Pulsar Helium Reports Revised He Concentration of 14.5%

Pulsar Helium reported further promising results from the Jetstream #1 appraisal well at the Topaz project in Minnesota, with flow rates reaching up to 821mcf/d of raw gas and helium grades between 8.7-14.5%. The peak helium concentration is higher than previously reported by Pulsar which tested at 13.8%. Based on these initial results, and assuming a mean helium percentage of ~12%, this could result in a helium production of ~36mmcf/y per well. The well also showed a significant pressure rebound and no formation water, indicating a substantial gas presence. Pulsar is currently evaluating plans for further exploration and drilling in 2024. The company also released its latest investor presentation discussing developments on the Topaz project.

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