overview & Revenue Model

Company DescriptionQuantum Helium Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in Australia and the United States. It primarily explores helium, hydrogen, and hydrocarbons. The company was formerly known as Mosman Oil and Gas Limited and changed its name to Quantum Helium Limited in November 2025. Quantum Helium Limited was incorporated in 2011 and is based in Sydney, Australia.
How the Company Makes MoneyMosman Oil and Gas generates revenue through the extraction and sale of oil and gas from its exploration and development projects. The company earns money by selling the produced hydrocarbons to refineries, energy companies, and other end-users in the energy market. Revenue streams include the direct sale of crude oil and natural gas, as well as potential partnerships or joint ventures with other exploration and production companies that can provide additional capital and operational expertise. Key factors contributing to the company's earnings are the market prices of oil and gas, production volumes, and the efficient management of exploration and production costs. Additionally, strategic acquisitions or divestitures of assets can impact the company's financial performance by enhancing or streamlining its portfolio.

Mosman Oil and Gas Financial Statement Overview

Summary
Financials are weak overall: profitability is deeply negative with a sharp revenue decline and worsening net results (low income statement score), and cash flow remains persistently negative with accelerating cash burn (low cash flow score). The main offset is a low-leverage balance sheet with no reported debt, though equity and assets have contracted.
Income Statement
12
Very Negative
Profitability is weak and deteriorating. While gross margin improved in 2025 (annual) to ~56% (from ~41% in 2024), the company remains deeply loss-making with negative operating profit and a very large net loss in 2025 (annual) versus 2024. Revenue has also been volatile and, in 2025 (annual), fell sharply versus the prior year, indicating an unstable top line and limited operating leverage.
Balance Sheet
56
Neutral
Leverage is low with no reported debt across all periods, which reduces refinancing and solvency risk. However, recurring losses are eroding shareholder value: equity declined materially from 2024 (annual) to 2025 (annual), and returns on equity are strongly negative (worsening in 2025). Asset base also contracted meaningfully, highlighting ongoing balance sheet pressure despite the clean capital structure.
Cash Flow
18
Very Negative
Cash generation is consistently negative, with operating cash flow and free cash flow below zero in every year shown. In 2025 (annual), cash burn accelerated materially versus 2024, indicating higher funding needs and limited self-financing capacity. Although free cash flow is numerically larger than net loss (because non-cash items likely inflate accounting losses), the core issue remains persistent operating cash outflows.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue503.57K503.57K186.23K572.17K1.81M816.70K
Gross Profit281.49K281.48K76.36K221.29K695.10K324.93K
EBITDA-7.25M-2.53M-1.32M-1.86M-2.19M-1.18M
Net Income-10.32M-10.32M-2.14M-2.13M-2.45M-1.36M
Balance Sheet
Total Assets5.24M5.24M9.45M8.67M8.60M7.72M
Cash, Cash Equivalents and Short-Term Investments4.00M4.00M873.37K575.97K2.41M2.29M
Total Debt0.000.000.000.000.000.00
Total Liabilities921.18K921.18K2.41M1.38M1.32M400.15K
Stockholders Equity4.32M4.32M7.04M7.29M7.28M7.32M
Cash Flow
Free Cash Flow-5.13M-4.31M-1.47M-3.63M-2.08M-3.32M
Operating Cash Flow-2.06M-1.52M-528.77K-1.21M-495.29K-1.07M
Investing Cash Flow-1.94M-2.03M-962.15K-2.57M-1.59M-2.98M
Financing Cash Flow8.25M6.49M1.86M1.93M2.04M6.11M

Mosman Oil and Gas Technical Analysis

Technical Analysis Sentiment
Last Price0.04
Price Trends
50DMA
100DMA
200DMA
Market Momentum
MACD
RSI
STOCH
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:QHE, the sentiment is undefined. The current price of 0.04 is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined sentiment for GB:QHE.

Mosman Oil and Gas Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
54
Neutral
£11.97M-1.14-21.11%-12.15%-200.00%
53
Neutral
£11.93M-2.68-16.91%-29.63%-427.78%
49
Neutral
£15.80M-17.3927.27%
48
Neutral
£12.83M-1.90
44
Neutral
£9.04M-2.80-5.14%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:QHE
Mosman Oil and Gas
0.04
>-0.01
-9.52%
GB:ANGS
Angus Energy
0.24
-0.04
-14.29%
GB:CAD
Cadogan Petroleum
4.75
0.20
4.40%
GB:TRP
Tower Resources
0.03
>-0.01
-3.45%
GB:PPP
Pennpetro Energy Plc
9.00
-0.55
-5.76%
GB:ORCA
Orcadian Energy Plc
20.00
11.00
122.22%

Mosman Oil and Gas Corporate Events

Other
Quantum Helium Director Graham Duncan Increases Stake with 39.3 Million-Share Purchase
Positive
Jan 8, 2026

Quantum Helium Limited has disclosed that non-executive director Graham Duncan has significantly increased his stake in the company, purchasing 39.3 million ordinary shares between 29 December 2025 and 7 January 2026 at 0.039 pence per share. Following these transactions, Duncan now holds 100,250,617 ordinary shares, representing 0.30% of the company’s voting rights, a move that may be interpreted by investors as a sign of confidence from the board in Quantum’s exploration and production strategy across its US and Australian assets.

