Member Info for Scott22

Pulsar Helium completed their step out well with no problems. "Elevated helium values were encountered in Jetstream #2 over a gross vertical thickness of 3,178 feet (969 meters) with samples containing up to 3.5% helium identified, despite dilution from atmospheric air due to the rotary air drilling method used." The absolutely key important sentence in the release is this: " We now move into the all-important testing phase."

1. Shaun Bunn is one of four keynote speakers

2. Not many other individual companies are speaking.

Everything is coming together. Megrez with upcoming catalyst from flow tests. The discovery alone is worth the current market cap and good flow tests could double that. Progress on the gas pipeline has been lightening speed, and Megrez is next to the TAPS and the new gas pipeline. Now the Japanese are thinking of investments in Alaska to use soem of Alaska natural gas for ammonia production in Alaska. Plus they (and others) will pay well for LNG exports. LNG exports from Alaska top Asia have huge advantages over gulf coast LNG exports. What is not to like? Any future scenario is good, including sale of project to a major, partnership with a major or mid-level producer, or finding the financing and developing improbably into a mid-level producer all on their own. It is no small thing to add 600-900 million barrels of oil right at that location. Including many TCF of natural gas. It is all wildly positive.

If they have a titanium resource greater than the reserves of the six largest titanium producing countries, the name should reflect that. How about Titanium Resources, Or Titanium Fields. Or Australian Titanium, or Titaniumcorp. Or Empire Titanium.

It seemed to work wonders for Demesne Resources which changed its name to American Tungsten. And the scale of the demesne tungsten deposit in Idaho, while relevant to North America, is tiny compared to the vast quantity of titanium discovered by Empire Metals.

Interesting for sure but totally different geology than Minnesota Topaz project. In MN it is dry gas under impermeable capstone seal in a re-welded rift that has been quiet for about 1.8 billion years. Greenland is more like Tanzania, an active rift with a lot of volcanic activity and hot springs that have helium bubbles in the water. The idea is to use the hot water for a geothermal plant and somehow process the water to remove not only the heat content but also commercial volumes of helium. Helium does not dissolve in water very well, the helium maybe just bubbles up through it. It should off gas easily if they can capture it but it will require a new and innovative approach. Helium 1 and Noble Helium have a somewhat similar situation in Tanzania. Helium 1 has actually applied for a mining (i.e. production) license that must include some details about how they will do it. I am sure Pulsar following that and will see what they come up with.

It doesn't really protect the interests of ordinary shareholders. Just insiders and others those who participated in early private placements. Or am I wrong. Regardless it does not solve the issue of how they will gt needed capital going forward, and it makes the purchase of the company more expensive and dilutes current common holders if there was an offer. However not a huge deal, this is an exciting story. Almost an unbelievable story. They found, on the surface in weathered sandstone beds, an easy to process form of titanium (anatase) in volumes greater than the total reserves of the six biggest titanium producing countries in the world. Only comparable event like this for any commodity would be finding of Ghawar oil field in Saudi Arabia in the 1940's, dwarfing known oil reserves of many oil producing countries. It is ridiculous. In a good way.

It is on sale over there across the pond. 26.5 pence is 33 cents US and 48 cents Canadian. But the shares are trading at 46 cents US and 65 cents Canadian. This opportunity has been sitting there for quite a while. If I could buy the shares easily for 33 cents in US I would do so. Why are not UK investors taking advantage and gobbling up the 26.5 pence shares as fast as they can?

It is a complex issue. If bubbles of helium are introduced below water, not much will dissolve (depends on pressure and temperature) but the helium that doesn't dissolve will rise through the water because it is less dense and buoyant. There is helium gas rising to the surface in multiple springs throughout Tanzania. The company has gotten input from engineers and the thought is that the helium will outgas easily when brought to the surface and can somehow be collected. This has not been done commercially so there is some risk. But they have some estimates of how much helium they can produce based on testing that has been done and details which should be in the mining license application. Certainly helium one is a mess and has a low but not zero chance of doing something good and leading in some way to commercial production with a joint venture partner or an outright buyer most promising route. If someone buys them at this stage there might not be much that goes to us poor shareholders who have been diluted to near (but not not absolute) extinction .

They have huge titanium resource near surface in easy to process anatase form. They think they have more titanium than the total reserves of the six largest titanium producing countries in the world. This actually seems to be true and is supported by quote from mining heavyweight Phil Brumit who was just added to board of directors: "I recognize Pitfield as being a truly world-class deposit that can become a globally significant mine capable of producing large tonnages of high-purity titanium." And it is a hugely favorable location in a tier 1 mining jurisdiction. So the question is this - why is this company not listed in Australia on ASX or in Canada on TSE-V or in US OTC? You would think they would want to attract invetor interest very broadly.

They do not have a rig, you are thinking of Helium One in Tanzania. Pulsar Nickel is in Minnesota, USA. The rig that is drilling their wells is an oil gas rig (and crew) from Casper Wyoming from Capstar Drilling, which has great equipment and expertise, drills oil and gas wells across the Rocky Mountain states, has great reputation as well. They drilled Jetstream 1 last year. They just deepened Jetstream 1, they are now drilling Jetstream 2.

Can anyone explain how one can buy this stock in London for 28 pence and sell it in Canada for equivalent of 40 pence (70 cents CAD)? That situation has been kind of similar for weeks. I do not often see something like with dual listed AIM and TSE.V stocks. You would think someone would want to exploit that. Am I missing something?

