Pulsar Helium: Confirmation of gas across all five Jetstream appraisal wells at the Topaz Helium Project, Minnesota, highlights the widespread nature of the helium reservoir.
The success story continues as Pulsar Helium’s (AIM/TSXV PLSR / WKN A3EP2C) exploration programme, designed to drill up to ten wells to further delineate the Topaz project resource, has now moved on to the Jetstream #5 appraisal well, which has already reported promising progress.
As the company of CEO Thomas Abraham-James has just announced, they have also encountered a zone with pressurized gas at Jetstream #5, and already at relatively shallow depths of around 255 and 451 meters. The preliminary calculated pressure at the bottom of the borehole is approximately 662 PSI, with Pulsar simultaneously observing a visible gas influx during the ongoing drilling work! Specifically, this means that gas bubbles were clearly visible in the drilling fluids on the surface, which confirms an active gas flow under pressure.
Pulsar Helium with 100% success rate
Further data on Jetstream #5, which is located approximately 3 kilometres northeast of the Jetstream #1 apprasial well will follow once the necessary tests have been completed. For now, however, the well will be drilled to its target depth of 1,524 metres.
Pulsar is simultaneously progressing Jetstream #3 and #4, where the data obtained has been sent for interpretation. Well testing included micro-resistivity imaging of the formation, dipole acoustic measurements, resistivity measurements, and gamma and neutron density measurements.
The discovery of gas flow in Jetstream #5 at shallow depth is also very encouraging, as it suggests that the gas column is extensive and the reservoir pressure is robust throughout the field. With each successful well drilled, the Company is moving closer to its goal of establishing Topaz as a major primary source of helium in North America. Pulsar will now continue with its appraisal drilling programme, gathering high-quality data from core samples and upcoming tests to guide the next phases of project development.
