Zak Mir talks to Thomas Abraham-James, CEO of Pulsar Helium, regarding the CAD$4,250,000 private placement at the company, and the announcement that drilling the Jetstream #1 appraisal well at the Topaz helium project is anticipated to commence on February 2nd, 2024.
Pulsar Helium Inc. (TSXV: PLSR & FRA: Y3K) announced that drilling the Jetstream #1 appraisal well at the Topaz helium project is anticipated to commence on February 2nd, 2024.
Drilling is anticipated to be completed within one month with flow testing to commence immediately following
demobilisation.
Capstar will provide a 6000 Elenburg Manufacturing trailer-mounted drilling rig to drill the Jetstream #1 appraisal well at Topaz. Mobilization is anticipated to be completed by January 28th with drilling to commence on February 2nd. All required permits have been received and site preparation is complete.
Jetstream #1 will be drilled to a depth of 686m (2,250ft) with contingency in place to extend to 762m (2,500ft). A mass spectrometer will be onsite providing gas composition every 100 seconds with gas samples to be collected when zones of helium gas response are encountered. Upon reaching total depth, a comprehensive suite of open hole wireline logs will be acquired by Baker Hughes. Following the wireline data acquisition, the well will be completed and the rig will be released and demobilised. A well testing package will then mobilise and rig up on the Jetstream #1 well and execute a flow testing and pressure build-up program, and collect pressurised gas sample data.
In addition, Pulsar is a recipient of the Iron Range Resource and Rehabilitation Board (IRRRB) grant of USD$20,000 to offset the cost of the Jetstream #1 appraisal well.
Pulsar’s President & CEO, Thomas Abraham-James commented:“The drilling of the Jetstream #1 appraisal well at our Topaz helium project is imminent and all preparation is complete. This is a pivotal moment for Pulsar.”
About Pulsar Helium Inc.
Pulsar Helium Inc. is listed on the TSX Venture Exchange with the ticker PLSR. It is dedicated to defining and developing primary helium assets. Its portfolio consists of the Topaz helium project in Minnesota, USA and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences identified at each. Topaz is the Company’s flagship, having been drilled and flowing a remarkably high helium concentration of 10.5%. For further information visit https://pulsarhelium.com