The current discount on Pulsar shares on AIM compared to Canada (and US) is nuts. This is the most important stretch since the initial discovery last spring. They just successfully deepened the initial well to include whole reservoir and more importantly the rig is moving to a new pad to start drilling a step out well on Friday Jan 17. If that is also successful the resource will get large boost. The grade is already mind-boggling. There should be intense investor interest in London as in Canada and US. Hate to be dragged down. If I were a Canadian or US small cap company I would stay as far away from AIM as possible. Tendency to destroy value. As many as 70 companies left last year, only 700 left. The only way to do an SPO over there is at an ever lower share price. The exchange where LTH slowly die.

Maestro - Agree totally, that estimate from Sproule was just based on flow rates obtained after Jetstream 1 was paused at previous total depth. Hopefully they can double that an then add another $50 million a year from the step out well. All of a sudden it looks like $100 million a year of helium from just two wells with opportunities to add more wells quickly. When they first talked about the possible scale of the helium operation, they mentioned a million dollars a day, and that was not including the CO2 which they also hope to commercialize that. That would be a globally important helium resource, located in a perfect spot. Not Qatar, not Siberia, not Africa.

I have followed Helium One since the very beginning. I still own 800,000 shares, most bought below .025 pence after maybe the most disastrous dilution event ever. They sold 2.42 BILLION shares at a quarter pence to try to drill one well. Long term share holders no longer have any meaningful stake. Only those who bought at or below a quarter pence. That was years after Thomas had left the company. The big problem with the Helium One Itumbula helium well is that the helium is dissolved in water and there is another step to process it and then handle the water. Possibly even re-inject it. That may not be hugely difficult but it has never been done in a commercial helium project. Another problem is jurisdiction as you state. And location. And no money with current share count of 6 BILLION and share price under one pence. I would like to sell my shares but I am too stubborn to give them away for next to nothing. I sure would sell them for 2-3 pence. Another major advantage of Topaz is dry gas that flows freely to surface.

The famous (?infamous) bridge took a long time but it is now completed. I should have made it clear that I only meant the bridge was not completed at the time the Cas 2 and Cas 3 were drilled off the C pad. So there was no easy access at that time for the Star Valley rig to move onto the B pad. That is now remedied.

Problem is that a lot of the pure play helium companies (looking for primary helium not associated with natural gas) have not panned out. A lot of people on AIM know the sad story of Helium One. Other examples of failed primary helium plays on other exchanges include Noble Helium, Royal Helium, Desert Mountain. So there is good reason to be careful. But Pulsar Helium may be different. The team is very experienced - Thomas actually was co-founder of Helium One and helped advance the understanding of primary helium systems. In part due to collaboration with the Noble Gas Group at Oxford. He left Helium One before the carnage to shareholders, in part because of political instability there, since greatly improved. The Topaz project in Minnesota has many advantages. 14% helium is mind blowing. And it is dry gas underneath a perfect impermeable seal. It seems to be a large reservoir, and the gas has flowed to surface at commercial rates, though no huge volumes yet. (about $23 million of helium a year while they likely need 5-10 times that much to finance processing plant). However they are still trying to prove they have a globally important resource. If they do, and advance to commercial sales, this will be a big winner. And will be important for the northern region of the state. The deepening of Jetsream 1 and the drilling of a step out well are VERY important, are fully funded, are happening right now, and could possible greatly increase the resource estimate. Pulsar is high risk but high reward. And the results of current drilling could derisk the shares significantly and tilt Pulsar Helium into an asymmetric position where reward begins to outbalance risk in a major way.

Agree with your comments about the latest Cas drills not being in the absolute sweet spots. They both had an element of exploration, especially Cas 3. (fortunately a producitve oil well but no gas to add to the A facility). TXP would very likely have drilled the Pad B wells before the C pad wells (true development and almost certainly gas and in the sweet spot ) except for the little problem of the Poole River and the famous bridge not yet completed.

There have been a few comments about location of the step out well maybe being too close to Jetstream 1. The important thing is to get a positive step out well. The new pad is only 350 meters away but they can easily enter the reservoir a little further to the west if they want. (with a little deviation). But regardless a positive step out will greatly increase the resource. I do agree that the seismic section illustration they have been using shows a pretty juicy target about a mile to the west of Jetstream 1. . That is slide 12 on the November Corporate presentation. BUT if you look on the fine print on that slide it says that "the seismic section illustration extends across land that is leased by Pulsar, and adjacent unleased land" . So clearly they have to drill the step out well within boundary of current lease. They did double their land holdings in October from 2100 to 4200 acres from the same private party. The terms state that after the initial 5-year lease extension, any developed tract can be extended further as long as Topaz continues producing gas. Once they make a commercial discovery and are are in production they can extend the field within land owned by that party. Pulsar is also pursuing additional acreage through the newly legislated State leasing process. Anyway the important thing is a positive step out well. The location will be fine.

Desert Mountain in Arizona and Royal Helium in Saskatchewan both bought custom plants for their projects from smallish firms and for both that never quite worked as planned. North American Helium on the other hand has worked with major gas supplier Air Liquide to process and offtake the helium and that has worked fine. I am very glad that Pulsar has Chart Industries on board to help with planning a plant because they are world class and Pulsar may need a custom plant to commercialize both the helium and the very high CO2 content that they have. If they include a basic processing plant and and a liquification plant they will probably need 30-50 million dollars. That it is why it is so important to prove up a big resource

Do remember that TXP has primary listing on the TSE (the main Toronto exchange, not the venture capital exchange). It is just dual listed on AIM though AIM volume often much larger. But they do have to follow Canadian rules.

Is it just an AIM thing, where the usual deal seems to be to buy low