Pulsar Helium Inc., is four-forfour. The international helium developer has struck helium in a fourth appraisal well drilled at its exploration site in northeastern Minnesota.
It’s yet another sign of an emerging large helium reserve at the site near Babbitt.
Thewell—Jetstream#4—showed a high pressured gas reading at a depth of 1,457 feet deep, according to Pulsar Helium.
“Encountering another zone of pressurised gas at Jetstream #4 is a highly encouraging continuation of what we are seeing across the field,” Thomas Abraham-James, Pulsar Helium president and chief executive officer said. “ A 674 psi pressure reading at this relatively shallow depth reinforces the strength of the reservoir and further validates the geological model built from the earlier Jetstream wells. With Jetstream #4 advancing toward total depth, we are excited to see what else it may show. Our team is focused on collecting the highest-quality data possible as we prepare for wireline logging, flow testing, and full laboratory analysis, including assays for helium-3.”
Pulsar Helium plans to drill the well to about 3,000 feet deep.
The fourth appraisal well follows the drilling of three other wells by Pulsar Helium at the site—Jetstream #1, Jetstream #2 and Jetstream #3.
The Babbitt area project is called Topaz.
Pulsar Helium began drilling Jetstream #4 on Nov. 9, according to the company.
Drilling personnel observed gas bubbling in the drilling mud returns at the surface during pipe connections, Pulsar Helium said.
That indicates an active gas influx from the formation during drilling, the company said.
The well is about 250 meters north of Jetstream #1 and 600 meters south of Jetstream #3, the company said.
The Jetstream #4 finding underscores a highly- charged gas reservoir, according to Pulsar Helium.
All of the wells have encountered gas, a 100 percent success rate, Pulsar Helium said.
With drilling on the 3.8 inch diameter Jetstream #4 hole continuing, the final bottom hole and well-head pressures are subject to change, the company said.
Comprehensive evaluations will be performed on both the Jetstream #3 and Jetstream #4 wells, the company said.
Pulsar Helium in 2024 struck helium at the site with its Jetstream #1 appraisal well.
The well was drilled about 50 feet away from a Duluth Metals hole that in 2011 hit helium while exploring for copper, nickel, cobalt, and platinum group metals.
With the Duluth Metals’ discovery, Pulsar Helium chose the site for exploration.
Pulsar Helium hopes to develop a commercial helium operation from the site.
All of the wells are drilled on private land.
Pulsar Helium holds mineral rights on 4,181 acres of private land at the site.
Pulsar Helium has said it plans to drill up to ten appraisal wells at the site.
Pulsar Helium has offices in Portugal and British Columbia.
