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Pulsar Helium Announces an Update for Well-Testing at the Topaz Helium Project in Minnesota
Globenewswireยท 2025-04-28 06:00
Core Viewpoint - Pulsar Helium Inc. has provided an update on well-testing activities at its Topaz project in Minnesota, highlighting encouraging well-head pressures and the presence of drilling fines affecting gas flow [1][2][3]. Well Testing Results - Pressure and flow testing at Jetstream 1 and Jetstream 2 showed well-head pressures of 122 PSIG and 151 PSIG respectively, with Jetstream 2 exceeding the previous pressure of 145 PSIG recorded in February 2024 [2]. - Jetstream 1 achieved a flow rate of 821,000 cubic feet per day under well-head compression during earlier tests [2]. Drilling Fines Impact - Drilling fines created by the air drilling method were found within fractures and on the wellbore wall, which restricted gas flow [3]. - A preliminary clean-up has been performed on both wells, resulting in improved flow rates, indicating that the drilling fines are mobile and can be removed [4]. Future Testing Plans - Further flow testing will resume once the clean-up of the wells is complete, expected to take 6 to 10 weeks [5][6]. Project Overview - The Topaz project is located in northern Minnesota, where Pulsar is the first mover with exclusive leases [7]. - Jetstream 1 has reached a total depth of 5,100 feet (1,555 meters) and identified helium concentrations of up to 14.5%, significantly above the economic threshold of 0.3% [7]. - Jetstream 2 was completed at a total depth of 5,638 feet (1,718 meters) on February 1, 2025, contributing to the company's strategy to meet the growing global demand for helium [7].