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Mosman Oil and Gas Ltd (GB:QHE)
LSE:QHE
UK Market
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Mosman Oil and Gas (QHE) AI Stock Analysis

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GB:QHE

Mosman Oil and Gas

(LSE:QHE)

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Neutral 51 (OpenAI - 5.2)
Rating:51Neutral
Price Target:
2.50 p
▲(19.05% Upside)
Action:Reiterated
Date:07/03/26
The score is held down primarily by weak financial performance—persistent losses, volatile revenue, and worsening cash burn—despite the benefit of a debt-free balance sheet. Technical indicators offer some near-term support, and valuation appears low on P/E, but neither is strong enough to outweigh the ongoing cash-flow and profitability risks.
Positive Factors
Debt-free / Low leverage
A debt-free capital structure materially reduces refinancing and solvency risk over the medium term. Without scheduled interest or principal repayments the company has more flexibility to pursue farm-outs, asset sales or selective development, improving optionality while cash burn persists.
Negative Factors
Persistent negative cash flow
Ongoing negative operating and free cash flow erodes runway and forces reliance on external financing or asset disposals. Over months this raises execution risk for exploration and development, increases dilution risk, and constrains the company's ability to self-fund projects or absorb shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free / Low leverage
A debt-free capital structure materially reduces refinancing and solvency risk over the medium term. Without scheduled interest or principal repayments the company has more flexibility to pursue farm-outs, asset sales or selective development, improving optionality while cash burn persists.
Read all positive factors

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

Mosman Oil and Gas Business Overview & Revenue Model

Company Description
Quantum Helium Limited, operating alongside its subsidiary entities, is engaged in the prospecting, development, and extraction of oil and gas assets across Australia and the United States. The company's primary exploration focus encompasses heliu...
How the Company Makes Money
Mosman Oil and Gas makes money primarily through upstream oil and gas economics tied to the petroleum interests it holds: 1) Hydrocarbon production and sales (if/when producing): When Mosman has producing interests in oil and/or natural gas proje...

Mosman Oil and Gas Financial Statement Overview

Summary
Overall fundamentals are weak: profitability remains deeply negative with volatile and sharply lower revenue in 2025 (annual), and cash flow is consistently negative with accelerating cash burn. The main offset is a low-leverage balance sheet with no reported debt, though equity and assets have contracted due to recurring losses.
Income Statement
12
Very Negative
Balance Sheet
56
Neutral
Cash Flow
18
Very Negative
BreakdownTTMJun 2025Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue761.89K503.57K186.23K572.17K1.81M816.70K
Gross Profit-131.97K281.48K76.36K221.29K695.10K324.93K
EBITDA-7.79M-2.53M-1.32M-1.86M-2.19M-1.18M
Net Income-9.34M-10.32M-2.14M-2.13M-2.45M-1.36M
Balance Sheet
Total Assets7.53M5.24M9.45M8.67M8.60M7.72M
Cash, Cash Equivalents and Short-Term Investments3.40M4.00M873.37K575.97K2.41M2.29M
Total Debt0.000.000.000.000.000.00
Total Liabilities340.30K921.18K2.41M1.38M1.32M400.15K
Stockholders Equity7.19M4.32M7.04M7.29M7.28M7.32M
Cash Flow
Free Cash Flow-5.89M-4.31M-1.47M-3.63M-2.08M-3.32M
Operating Cash Flow-2.27M-1.52M-528.77K-1.21M-495.29K-1.07M
Investing Cash Flow-3.89M-2.03M-962.15K-2.57M-1.59M-2.98M
Financing Cash Flow6.05M6.49M1.86M1.93M2.04M6.11M

Mosman Oil and Gas Technical Analysis

Technical Analysis Sentiment
Negative
Last Price2.10
Price Trends
50DMA
2.69
Negative
100DMA
2.87
Negative
200DMA
3.16
Negative
Market Momentum
MACD
-0.18
Positive
RSI
36.60
Neutral
STOCH
14.29
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:QHE, the sentiment is Negative. The current price of 2.1 is below the 20-day moving average (MA) of 2.35, below the 50-day MA of 2.69, and below the 200-day MA of 3.16, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 36.60 is Neutral, neither overbought nor oversold. The STOCH value of 14.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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%
51
Neutral
£10.00M-1.49-149.77%
49
Neutral
£14.45M-15.25-79.98%1.67%
43
Neutral
£10.05M-8.74-5.47%-38.61%83.33%
40
Underperform
£7.68M-0.38-168.93%
39
Underperform
£15.22M-17.52-1.67%-22.80%95.24%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:QHE
Mosman Oil and Gas
2.00
-0.85
-29.80%
GB:ANGS
Angus Energy
0.19
-0.05
-20.83%
GB:CAD
Cadogan Petroleum
4.00
0.25
6.67%
GB:TRP
Tower Resources
0.02
-0.02
-52.94%
GB:PPP
Pennpetro Energy Plc
9.00
-0.55
-5.76%
GB:ORCA
Orcadian Energy Plc
18.00
9.50
111.76%

