As you say wells are cheap to drill , they’ve only drilled into the top of the reservoir in jetstream#1 which the flow rates have confirmed $22m per year (company estimates) so if the reservoir in this location which looks to be at the edge of the structure, does extend 500m deeper, the flow rates will increase accordingly , could be a $50m well pa and that at the edge of prospect, drill over the thicker part of the reservoir 2.5 times the current potential well and again potential to be much higher flow rates
The economics will be highly lucrative with this scaleable reservoir
$2m per well - $22m - $50m return pa
5 wells $10m potential $100m - $250m
It will be a sort after asset if the reservoir extends across their licence area and that’s just 13% of the licence area , much more to explore with further seismic to understand further exploration upside |
Lets see if jetstream 1 goes deeper. The good thing is there is no other helium explorer in minnesota so rig stays with pulsar as long as they need. I will be happy of they drill 2 further step out wells. I can see this reaching £1 a share.. |
Yes that valuation is for the first well, so the next two drills in a success case will increase their valuation and price target |
I thought i read that right 2 step out wells will be drilled. Wells cost betweem $1m - $2m. The heard will catch onto this one soon... |
Fair value estimate about 90p sounds right.Thanks for posting |
 New research note
Pulsar Helium Inc.
A High-Grade Play in a Tightening Helium Market
Published: 1/6/2025
Author: FRC Analysts
We believe Topaz has substantial resource expansion potential, given its open nature both along strike and at depth. Management plans to conduct additional drilling, followed by a resource update, and a Preliminary Economic Assessment (PEA) in the coming weeks.
PLSR has applied for state land leases to expand its land package. Flow testing recorded up to 821 mcf per day, with concentrations between 7.9% and 14.5%
Geophysical results indicate the potential for gas accumulation directly beneath the maiden well, and within a 3-mile radius. Management plans to deepen the Jetstream #1 well by another 500 m to test the full height of the reservoir, and initiate a step-out drilling program to expand the current resource envelope.
Geophysics has identified an anomaly measuring 3.5 km long, 1 km wide, and 0.5 km deep, with typical target depths for helium deposits in North America reaching up to 2.5 km. PLSR’s maiden resource accounts for only 13% of its land position
Plans to drill two step-out wells to target promising geological anomalies. Anticipating a resource update, and a PEA in the coming weeks
We are initiating coverage with a BUY rating, and a fair value estimate of C$1.57/share. PLSR is an early-stage helium junior, with a high-grade discovery in Minnesota. With a significant supply deficit expected later this decade, and a strong management team, we believe PLSR presents a compelling opportunity within the emerging helium market. The company's upcoming drilling program, and the planned PEA, are key catalysts to watch. |
Picked up on rns very interestingToday"In addition, the Company will be increasing the passive seismic (ambient noise tomography) footprint within the Topaz project area." Todays rnsBELOW IS SNIPPET FROM https://wWw.timberjay.com/stories/pulsar-heliums-new-seismic-results-confirm-the-spread-of-gas-underground,22152"The recently acquired seismic line shows that the productive helium-bearing interval intersected in Jetstream #1 extends laterally," said Josh Bluett, technical manager for Pulsar. "The additional active seismic data further supports the interpretation of the passive seismic and airborne geophysical data. This new data is very encouraging, and I look forward to the upcoming drill program." The firm made a passive, ambient noise seismic survey last year which showed the zone of lowered seismic velocity associated with gas in the ground extending to the west.The announcement that Pulsar hired Capstar Drilling to drill new wells was covered in the Sept. 27 "Looks like green color in the seismic is indeed helium as they are continuing to use the same method to find helium.htTps://x.com/pulsarhelium/status/1869656844337291577?s=19Strong buy, lets see if the deepening was success.. |
Just completed first tranche of the placing, drilling news imminent.This also means funds available to drill step out well.. |
I think they may also drill another well too, considering wells cost around 2m, they raised enough money from US and raised a few months prior in london too. So two stepouts. |
Presentation mentions $1100 but better be conservative |
Thanks they must be using $750mcf for pricing instead of $1100 |
Its companies estimation.htTps://x.com/pulsarhelium/status/1869656844337291577?s=19 |
What you using for that calculation neo ? |
At the moment with current flowrates they can turnover $21m per annum excluding CO2.It will only get bigger. |
The fact they drilling jetstream 2 straigthaway gives me confidence. Im happy with the grades just increase the flowrates. |
What's the expectation on share price, if they get more helium at deep, say 14% concentrations. Can it touch previous high C$1.50 ? |
I think the flow rates will increase thats certain. |
it makes sense to drill the next appraisal well closer as there is only 1 well drilled in the reservoir , so a great deal of work is required to understand the reservoir characteristics and and jet#2 will give valuable data on porosity/permeability, connectivity between wells. If you look at the seismic there is a pointy a section top and bottom that does show over a much larger interval than jet#1 I think this is the location as it’s very similar reservoir potential as the original planned jet#2, so less risk with it being closer to jet#1 but potential similar to appraise full thickness |
htTps://x.com/pulsarhelium/status/1876876711293272508?s=19 |
Looking good. Share price last February reached about 70p equivalent on the original helium and Co2 discovery .Now we have 2 back to back drills that could prove a much larger resource |
I think tomorrow or day after is possible. |
Yes some decent buys today. We should get news by Monday I guess |
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