RE: Rns out13 Jan 2025 07:36
Pulsar Announces Deepening of Jetream #1
Today 07:00
RNS Number : 0533T
Pulsar Helium Inc.
13 January 2025
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NEWS RELEASE | JANUARY 13, 2025 | CASCAIS, PORTUGAL
PULSAR HELIUM ANNOUNCES SUCCESSFUL COMPLETION OF DEEPENING OF THE JETSTREAM #1 APPRAISAL WELL, TOPAZ PROJECT, MINNESOTA, USA
Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the "Company"), a leading helium project development company, is pleased to announce the successful completion of the deepening operation for the Jetstream #1 appraisal well, that previously flowed up to 14.5% helium concentration, at its flagship Topaz Project in Minnesota, USA. The drilling operation reached Total Depth (TD) of 5,100 feet (1,555 metres) on January 11th, 2025, successfully penetrating the entire interpreted helium-bearing reservoir and beyond.
Key Achievements
Successful Deepening: Jetstream #1 reached its target depth of 5,100 feet on January 11th, 2025.Expanded Reservoir: Initial data supports the Company's interpreted larger helium-bearing reservoir zone with multiple helium zones encountered throughout the deepening operation from 2,200 feet to 5,100 feet.Promising Helium Readings: Mud log gas levels containing up to 7.24% helium were encountered during drilling. These samples are diluted by atmospheric air due to the rotary air drilling method used and unaffected samples for laboratory analysis will be acquired in due course.Comprehensive Data Collection: Down-hole wireline logging data was acquired over January 11th-12th, this data will be integrated with additional downhole data that will be acquired over the coming weeks.Next Step