Mosman Oil and Gas Corporate Events

Business Operations and Strategy
Quantum Helium Maps Multi-Year Colorado Exploration Pipeline After 3D Seismic Push
Positive
Aug 3, 2026
Quantum Helium has completed an extensive 3D seismic and data reprocessing programme across its Sagebrush, Coyote Wash and nearby Colorado acreage. The work has moved the company from relying on legacy data to possessing one of the most comprehens...
Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and Compliance
Quantum Helium advances Sagebrush oil‑helium project and seeks US OTC listing
Positive
Jul 21, 2026
Quantum Helium has reported further operational progress at its Sagebrush‑1 well in Colorado, where extended production testing has confirmed commercial oil output and helium concentrations of about 2.5%. The well continues to produce oil, h...
Business Operations and StrategyFinancial Disclosures
Quantum Helium Boosts Oil Revenue as Sagebrush Test Confirms Commercial Output
Positive
Jul 10, 2026
Quantum Helium reported that its Sagebrush Project generated gross oil revenue of US$316,263 from 5,141 barrels in the first half of 2026, with second-quarter revenue of US$207,975 up about 92% on the first quarter. The improvement was driven by h...
Delistings and Listing ChangesShareholder MeetingsStock Split
Quantum Helium Wins Approval for 100-to-1 Share Consolidation
Positive
Jul 1, 2026
Quantum Helium Limited has secured shareholder approval for a 100-to-1 share consolidation at its Extraordinary General Meeting, with 93% of votes cast in favour. The move will reduce the company’s issued share capital from nearly 50 billion...
Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresPrivate Placements and FinancingRegulatory Filings and ComplianceShareholder MeetingsStock Split
Quantum Helium Marks Transformational Year as Colorado Assets Deliver Helium and Oil Upside
Positive
Jun 25, 2026
Quantum Helium has spent the past year reshaping itself into a dedicated helium and energy company, divesting non‑core assets and rebranding while concentrating capital on its Sagebrush and Coyote Wash projects in Colorado. Independent asses...
Business Operations and StrategyPrivate Placements and Financing
Quantum Helium gains OAK coverage as Colorado assets show scale and upside
Positive
Jun 24, 2026
Quantum Helium Limited has attracted independent coverage from OAK Securities, which has issued a research report highlighting the scale of the company’s Colorado helium portfolio and recent operational progress at its Sagebrush project. The...
Business Operations and Strategy
Quantum Helium’s Sagebrush Test Confirms High-Grade Helium and Unlocks New Oil Play
Positive
Jun 15, 2026
Quantum Helium has reported successful results from the extended production test at its Sagebrush-1 well in Colorado, confirming helium-bearing gas with concentrations of about 2.5%, well above typical commercial levels. The test also demonstrated...
Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresStock Split
Quantum Helium Leverages Colorado Oil Output as It Weighs U.S. OTC Listing
Positive
Jun 4, 2026
Quantum Helium reported Q1 2026 gross oil production of 2,482 barrels and revenue of US$108,288 from its Sagebrush Project in Colorado, with an average realised oil price of US$57.44 per barrel supported by volatile crude markets amid Middle East ...
Business Operations and StrategyDelistings and Listing ChangesShareholder MeetingsStock Split
Quantum Helium Plans 1-for-100 Share Consolidation Ahead of AIM Admission
Positive
Jun 3, 2026
Quantum Helium Limited has called an extraordinary general meeting on 1 July 2026 to seek shareholder approval for a 1-for-100 consolidation of its ordinary shares, reducing the number in issue from about 49.99 billion to roughly 499.85 million wh...
Business Operations and Strategy
Quantum Helium Advances Key Sagebrush-1 Test as Data Supports Next Phase of Stimulation
Positive
Jun 2, 2026
Quantum Helium has reported further progress in its extended production test at the historic Sagebrush-1 well in Colorado, where it is assessing the commercial potential of the helium-bearing Leadville Formation. The company has completed an initi...
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: Jul 03, 2026