Pulsar Helium's Jetstream Well Testing Program Set to Launch
Pulsar Helium's Exciting Update on Well Testing Program
Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF), a leading name in helium project development, has exciting news regarding their Jetstream Well Testing Program at the Topaz Project. The company is gearing up for a well clean-up and flow testing process that is set to kick off soon. According to their timeline, the operations are expected to begin in mid-July and conclude by early-August. Pulsar has strategically designed this program based on extensive research into similar geological areas, ensuring that they are primed for success.
The Initial Phase of Testing
The testing will commence with a critical clean-up of both Jetstream #1 and #2 wells. This initial phase involves removing drill fines—rock dust that has accumulated in fractures and on wellbores, which can disrupt the flow of helium. Pulsar plans to utilize a coil tubing system from a truck-mounted unit, eliminating the need for a traditional drilling rig. This innovative approach ensures efficiency and minimizes downtime, allowing them to treat the wells with a mix of water, nitrogen, and NSF 60 compliant additives that are safe for drinking water applications.
Subsequent Flow Testing Operations
After the initial clean-up, Pulsar will proceed with pressure and flow testing for both wells. This phase will be crucial for gathering data on the wells’ productivity. Throughout the course of the testing program, Pulsar will be committed to keeping the market informed by releasing verified results as they become available. This transparency should reassure stakeholders of the project's viability and progress.
CEO Thomas Abraham-James Comments
President and CEO Thomas Abraham-James shared his enthusiasm, stating, "We’re eager to get back to flow testing following promising pressure readings from our previous drilling endeavors. The program is fully financed, and we anticipate this data will be significant for advancing our helium operations at the Topaz Project." His remarks highlight the confidence that Pulsar has in its strategic goals and the importance of these forthcoming tests.
Insights into the Topaz Project
The Topaz Project is situated in a prime location known for its potential helium reserves. Pulsar is a pioneer in this area, currently holding exclusive drilling rights. Recently, the company successfully drilled the Jetstream #1 well to a depth of 5,100 feet, which allowed them to fully penetrate an interpreted helium-bearing reservoir. Early results from previous drilling show helium concentrations soaring up to 14.5%, significantly exceeding the economic threshold of 0.3%.
The Jetstream #2 well, also completed recently, has opened up further opportunities for the company to explore and develop these helium resources effectively. As global demand for helium continues to rise, Pulsar's operations represent a vital contribution to this supply chain, ensuring that they capitalize on resource opportunities while championing environmental safety and responsible development.
Looking Ahead: The Future of Pulsar Helium
Pulsar Helium Inc. is committed to maintaining its leadership stance in the helium sector. As they proceed with the Jetstream Well Testing Program, the focus will lie not only on immediate results but also on positioning themselves for future growth. With a committed approach to exploration and operational execution, Pulsar aims to increase its contributions to the global helium market.
The company's commitment to innovation in helium extraction and sustainability will undoubtedly play a pivotal role in supporting the ever-increasing demands within industries reliant on this critical resource. Stay tuned for exciting developments from Pulsar Helium as they continue to make strides in the helium exploration front.
Frequently Asked Questions
What is the Jetstream Well Testing Program?
The Jetstream Well Testing Program involves well clean-up and flow testing operations on the Jetstream #1 and #2 wells, aimed at assessing their helium production potential.
When does the well testing program commence?
The program is expected to start in mid-July and finish by early-August, providing vital data for the Topaz Project.
Who is the CEO of Pulsar Helium Inc.?
Thomas Abraham-James serves as the President and CEO of Pulsar Helium Inc., spearheading the company’s strategic initiatives.
Why is the Topaz Project significant?
The Topaz Project holds promising geological formations with helium concentration levels significantly higher than the economic threshold, indicating strong potential for production.
How does Pulsar Helium ensure safety in its operations?
Pulsar adheres to sustainable practices, utilizing NSF 60 compliant additives in their testing procedures to guarantee environmental safety and compliance with health standards.
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