Pulsar Helium Mobilises Rig at its Topaz Project
- Feb 1, 2024
- 3 min read
Pulsar Helium is progressing with its drilling activities, with the Capstar drill rig mobilisation for the Jetstream #1 appraisal well, at its Topaz project in Minnesota. Following the successful installation of the conductor, drilling and testing commenced on February 2nd (as planned) and will conclude within a month. The operation will include wireline logging by Baker Hughes, and subsequent flow testing. Additionally, Pulsar Helium Inc completed its IPO financing arrangements, including payments and warrants issuance to Auctus Advisers. A total of 9.25mm options were granted, at a strike price of C$0.45/sh. Additionally 4mm performance stock units were also awarded to key personnel of the company.