Pulsar Helium (LSE:PLSR) has continued appraisal activities at its flagship Topaz project in Minnesota, completing drilling of the Jetstream #6 well to a depth of 2,597 feet, where several pressurised gas zones were encountered. The results further support the company’s geological interpretation and maintain a 100% success rate across seven appraisal wells drilled to date.
The company has now initiated drilling of the step-out Jetstream #7 well while also completing a 41.5-mile 2D seismic survey across the project area. The seismic data will undergo processing and interpretation to enhance structural mapping, improve resource evaluation and guide future drilling programmes targeting the large-scale helium, helium-3 and CO₂ system.
Recent operational progress has expanded Pulsar’s understanding of the Topaz reservoir and reinforces its strategy to increase exposure to industrial and specialty gas markets. Confirmation of pressurised gas across multiple well locations, combined with improved subsurface imaging, is expected to strengthen future appraisal and development planning and could influence both the ultimate scale of the project and the company’s role within the emerging primary helium industry.
More about Pulsar Helium, Inc.
Pulsar Helium Inc. is a publicly traded exploration and development company focused on primary helium resources and high-value industrial gases, with listings in London, Toronto and on the OTCQB market. Its principal asset is the Topaz helium project in Minnesota, alongside the Falcon project in Michigan and the Tunu project in Greenland, where the company is pursuing early identification of primary helium systems independent of hydrocarbon production.
Leave a Reply