Flow Tests Imminent

After a several-week, seasonal pause, Pulsar Helium Inc. (TSXV:PLSR ; OTCQB:PSRHF; FRA: Y3K) is resuming work on its successful helium well Jetstream #1 in Minnesota. Final tests on the well are scheduled to be conducted over a period of about two weeks.

Initially, additional data will be collected from the depth of the well. Subsequently, the wellhead and the sidewalls of the borehole will be prepared for final flow tests, which will also include pressure build-up tests.

Conclusion: Two crucial weeks are beginning for Pulsar Helium Inc. Although the company made one of the world’s richest helium discoveries in mid-March, with a confirmed helium concentration of 13.8% – and in the US state of Minnesota, which no expert had previously considered – it’s now time to demonstrate that economically viable quantities of gas can be extracted from the well. The high helium content is important, but equally crucial is the question of how high the pressure is with which the gas emerges and how quickly this pressure potentially decreases. These are precisely the questions Pulsar aims to answer in the coming two weeks, which will also enable a preliminary assessment of the well’s economic viability. From the historical accidental discovery in 2011, it’s known that the system is under overpressure. The company has repeatedly described the scene where the gas pressure was sufficient to blow the drill core and associated drilling fluid out of the borehole. The gas flow continued for four days without any noticeable pressure drop. The flow rate of the gas was measured with an anemometer designed only for inland wind speeds. At the time, a maximum speed of 150 km/h was reached before the measuring device collapsed under the gas pressure…