Member Info for dai2belts

I skim it looking for bits of the puzzle, so read some sections in detail, and slowly work through it.. I struggle to recall anything if I simply read, even a few paragraphs, which is really frustrating. I have to take a few points in, then read that section again laters, take a long time..

Other could be Gex if delayed and Pulsar

What this video ;)

https://www.youtube.com/watch?v=aaADSkDtQy0

I don't know what to make of Mou-3, swabbing out, made it sound like the well is full of gunk.. Surely after jetting they cleaned it out, so what's the source of the gunk ?

Another for early 2025, only need for the others to come to mind, Zephyr and ?

In a video ?

I can't remember the story its been so long, was MOU 3 the multi-bagger ?

Its. crazy how the MM can move the prices up on so few trades, the value of the company has increased by £millions on a handful of trades....defies logic

Wow, up almost 60% on no news. 15 minute delay showing up 52% with just 178 trades, bonkers,

17th Oct

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Well operations continue on the high-impact Selene exploration well. The Shell operated well reached its total target depth of 3540 metres on 17 October 2024 and encountered a 160 metre thick section of Leman Sandstone with gas present throughout.

While initial observations are clearly encouraging, Deltic will need to wait on further results from the logging and fluid sampling operations before providing a comprehensive update in due course.

Lots start at the bottom..

The hole is cased so you can test the bottom without the upper zones, then seal the lower, if no good permanently , and test the next one up. Starting at the top I guess its more complicated to isolate each upper zone as the test equipment needs to pass through to reach the lower sections

Presentation link

https://s203.q4cdn.com/212931576/files/doc_presentations/2024/Sep/10/pulsar_corp_deck_sep24_web.pdf

@IG, Directors Talk, quotes 1.4bcf, then a little further down 1.3bcf, but I am struggling to match either of those figures..

You would expect to see them in the latest presentation, and IPO doc

Sept 2024 presentation mentions 0.4 Bcf Gross Prospective Helium Resources

Site to find TSX Prospectus, seems download only

https://www.sedarplus.ca

Pulsar Helium Inc. (000056066)

Site to find TSX Prospectus, seems download only

https://www.sedarplus.ca

Pulsar Helium Inc. (000056066)

Makes you wonder about the cost of He1 depending Itumbula......

Project Topaz related: US$'000s

Site preparation, rig mobilisation and demobilisation $500

Drilling (500m deepening of Jetstream #1) / completion activities and PEA $750

Project Tunu related – geothermal report and 2x passive seismic surveys $150

Project Topaz further work (as yet uncommitted) and general working capital uses $3,650

Interesting, He1 talked a lot about reservoirs, then ended up chasing fractures..

Pulsar CPR interpreted the gas reservoir as being solely a fractured reservoir with NO MATRIX POROSITY OR PERMEABILITY

When Pulsar deepen the well by another 500, then the will likely be more fractures producing gas

AIM IPO Doc

https://s203.q4cdn.com/212931576/files/doc_downloads/aim_rule_26/AIM_Admission_Document_Low-REs.pdf

Royalty 20%, then maybe another 3.5%, not sure if its depending which block of land the Helium is related to..

The lease has a five-year primary term, extendable with continued production or development, and includes a royalty to RGGS, payable by the Company of 20 per cent of the gross sale price of minerals extracted, where the gross sale price is the actual price paid by a third-party purchaser, less transportation and refining charges or costs (RGGS Royalty).

royalty to St Croix, equating to 3 per cent

Campanula was granted the Campanula Royalty, which provides it with a royalty equal to 0.5 per cent. of gross production revenue for any helium

Page 24

AIM IPO Doc

https://s203.q4cdn.com/212931576/files/doc_downloads/aim_rule_26/AIM_Admission_Document_Low-REs.pdf

August 2023

Thomas Abraham-James, the chief executive officer, president, and director, and Neil Herbert, executive chair, co-founded Pulsar in 2022.

Pulsar's directors and officers have skin in the game, noted Foucaud, as together they hold about 49% of the helium company's total 74.9 million issued shares.

Pulsar has the funds for its upcoming drill and testing program at Topaz, Foucaud noted. As of June 30, 2023, the company had CA$100,000 in working capital and CA$2.5M in IPO proceeds.

Auctus estimated that payback from Topaz would take only four months, assuming initial gross gas production of 5 Mmcf per day (5 Mmcf/d), a cost of US$15M to build a 10 MMcf/d facility, and a helium sales price of US$450 per thousand cubic feet. (Helium generally is produced as a byproduct of gas.)

And there was that $2m well development costs, is that each ?

https://www.streetwisereports.com/article/2023/08/17/coverage-launched-on-new-helium-co-with-3x-upside.html

Analyst Pricing.... Unrisked starting at ~£1 ??

Mmmmmmmm, Article June '24 Unrisked NAV CAD$2, based on 6 wells, and 5mmcf/d, so about £1.12 with upside +£2

"|Foucaud increased the chance of development for the Topaz project from 55% to 65% and assumed a 6-well development to reach 5 mmcf/d gross production, with production expected to start in Q4 2025. "Given the low drilling cost, this does not have a significant impact on our valuation," the analyst noted.

Auctus Advisors' unrisked net asset value (NAV) for Pulsar Helium, based on a 5 mmcf/d (gross gas) development, is more than C$2.00 per share. The upside case, including additional resources, leads to an overall unrisked NAV of approximately CA$4.15 per share."

https://www.streetwisereports.com/article/2024/06/10/impressive-flow-rate-at-appraisal-well-implies-22m-in-revenue.html

Some technical stuff to understand flowing pressure and techniques in increase,,

A 14psi drop in pressure increase flow from 150mcf to 800mcf..

"The flow rate initially reached 0.15 mmcf/d with flowing tubing head pressure of 34 psi. The bottom hole pressure was 162 psi," Foucaud noted. "A compressor was then installed at the wellhead to reduce the flowing tubing head pressure to 20 psi, thereby increasing the difference between the flowing pressure and the reservoir pressure. The greater pressure differential resulted in the flow rate increasing to ~0.8 mmcf/d.""

https://www.streetwisereports.com/article/2024/06/10/impressive-flow-rate-at-appraisal-well-implies-22m-in-revenue.html

Payments to media companies, big differences in prices, zacks traders cafe is included

https://s203.q4cdn.com/212931576/files/doc_news/2024/01/Pulsar-Announces-Investor-Awareness-Agreements.pdf