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Pulsar Helium announced the successful completion of the deepening operation for the Jetstream #1 appraisal well, that previously showed up to 14.5% helium concentration, at the Topaz Project near Babbitt.
The drilling operation reached total depth of 5,100 feet (1,555 meters) on Jan. 11, successfully penetrating the entire interpreted helium bearing reservoir and beyond.
Initial data supports the company’s interpreted larger helium-bearing reservoir zone with multiple helium zones encountered throughout the deepening operation from 2,200 feet to 5,100 feet.
Mud log gas levels containing up to 7.24% helium were encountered during drilling. These samples are diluted by atmospheric air due to the rotary air drilling method used and samples for laboratory analysis will be acquired.
Down-hole wireline logging data was acquired over Jan. 11 -12, this data will be integrated with additional downhole data that will be acquired over the coming weeks.
Additional data collection, including optical televiewer, pressure, and flow testing will be conducted after the completion of drilling of Jetstream #2.
The drill rig was moving this past week onto the Jetstream #2 pad, with spudding anticipated around Jan. 17.
Thomas Abraham-James, President and CEO of Pulsar Helium, commented on the drilling, “The deepening of the Jetstream #1 well has been a resounding success, exceeding our expectations and reinforcing our confidence in the Topaz Project’s potential. The expanded reservoir height and encouraging helium readings are testament to the quality of our geological model and the expertise of our team.
“As we move forward with Jetstream #2 and additional testing, we are increasingly optimistic about the project’s ability to contribute significantly to the global helium supply chain. This success not only validates our exploration strategy but also positions Pulsar Helium as a key player in addressing the critical demand for helium in various high-tech industries.”
The deepening operation has revealed promising indications of an expanded helium-bearing reservoir. Multiple helium-bearing zones have been identiíed in the interpreted geophysical anomaly over the interval from 1,750 – 5,100 feet, representing a significant potential increase in reservoir height over previous estimates.
