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QPM Energy (ASX:QPM), a gas-to-energy developer, entered administration, disappointing Sandon Capital. In June 2026, Sandon reported that after month-end QPM's directors placed the company into administration, noting it made up 2.1% of Sandon's portfolio. In August 2026, Sandon reflected on QPM's progress during the year toward funding and delivering the Isaac Power Station, including an upsized share purchase plan and NAIF due diligence, before the collapse. Earlier, Sandon highlighted a development permit and a grid connection agreement with Powerlink Queensland, while Perennial noted a weaker first half on lower power prices. QPM Energy operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 11 comments from 2 fund managers, Sandon Capital and Perennial Partners. Founded in 2007 and headquartered in West Perth, QPM Energy produced gas from the Moranbah Gas Project in Queensland and supplied gas to Dyno Nobel, while developing the 112MW Isaac Power Station.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Sandon Capital and Perennial Partners have invested in QPM Energy Ltd (ASX:QPM).
Sandon had highlighted approvals and the Powerlink grid connection agreement for the Isaac Power Station, which were key milestones before the company's collapse.
Sandon reports QPM's directors placed the company into administration, likely resulting in substantial losses for shareholders, after funding challenges and lower power prices noted by Perennial.
QPM Energy Ltd is an Australian mineral exploration company headquartered in West Perth. Founded on May 11, 2007, the company specializes in the development of battery metals. Its core focus includes the exploration and advancement of manganese, lithium, and tantalum projects to support the battery supply chain.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.