Pulsar Helium Inc. Unveils Promising Appraisal Well Outcomes for Topaz Helium Project

VANCOUVER BC / ACCESSWIRE / March 25, 2024 – Pulsar Helium Inc. (TSXV:PLSR)(OTCQB:PSRHF), often known as Pulsar, recently announced obtaining favorable wireline log analysis from Asia-Pacific Formation Evaluation Services Pty Ltd for its Jetstream #1 appraisal well within the Topaz helium project located in Minnesota. The analysis revealed a gas-saturated interval spanning from 1,650 to 2,200ft (503 - 671 meters), indicating discrete zones with possible productive permeability. Drilling observations and log data suggest potential permeable zones due to fracture and/or vuggy porosity within the igneous rock.

Jetstream #1 achieved a total depth of 2,200 feet (671 meters) by February 27th and is outfitted to potentially transition into a helium production well. Noteworthy findings include helium concentrations up to 13.8%, established by gas laboratories. The logs have enabled an independent petrophysicist at Asia-Pacific Formation Evaluation Services Pty Ltd to deduce substantial porosity features indicative of possible productivity from the well.

An array of additional wireline data is scheduled to be gathered to enhance the understanding of reservoir characteristics and porosity types, facilitating the well testing program. Pulsar aims to refine these interpretations further through additional lab analysis on drill cuttings and prior drill cores. Thomas Abraham-James, the President and CEO, expressed enthusiasm for the preliminary results and anticipated advancements in their testing programs.

The subsequent phases in the testing process, which now include an expanded wireline data collection, are poised to begin following the resolution of Spring road restrictions. This comprehensive program aims to delineate flow rates, pressure attributes, and analyze pressurized gas samples.