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Pulsar Helium Announces Upcoming Down-Hole Testing of the Jetstream Appraisal Wells, Topaz Project, Minnesota, USA
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBL...
About this update from Pulsar Helium, Inc.
[{"type":"text","content":"Pulsar Helium Announces Upcoming Down-Hole Testing of the Jetstream Appraisal Wells, Topaz Project, Minnesota, USA\n\n\n\n\n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.\n \n\n\n CASCAIS, Portugal, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) (“\n \n Pulsar\n \n ” or the “\n \n Company\n \n ”), a leading helium project development company, is pleased to announce that down-hole testing equipment is scheduled to mobilise to site on Monday, February 24\n \n th\n \n . The tools consist of an optical televiewer and LithoScanner, both of which will be run on both the Jetstream #1 and #2 appraisal wells.\n \n\n\n Summary\n \n\n\n\n\n Down-Hole Testing:\n \n Involving optical televiewer and LithoScanner tools, is scheduled to commence on Monday, February 24\n \n th\n \n . The data collection process, expected to take approximately two days, will provide valuable insights into reservoir characteristics. Jetstream #1 was deepened to a total depth (TD) of 5,100 feet (1,555 meters), while Jetstream #2 reached a TD of 5,638 feet (1,718 meters).\n \n\n\n\n Next Steps:\n \n Flow rate and bottom-hole pressure testing will occur in March 2025 once well head pressures are anticipated to have stabilised. The flow testing will be conducted over a period of up to two weeks for each well. All data will then be sent to an independent resource estimator for a resource update, and to Chart Industries for production scenario assessment and conceptual processing facility design.\n \n\n\n\n\n Expanded Reservoir Potential\n \n\n\n Elevated helium values were observed in both Jetstream #1 and #2 over a gross vertical thickness of 3,350 and 3,178 feet (1,021 and 969 meters), respectively. This consistency between wells suggests that the interpreted geophysical data accurately indicates that the helium-bearing zone extends beyond 2,200 feet (671 meter...