Pulsar Enjoys First Mover Advantage in Minnesota
The Minnesota Department of Transport has declared the seasonal spring road restrictions in the northern frost zone to be over as of Monday, May 6, at 12:01 AM local time. This allows
As the company announces today, they intend to immediately resume field work on Jetstream #1. The first step involves repairing roads. Borehole measurements and well completion, including flow tests with a pressure build-up program, are expected to follow within a week. All necessary contracts have already been concluded, and suppliers and equipment for the upcoming work have been secured.
All Preparations Completed
Thomas Abraham-James, President and CEO, commented: “My colleagues and I are excited to receive the excellent data from Jetstream #1, and everything is prepared for this. I look forward to updating the market with current results as soon as they arrive.”
The exploratory drilling Jetstream #1 reached a total depth of 671 meters (2,200 feet) on February 27, with helium concentrations of up to 13.8% measured. Field activities were suspended during the spring road restrictions that limit heavy vehicle traffic. Jetstream #1 is designed to be developed for future helium production without further drilling.
Pulsar enjoys the first mover advantage in Minnesota. No other helium company has ever operated in the US state, mainly because Minnesota does not produce oil or gas. Pulsar Helium’s discovery has catapulted Minnesota from obscurity to the forefront of future helium producers in the USA. While 95% of globally produced helium is a by-product of hydrocarbon production (natural gas), Jetstream#1 is a primary helium source with only traces of methane present. Typically, a helium concentration of 0.3% is considered economically interesting. The double-digit values measured by Pulsar Helium exceed those of its competitors by 10 to 20 times, with the latter usually not providing information on pressure or flow rates. This is precisely what makes Jetstream#1 special. The system is under pressure. The company aims to determine exactly how high this pressure is and what the exact composition of the gas mixture looks like during the upcoming flow tests.
We at www.goldinvest.de had Pulsar Helium on our radar even before the IPO. Particularly with our two articles from December 14, 2023; price: 0.34 CAD and January 24, 2024; price 0.38 CAD, we drew early attention to the opportunity. Currently, Pulsar is trading at around 1.30 CAD, implying a market value of nearly 100 million CAD. Pulsar’s stock has recently become tradable on the OTCQB in the US, and shares can be delivered electronically via DTC, which facilitates active trading.
