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Pulsar Helium Reschedules Topaz Project Drilling to Feb'24

In an interview with Proactive Investors, Pulsar Helium's CEO Thomas Abraham-James updated investors that the drill rig for the appraisal well at the Topaz Project has been delayed due to a pre-agreed extension option exercised by its current client. The rig is now expected to arrive on site mid-Feb'24. The drilling program will include the drilling of one well, with the option to drill a second well at the company's discretion. The appraisal well, named Jetstream #1, will be drilled to a vertical depth of 2,200ft. The collar location for Jetstream #1 is expected to be situated within 65ft of the original discovery well, LOD-6, which yielded an impressive 10.5% helium flow rate. Additionally, Pulsar Helium received an addendum to its License at the Tunu Project in Greenland. This addendum expands the scope of the project to include a prospective area for both helium and geothermal power generation. The enlarged Tunu Project area now covers a total of 2,816km2.

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