Pulsar Helium Announces Strong Helium Production Potential
Pulsar Helium's Boosting Helium Production at Jetstream
Pulsar Helium Inc. (AIM: PLSR; OTCQB: PSRHF) is making strides at its Topaz helium project, showcasing incredible helium concentrations at its appraisal wells, Jetstream #1 and Jetstream #2. Through recent laboratory analyses, the company confirmed helium levels ranging from 7% to 8%, positioning itself as a significant player in the helium production industry.
Examining Jetstream #1's Performance
The Jetstream #1 appraisal well demonstrates remarkable capability, achieving peak flow rates of over 1.3 million cubic feet of gas daily. This well was carefully tested, revealing sustained helium concentrations around 7% to 8%, which far exceeds usual commercial thresholds. With this encouraging data, Pulsar Helium is optimistic about the project’s production potential. The consistent helium grades build a solid foundation for future expansions.
Gas Composition and Economic Viability
The gas composition from Jetstream #1 primarily consists of helium and CO?, with the latter accounting for approximately 75-80% of the produced gas. This substantial CO? content presents an exciting opportunity for byproduct utilization, which could further enhance the overall project economics.
Insights from Jetstream #2 Appraisal Well
Similar promising results emerged from Jetstream #2, with initial gas samples showing helium concentrations of up to 8%. The well also recorded a significant shut-in pressure of around 151 psi. However, testing was hampered by wellbore blockages, prompting plans for a targeted cleanout program. The Pulsar team remains hopeful about the project's continued success as they address the current testing challenges.
Future Development Plans for Jetstream #2
Following the cleanout operation at Jetstream #2, Pulsar Helium intends to conduct further flow tests. This aims to reveal the well's true capacity and deliverability, aligning with the high helium concentrations already recorded. With these developments, Pulsar seeks to establish Jetstream #2 as a crucial contributor to the overall Topaz project's success.
About the Topaz Project
The Topaz helium project is located in the northern region of Minnesota, where Pulsar Helium holds exclusive leases for exploration. This project stands out due to its primary helium occurrences that are not linked to hydrocarbon production, enhancing its viability as a leading helium source.
Pulsar Helium's Commitment to Growth
Pulsar Helium Inc. continues to solidify its position in the industry as exploration and development activities ramp up at the Topaz project. With a multi-well drilling campaign slated to start soon, the company is well-prepared to meet the growing global helium demand efficiently. The dedication to unlocking the helium resource with minimal environmental impact could pave the way for improved technologies and extraction methods in the future.
Frequently Asked Questions
What helium concentrations are reported at Jetstream #1?
The analyses confirmed sustained helium concentrations of 7% to 8% at Jetstream #1.
What is the significance of Jetstream #2's results?
Jetstream #2 initially showed helium concentrations similar to Jetstream #1 but faced mechanical flow restrictions, leading to a planned cleanup to release its full potential.
How does CO? content affect the project?
The carbon dioxide levels of approximately 75-80% in the gas present a potential for economic byproduct utilization, enhancing overall project viability.
What are Pulsar's future plans for the Topaz project?
Pulsar plans to initiate a multi-well drilling campaign soon to further explore and develop the Topaz helium project.
Who is leading Pulsar Helium?
Thomas Abraham-James serves as the President and CEO, guiding the company towards significant milestones in helium exploration and production.
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