BRIEF

on Pulsar Helium Inc. (isin : CA7459321039)

Pulsar Helium Inc. Announces Encouraging Results from Jetstream Appraisal Well #1

Pulsar Helium Inc., a company listed on the TSXV under the symbol PLSR, revealed that the Jetstream #1 appraisal well, located at the Topaz Helium Project in Minnesota, reached a total depth of 671 meters. During drilling, the well showed helium concentrations of up to 12.4%, measured by on-site mass spectrometry.

Thomas Abraham-James, President and CEO, expressed excitement about the confirmed presence of helium, marking a significant milestone for helium exploration in Minnesota. Future work will include flow testing on the well once the wireline logs have been analyzed by Baker Hughes.

The geology of the well showed consistency with mafic rocks, and the collected gas samples will be analyzed for full molecular composition. Due to unusually high winter temperatures and impending transportation restrictions, drilling was completed slightly ahead of planned depth. Production tests are planned to assess the capacity of the well.

Pulsar complied with Minnesota state exploration regulations throughout the operation, confirming Jetstream #1's compliance with local guidelines. Future results and independent laboratory analyzes will provide additional information on the concentrations of helium and other gases present.

R. E.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Pulsar Helium Inc. news