- Pulsar Helium (TSXV:PLSR) has more than tripled 2024 natural flow test rates from the Jetstream #1 well at its Topaz project in Minnesota
- Besides Topaz, Pulsar is advancing the Tunu project in Greenland, with both projects featuring primary helium occurrences not associated with hydrocarbon production
- Pulsar Helium stock has given back 12.90 per cent year-over-year but remains up by 390.91 per cent since inception in 2023
Junior explorer Pulsar Helium (TSXV:PLSR) more than tripled 2024 natural flow test rates from the Jetstream #1 well at its Topaz project in Minnesota.
This content has been prepared as part of a partnership with Pulsar Helium Inc., and is intended for informational purposes only.
On August 15, the well reached ~501,000 cubic feet per day (Mcf/d) on a 38/64” choke at ~30 pounds per square inch (psi) well head pressure (WHP) with no compression, stimulation or formation water.
Jetstream #1 also posted long-duration flows of 150–300 Mcf/d for periods of 12–18 hours on smaller choke sizes, showing rapid pressure recovery and no significant decline.
Results in April 2024 peaked at ~150 Mcf/d at 34 psi WHP (~821 Mcf/d under well-head compression) with helium concentrations ranging from 8.7 to 14.5 per cent, miles ahead of the 0.3 per cent economic threshold for the commodity.
According to Monday’s news release, the results support Topaz’s potential as a top global helium resource, with the company vying to further substantiate this potential through sustained-flow testing, full gas composition analyses and flow testing under well-head compression (which is expected to significantly increase flow rates) over the near term. The company will then conduct the same testing regimen on Jetstream #2, which was completed on February 1st, reaching a depth of 1,728 metres.
Leadership insights
“The deepening of the Jetstream #1 appraisal well to a total depth of 5,100 feet, penetrating the entire interpreted helium-bearing zone, has proven highly successful,” Thomas Abraham-James, Pulsar Helium’s president and chief executive officer, said in a statement. “The well is now naturally flowing at ~501,000 cubic feet per day at 30 pounds per square inch WHP, more than three times the peak natural flow achieved in 2024. This result validates our subsurface model, significantly de-risks the Topaz project and confirms the reservoir’s outstanding productivity. This is especially exciting considering the 2024 gas analysis for the same well returned helium concentrations ranging from 8.7 to 14.5 per cent. With further flow testing, including under well-head compression, and gas composition analyses to follow, we look forward to sharing further updates and the results of Jetstream #2. These results underscore the immense opportunity at Topaz and signal the start of unlocking its full potential.”
About Pulsar Helium
Pulsar Helium is advancing its flagship Topaz project in Minnesota, USA, and the Tunu project in Greenland, both of which feature primary helium occurrences not associated with hydrocarbon production.
Pulsar Helium stock (TSXV:PLSR) is up by 11.34 per cent trading at C$0.54 as of 9:33 am ET. The stock has given back 12.90 per cent year-over-year but remains up by 390.91 per cent since inception in 2023.
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