Pulsar Helium Announces the Commencement of Well-Testing at the Topaz Helium Project in Minnesota
Pulsar Helium (PSRHF) has initiated well-testing activities at its Topaz helium project in Lake County, Minnesota. The testing program consists of two phases: an initial four-week flow testing phase at Jetstream #1 and Jetstream #2 appraisal wells, which began on April 1, 2025, followed by extended pressure build-up monitoring through June 2025.
The collected flow, pressure, and gas sample data will contribute to preparing a resource update. CEO Thomas Abraham-James highlighted this development as a significant milestone that builds upon the project's previous drilling success.
Pulsar Helium (PSRHF) ha avviato attività di test sui pozzi nel suo progetto di elio Topaz nella contea di Lake, Minnesota. Il programma di test consiste in due fasi: una fase iniziale di test di flusso della durata di quattro settimane presso i pozzi di valutazione Jetstream #1 e Jetstream #2, che è iniziata il 1° aprile 2025, seguita da un monitoraggio prolungato dell'accumulo di pressione fino a giugno 2025.
I dati raccolti sul flusso, la pressione e i campioni di gas contribuiranno alla preparazione di un aggiornamento delle risorse. Il CEO Thomas Abraham-James ha evidenziato questo sviluppo come una pietra miliare significativa che si basa sul successo di perforazione precedente del progetto.
Pulsar Helium (PSRHF) ha iniciado actividades de prueba en su proyecto de helio Topaz en el condado de Lake, Minnesota. El programa de pruebas consta de dos fases: una fase inicial de pruebas de flujo de cuatro semanas en los pozos de evaluación Jetstream #1 y Jetstream #2, que comenzó el 1 de abril de 2025, seguida de un monitoreo prolongado de acumulación de presión hasta junio de 2025.
Los datos recopilados sobre el flujo, la presión y las muestras de gas contribuirán a la preparación de una actualización de recursos. El CEO Thomas Abraham-James destacó este desarrollo como un hito significativo que se basa en el éxito de perforación anterior del proyecto.
펄사 헬륨 (PSRHF)은 미네소타주 레이크 카운티에 있는 탑재 헬륨 프로젝트에서 우물 테스트 활동을 시작했습니다. 테스트 프로그램은 두 단계로 구성되어 있습니다: 2025년 4월 1일에 시작된 제트스트림 #1 및 제트스트림 #2 평가 우물에서의 초기 4주 유량 테스트 단계와 2025년 6월까지의 압력 축적 모니터링입니다.
수집된 유량, 압력 및 가스 샘플 데이터는 자원 업데이트 준비에 기여할 것입니다. CEO 토마스 아브라함-제임스는 이 개발을 프로젝트의 이전 드릴링 성공을 기반으로 한 중요한 이정표로 강조했습니다.
Pulsar Helium (PSRHF) a lancé des activités de test de puits dans son projet d'hélium Topaz dans le comté de Lake, Minnesota. Le programme de test se compose de deux phases : une phase initiale de test de flux de quatre semaines dans les puits d'évaluation Jetstream #1 et Jetstream #2, qui a commencé le 1er avril 2025, suivie d'une surveillance prolongée de l'accumulation de pression jusqu'en juin 2025.
Les données collectées sur le flux, la pression et les échantillons de gaz contribueront à la préparation d'une mise à jour des ressources. Le PDG Thomas Abraham-James a souligné ce développement comme une étape importante qui s'appuie sur le succès de forage précédent du projet.
Pulsar Helium (PSRHF) hat Aktivitäten zur Brunnenprüfung in seinem Topaz-Heliumprojekt im Lake County, Minnesota, initiiert. Das Testprogramm besteht aus zwei Phasen: einer anfänglichen vierwöchigen Fließtestphase an den Bewertungsbohrungen Jetstream #1 und Jetstream #2, die am 1. April 2025 begonnen hat, gefolgt von einer erweiterten Druckaufbauüberwachung bis Juni 2025.
Die gesammelten Daten zu Fluss, Druck und Gasproben werden zur Vorbereitung eines Ressourcenupdates beitragen. CEO Thomas Abraham-James hob diese Entwicklung als einen bedeutenden Meilenstein hervor, der auf dem bisherigen Bohr-Erfolg des Projekts aufbaut.
- Progression of Topaz project development with commencement of well-testing
- Systematic approach with two-phase testing program
- None.
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CASCAIS, Portugal, April 02, 2025 (GLOBE NEWSWIRE) -- Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) (“Pulsar” or the “Company”), a leading helium project development company, is pleased to announce the commencement of well-testing activities at Jetstream #1 and Jetstream #2 at its flagship Topaz project in Lake County, Minnesota.