Other
Quantum Helium Executive Director Increases Stake with 45 Million-Share Purchase
Positive
Jan 2, 2026

Quantum Helium Limited has disclosed that Executive Director Andrew Scott purchased a total of 45,000,000 ordinary shares in the company on 29 and 30 December 2025 at 0.04 pence per share. Following these transactions, Scott’s beneficial holding has increased to 174,791,702 ordinary shares, representing 0.52% of the company’s total voting rights, signalling a notable vote of confidence in Quantum’s prospects from within its senior leadership.

Business Operations and StrategyRegulatory Filings and Compliance
Quantum Helium consolidates Colorado position with new certified resource and Sagebrush progress
Positive
Dec 23, 2025

Quantum Helium Limited has delivered a year-end operational update highlighting rapid progress across its Colorado assets, including completion of the Sagebrush 3D seismic acquisition and finalisation of an independent resource report for the Coyote Wash project by Sproule ERCE. The report confirms Coyote Wash as the company’s second certified helium resource, lifting total independently assessed 2U gross helium resources at Sagebrush and Coyote Wash to more than 1 billion cubic feet. Quantum has also secured the Irrevocable Letter of Credit required for an extended flow test at the Sagebrush-1 well and expects final regulatory sign-off from the US Bureau of Indian Affairs following submission of the letter and associated tribal approvals. In parallel, the company has increased its working interest in Sagebrush to 90%, consolidating its position ahead of a pivotal phase of testing, seismic interpretation and drilling planning in early 2026, when it also aims to advance commercial and surface development discussions. These steps materially strengthen Quantum’s technical database, regulatory footing and ownership position, setting up a catalyst-heavy 2026 that could be significant for its resource monetisation and broader helium development plans.

Business Operations and Strategy
Quantum Helium Secures Major Independently Certified Helium Resource in Colorado
Positive
Dec 19, 2025

Quantum Helium Limited has received an independent resource report from Sproule ERCE confirming a 2U (best estimate) gross recoverable helium resource of 0.97 billion cubic feet (BCF) at its 100%-owned Coyote Wash project in Colorado. When combined with the previously certified 0.134 BCF at the nearby Sagebrush project, the company now has 1.104 BCF of independently verified 2U gross helium resources in Colorado, giving it one of the largest independently certified helium portfolios among London-listed helium companies and an indicative potential gross value of about US$331 million. Sproule ERCE also identified prospective recoverable oil volumes of up to 750,000 barrels at an Ismay formation prospect on the Coyote Wash acreage and noted three potential well locations, while 3D seismic at Sagebrush has been completed and an extended flow test for the Sagebrush‑1 discovery well is advancing through regulatory approvals, underpinning an active 2026 work programme and signalling a period of resource maturation and potential value creation for shareholders.

Business Operations and Strategy
Quantum Helium Expands Stake and Advances Seismic Survey at Sagebrush Project
Positive
Dec 15, 2025

Quantum Helium Limited has increased its working interest in the Sagebrush Helium Project in Colorado from 82.5% to 90%, leading to updated net resource figures. The company is progressing well with its high-resolution 3D seismic program at Sagebrush, expecting substantial completion of the survey soon, with initial processed outputs anticipated in January. This development enhances Quantum’s resource base and strengthens its position in the helium and hydrocarbon industry.

Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
Quantum Helium Expands Stake in Sagebrush Project, Advances Key Operations
Positive
Dec 11, 2025

Quantum Helium Limited has increased its working interest in the Sagebrush Helium Project in Colorado from 82.5% to 90% by acquiring Jackal Oil Company’s minority interest. This strategic move consolidates Quantum’s ownership as it prepares for significant operational activities, including the completion of a 3D seismic survey and the anticipated receipt of an independent resource report for the Coyote Wash project. The company is also progressing towards regulatory approvals for flow testing at Sagebrush-1, with positive engagements with the Bureau of Indian Affairs following delays due to a government shutdown. These developments are expected to enhance Quantum’s strategic position and operational momentum in the helium industry.

Business Operations and Strategy
Quantum Helium Executives Increase Shareholdings, Signaling Confidence
Positive
Dec 3, 2025

Quantum Helium Limited announced that its Executive Chairman, Carl Dumbrell, and Executive Director, Andrew Scott, have made significant purchases of the company’s ordinary shares. Dumbrell acquired 59,496,555 shares, while Scott purchased 68,841,085 shares, reflecting their confidence in the company’s strategic direction and potential growth. These transactions increase their respective stakes in the company, potentially impacting market perceptions and investor confidence.

Delistings and Listing ChangesPrivate Placements and Financing
Quantum Helium Issues New Shares to Conserve Cash
Neutral
Nov 26, 2025

Quantum Helium Limited has announced the issuance of 338,171,359 new ordinary shares to certain service providers as a form of remuneration, instead of cash payments, to conserve cash reserves. These shares will be admitted to trading on AIM, with dealings expected to commence on December 2, 2025, increasing the company’s total voting rights to 33,318,730,055 ordinary shares.

Business Operations and StrategyProduct-Related Announcements
Quantum Helium Launches 3D Seismic Program at Sagebrush Project
Neutral
Nov 18, 2025

Quantum Helium Limited has commenced a high-resolution 3D seismic program at its Sagebrush helium project in Colorado, where it holds an 82.5% working interest. This initiative aims to map subsurface structures to refine future drilling targets and support development planning, with data processing expected to be completed by Q1 2026. The project is significant for Quantum’s operations as it will provide detailed imaging of the subsurface geometry around the Sagebrush-1 helium discovery, potentially enhancing the company’s drilling and production strategies in 2026.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 20, 2026