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Pulsar Helium, Inc. ( (TSE:PLSR) ) just unveiled an announcement.
Pulsar Helium has reported a pressurized gas encounter in its Jetstream #7 appraisal well at the Topaz Helium Project in Minnesota, intersecting gas at about 2,107 feet with a preliminary bottom-hole pressure of roughly 953 psi. The result marks the seventh consecutive Jetstream well to hit pressurized gas, reinforcing the geological model and suggesting an active, laterally extensive helium-bearing system.
Drilling of Jetstream #7 is continuing toward a planned total depth of 3,000 feet, with the option to deepen to around 5,000 feet to assess the vertical extent and reservoir characteristics. Data from the well, including pressure readings, core samples and gas observations, will feed into resource evaluation and development planning at Topaz, which the company positions as a core asset underpinning its strategy in high-value helium, helium-3 and associated industrial gas markets.
More about Pulsar Helium, Inc.
Pulsar Helium Inc. is a publicly traded primary helium exploration and development company listed on AIM in London, the TSX Venture Exchange in Canada and the OTCQB in the U.S. Its portfolio includes the flagship Topaz helium project in Minnesota, the Falcon project in Michigan and the Tunu project in Greenland, targeting primary helium resources not tied to hydrocarbon production and high-value industrial and specialty gas markets.
For a thorough assessment of PLSR stock, go to TipRanks’ Stock Analysis page.