Pulsar Helium (TSXV:PLSR) – Tapping into Helium Shortages with Flagship US Project
Interview with Thomas Abraham-James, Co-Founder, President & CEO of Pulsar Helium Inc.
Our previous interview: https://www.cruxinvestor.com/posts/pulsar-helium-tsxv-plsr-upcoming-appraisal-drilling-program-on-exciting-us-helium-discovery-4207
Recording date: 8th December 2023
Pulsar Helium is a dedicated helium exploration and development company with projects in the USA and Greenland.
A key recent development was the completion of a seismic survey at Pulsar’s project site in Minnesota. The results exceeded expectations, clearly imaging a gas reservoir where a discovery well last year intersected gas containing 10.5% helium. This concentration is very high – the industry standard for commercial viability is just 0.3%. The imaged reservoir is open-ended and appears to have significant thickness, indicating substantial resource potential. Site preparation is now complete and an appraisal well will be drilled starting mid-February.
The initial discovery well only sampled the very top of the reservoir. The upcoming appraisal well will be drilled deeper to better delineate reservoir size and flow potential. Additional geophysical data is also being analyzed to refine reservoir modeling. Subsequent drill programs will target new anomalies identified in the seismic data that may indicate thicker reservoir sections.
With the exceptional 10.5% helium grade, Pulsar only needs to delineate a relatively small raw gas resource to be economically viable. The goal is to define a reserve base sufficient to support at least 5 years of liquid helium production. This is viewed as readily achievable given the regional scale of the play.
On the market side, helium prices have risen dramatically over the last decade from around $30 per thousand cubic feet to recent contract prices over $625, reflecting extremely tight supply. There is strong underlying demand but output is constrained by lack of available source gas. Pulsar aims to help close this supply gap. With no quick fix apparent, prices are expected to keep rising.
In summary, Pulsar Helium is advancing an exciting high-grade helium project in a market facing critical shortages. Results from the upcoming appraisal well in February will provide key data on the potential commercial scale of the discovery. Positive results could drive substantial upside for investors.
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View Pulsar Helium’s company profile: https://www.cruxinvestor.com/companies/pulsar-helium
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