Pulsar Helium Inc (PSRHF)

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Pulsar Provides Update on the Jetstream #1 Appraisal Well at the Topaz Helium Project
Pulsar Helium Inc.
Fri, Feb 23, 2024, 6:00 AM EST2 min read

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VANCOUVER BC / ACCESSWIRE / February 23, 2024 / Pulsar Helium Inc. (TSXV:PLSR) ("Pulsar" or the "Company") announces that drilling of the Jetstream #1 appraisal well* at the Topaz helium project in Minnesota is ongoing and total depth (TD) has not yet been reached. The drill time is longer than anticipated due to drilling fluid losses preventing fluid circulation and the recovery of gas and drill cuttings to the surface. The Company has therefore made the decision to pivot from drilling with water, to drilling with air; and an air package has been mobilised that will be connected to the contracted drill rig. While the delay is unfortunate, the Jetstream #1 well is still anticipated to reach TD, be tested with a comprehensive suite of open-hole wireline logs and be completed by the first week of March.

Since the spud date, the Jetstream #1 site has been visited by local Minnesota news agencies and a film crew from Reuters, collecting footage and conducting interviews that will be utilized in their upcoming Global Health 2024 documentary series. Many key local stakeholders including government officials, local residents, contractors and potential customers have toured the site.

As per the State of Minnesota's exploratory boring regulations, Jetstream #1 is regulated by the Minnesota Department of Health who also visited site, with Jetstream #1 being in full compliance with the State's regulations.

* In the State of Minnesota, the regulatory term is ‘exploratory boring'.

About Pulsar Helium Inc.

Pulsar Helium Inc. is listed on the TSX Venture Exchange with the ticker PLSR. It is dedicated to defining and developing primary helium assets. Its portfolio consists of the Topaz helium project in Minnesota, USA and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences identified at each. Topaz is the Company's flagship, having been drilled and flowing a remarkably high helium concentration of 10.5%. For further information visit https://pulsarhelium.com and follow us on X https://twitter.com/pulsarhelium?lang=en and LinkedIn https://ca.linkedin.com/company/pulsar-helium-inc.

On behalf Pulsar Helium Inc.

"Thomas Abraham-James"
President, CEO and Director