- Well-testing activities are expected to occur in two sequential phases, the initial phase will focus on flow testing at the Jetstream #1 and Jetstream #2 appraisal wells, followed by a second phase of extended pressure build-up monitoring.
- The initial phase of flow testing began on April 1, 2025, and is expected to continue over approximately four weeks.
- The second phase will consist of extended pressure build-up monitoring through the end of June 2025.
The well-testing program data is needed to prepare a resource update.
Thomas Abraham-James, President & CEO of Pulsar, commented:
“The commencement of well-testing activities at the Jetstream #1 and #2 wells at our Topaz helium project in Minnesota is a significant milestone. Flow, pressure and gas sample data will be collected and will build upon the drilling success achieved at Topaz to date. We look forward to keeping the market updated with progress.”
About the Topaz Project
The Topaz project is located in northern Minnesota, USA where Pulsar is the first mover and holds exclusive leases. Drilling at the Jetstream #1 appraisal well has now reached total depth (“TD”) of 5,100 feet (1,555 metres) on January 11, 2025, successfully penetrating the entire interpreted helium-bearing reservoir and beyond. The Jetstream #1 appraisal well previously reached TD of 2,200 feet (671 metres) on February 27, 2024, identifying top-tier helium concentrations of up to
On behalf Pulsar Helium Inc.
“Thomas Abraham-James”
President, CEO and Director
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About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company listed on the AIM market of the London Stock Exchange and the TSX Venture Exchange with the ticker PLSR, as well as on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of its flagship Topaz helium project in Minnesota, USA, and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release and the interview contains forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements. Forward-looking statements herein include, but are not limited to, statements relating to the completion of the flow testing and pressure build up tests of Jetstream #1 and Jetstream #2, the timing of completion of the flow testing and pressure testing; the potential impact of the drill results, flow testing and pressure testing on the deepening of Jetstream #1, the drilling Jetstream #2 on the next iteration of the resource estimate; the potential of CO2 as a valuable by-product of the Company’s future helium production; and the potential for future wells. Forward-looking statements may involve estimates and are based upon assumptions made by management of the Company, including, but not limited to, the Company's capital cost estimates, management's expectations regarding the availability of capital to fund the Company's future capital and operating requirements and the ability to obtain all requisite regulatory approvals.
No reserves have been assigned in connection with the Company's property interests to date, given their early stage of development. The future value of the Company is therefore dependent on the success or otherwise of its activities, which are principally directed toward the future exploration, appraisal and development of its assets, and potential acquisition of property interests in the future. Un-risked Contingent and Prospective Helium Volumes have been defined at the Topaz Project. However, estimating helium volumes is subject to significant uncertainties associated with technical data and the interpretation of that data, future commodity prices, and development and operating costs. There can be no guarantee that the Company will successfully convert its helium volume to reserves and produce that estimated volume. Estimates may alter significantly or become more uncertain when new information becomes available due to for example, additional drilling or production tests over the life of field. As estimates change, development and production plans may also vary. Downward revision of helium volume estimates may adversely affect the Company's operational or financial performance.
Helium volume estimates are expressions of judgement based on knowledge, experience and industry practice. These estimates are imprecise and depend to some extent on interpretations, which may ultimately prove to be inaccurate and require adjustment or, even if valid when originally calculated, may alter significantly when new information or techniques become available. As further information becomes available through additional drilling and analysis the estimates are likely to change. Any adjustments to volume could affect the Company's exploration and development plans which may, in turn, affect the Company's performance. The process of estimating helium resources is complex and requires significant decisions and assumptions to be made in evaluating the reliability of available geological, geophysical, engineering, and economic date for each property. Different engineers may make different estimates of resources, cash flows, or other variables based on the same available data.
Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward- looking statements. Such risks and uncertainties include, but are not limited to, that Pulsar may be unsuccessful in completing the flow testing and pressure testing of Jetstream #1 and Jetstream #2, in drilling commercially productive wells; the uncertainty of resource estimation; operational risks in conducting exploration, including that flow-testing, pressure testing and drill costs may be higher than estimates ; commodity prices; health, safety and environmental factors; and other factors set forth above as well as under "Cautionary Note Regarding Forward Looking Statements and Market and Industry Data" and "Risk Factors" in the AIM Admission Document published on October 14, 2024 found on the Company’s web site at https://pulsarhelium.com/investors/aim-rule-26/default.aspx.
Forward-looking statements contained in this news release are as of the date of this news release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. No assurance can be given that the forward-looking statements herein will prove to be correct and, accordingly, investors should not place undue reliance on forward-looking statements. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
