Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An announcement from Pulsar Helium, Inc. ( (TSE:PLSR) ) is now available.
Pulsar Helium Inc. has announced promising results from its Jetstream #1 and Jetstream #2 appraisal wells at the Topaz helium project in Minnesota, USA. The wells have shown sustained helium concentrations of up to 8%, significantly exceeding typical commercial thresholds, and highlight the project’s potential as a leading primary helium source. Jetstream #1 demonstrated exceptional well performance with a peak flow rate of over 1.3 million cubic feet per day, while Jetstream #2, despite encountering wellbore blockages, showed strong reservoir indicators. Pulsar plans a targeted cleanout program for Jetstream #2 to address these issues and further unlock the project’s capabilities. The high helium and CO₂ content in the gas composition offers opportunities for commercial CO₂ byproduct utilization, enhancing the project’s economics and positioning Pulsar as a significant player in the helium industry.
More about Pulsar Helium, Inc.
Pulsar Helium Inc. is a publicly traded company listed on the AIM market of the London Stock Exchange, the TSX Venture Exchange, and the OTCQB. The company’s portfolio includes the flagship Topaz helium project in Minnesota, USA, and the Tunu helium project in Greenland. Pulsar is a pioneer in these locations, focusing on primary helium occurrences not linked to hydrocarbon production.
Learn more about PLSR stock on TipRanks’ Stock Analysis page.