Pulsar Helium Announces Spring Road Restrictions End at Topaz Project
May 06 2024 - 6:00AM
Pulsar Helium Inc. (TSXV:PLSR & OTCQB:PSRHF)
(“
Pulsar” or the “
Company”) is
pleased to announce that the Minnesota Department of Transport has
announced that Spring road restrictions in the north frost zone
have ended (12:01 AM Monday, May 6). The Company will immediately
recommence field operations at the Jetstream #1 appraisal well* at
its flagship Topaz helium project.
Activities will initially consist of road
improvements and civil works, followed by down-hole logging, well
completion, and flow testing with a pressure build up program. All
necessary contracts are in place, with vendors and equipment
secured to complete the upcoming works.
Thomas Abraham-James, President and CEO said:
“My colleagues and I are excited to obtain the outstanding data
from Jetstream #1, and everything is in place to do so. I look
forward to keeping the market updated with results as they
arrive.”
The Jetstream #1 appraisal well reached total
depth of 2,200 feet (671 meters) on February 27th, with helium
concentrations of up to 13.8% helium as measured by specialist gas
equipment. Field activities have been on hold while Spring road
restrictions, limiting heavy traffic, have been in force. Jetstream
#1 has been designed and will be completed to be capable of
transitioning to a future helium production well.
* In the State of Minnesota, the regulatory term
is ‘exploratory boring’.
About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company
listed on the TSX Venture Exchange with the ticker PLSR and on the
OTCQB with the ticker PSRHF. Pulsar’s portfolio consists of the
Topaz helium project in Minnesota, USA and the Tunu helium project
in Greenland. Pulsar is the first mover in both locations with
primary helium occurrences not associated with the production of
hydrocarbons identified at each. For further information visit
https://pulsarhelium.com, follow us on X
https://twitter.com/pulsarhelium?lang=en and LinkedIn
https://ca.linkedin.com/company/pulsar-helium-inc.
On behalf Pulsar Helium Inc. “Thomas
Abraham-James”President, CEO and Director
Further Information: Thomas Abraham-James
President, CEO and Director Pulsar Helium Inc.
connect@pulsarhelium.com + 1 (604) 599-0310
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking Statements
This news release contains forward–looking
statements and forward–looking information within the meaning of
Canadian securities legislation (collectively, "forward–looking
statements") that relate to the Company's current expectations and
views of future events. Any statements that express, or involve
discussions as to, expectations, beliefs, plans, objectives,
assumptions or future events or performance (often, but not always,
through the use of words or phrases such as "will likely result",
"are expected to", "expects", "will continue", "is anticipated",
"anticipates", "believes", "estimated", "intends", "plans",
"forecast", "projection", "strategy", "objective" and "outlook")
are not historical facts and may be forward–looking statements and
may involve estimates, assumptions and uncertainties which could
cause actual results or outcomes to differ materially from those
expressed in such forward–looking statements. In particular and
without limitation, this news release contains forward-looking
statements pertaining to the anticipated results of Jetstream #1
with regard to estimating the size of the reservoir intercepted;
the results of the flow testing and pressure build-up program and
collect pressurised gas samples to determine the concentration of
the helium and other gases via an independent laboratory. No
assurance can be given that these expectations will prove to be
correct and such forward–looking statements included in this news
release should not be unduly relied upon. These statements speak
only as of the date of this news release.
Forward–looking statements are based on a number
of assumptions and are subject to a number of risks and
uncertainties, many of which are beyond the Company's control,
which could cause actual results and events to differ materially
from those that are disclosed in or implied by such forward–
looking statements. Such risks and uncertainties include, but are
not limited to Pulsar may be unsuccessful in drilling commercially
productive wells; drill costs may be higher than estimates; delays
in the commencement of drilling, and other factors set forth under
"Cautionary Note Regarding Forward Looking Statements and Market
and Industry Data" and "Risk Factors" in the Final Prospectus. The
Company undertakes no obligation to update or revise any forward–
looking statements, whether as a result of new information, future
events or otherwise, except as may be required by law. New factors
emerge from time to time, and it is not possible for the Company to
predict all of them, or assess the impact of each such factor or
the extent to which any factor, or combination of factors, may
cause results to differ materially from those contained in any
forward–looking statement. Any forward–looking statements contained
in this news release are expressly qualified in their entirety by
this cautionary statement.
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