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Pulsar Helium Commences Drilling of Jetstream #5
Globenewswire· 2025-12-03 07:00
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMA ...
Pulsar Helium Announces an Update for Well-Testing at the Topaz Helium Project in Minnesota
Globenewswire· 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].