Pulsar Helium Inc. Pulsar Commencement of Appraisal Well at Topaz
19 January 2024 - 11:00AM
RNS Non-Regulatory
TIDMPLSR
Pulsar Helium Inc.
19 January 2024
NEWS RELEASE | JANUARY 19, 2024 | VANCOUVER BC
PULSAR HAS DATE FOR COMMENCEMENT OF APPRAISAL WELL AT THE TOPAZ
HELIUM PROJECT
Pulsar Helium Inc. (TSXV:PLSR & FRA:Y3K) ("Pulsar" or the
"Company") is pleased to announce that drilling the Jetstream #1
appraisal well at the Topaz helium project is anticipated to
commence on February 2nd, 2024. Drilling is anticipated to be
completed within one month with flow testing to commence
immediately following demobilisation.
Capstar will provide a 6000 Elenburg Manufacturing
trailer-mounted drilling rig to drill the Jetstream #1 appraisal
well at Topaz. Mobilization is anticipated to be completed by
January 28th with drilling to commence on February 2nd. All
required permits have been received and site preparation
complete.
Jetstream #1 will be drilled to a depth of 686m (2,250ft) with
contingency in place to extend to 762m (2,500ft). A mass
spectrometer will be onsite providing gas composition every 100
seconds with gas samples to be collected when zones of helium gas
response are encountered. Upon reaching total depth, a
comprehensive suite of open hole wireline logs will be acquired by
Baker Hughes. Following the wireline data acquisition, the well
will be completed and the rig will be released and demobilised. A
well testing package will then mobilise and rig up on the Jetstream
#1 well and execute a flow testing and pressure build-up program,
and collect pressurised gas sample data.
In addition, Pulsar is a recipient of the Iron Range Resource
and Rehabilitation Board (IRRRB) grant of USD$20,000 to offset the
cost of the Jetstream #1 appraisal well.
Pulsar's President & CEO, Thomas Abraham-James
commented:
"The drilling of the Jetstream #1 appraisal well at our Topaz
helium project is imminent and all preparation is complete. This is
a pivotal moment for Pulsar."
About Pulsar Helium Inc.
Pulsar Helium Inc. is listed on the TSX Venture Exchange with
the ticker PLSR. It is dedicated to defining and developing primary
helium assets. Its portfolio consists of the 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 identified at each. Topaz is the Company's flagship,
having been drilled and flowing a remarkably high helium
concentration of 10.5%. For further information visit
https://pulsarhelium.com and follow us on X (formerly known as
Twitter) https://twitter.com/pulsarhelium?lang=en and LinkedIn
https://ca.linkedin.com/company/pulsar-helium-inc .
On behalf Pulsar Helium Inc.
"Thomas Abraham-James"
President, CEO and Director
Further Information:
Thomas Abraham-James President,
CEO and Director Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (604) 599-0310
Neither 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 contains forward-looking statements and
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 and may
involve estimates, assumptions and uncertainties which could cause
actual results or outcomes to differ materially from those
expressed in such forward-looking statements. In particular and
without limitation, this news release contains forward-looking
statements pertaining to the anticipated drill date of Jetstream
#1, the cost to drill Jetstream #1 may be higher than expected, the
prospective nature of the Topaz area, achievement of the Company's
business objectives going forward and other statements that are not
historical facts. No assurance can be given that these expectations
will prove to be correct and such forward-looking statements
included in this news release should not be unduly relied upon.
These statements speak only as of the date of this news
release.
Forward-looking statements are based on a number of assumptions
and 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 Pulsar may
be unsuccessful in drilling commercially productive wells; drill
costs may be higher than estimates; delays in the commencement of
drilling, and other factors set forth under "Cautionary Note
Regarding Forward Looking Statements and Market and Industry Data"
and "Risk Factors" in the Final Prospectus. 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. Any forward-looking statements contained in this news
release are expressly qualified in their entirety by this
cautionary statement.
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