Helium exploration and development company Pulsar Helium has signed a new drill contract with Capstar Drilling to advance its Topaz helium project in Minnesota.
Announced today (1st Oct), the contract will see the deepening of the Jetstream #1 well by a further 500 meters to reach the full reservoir, with the option to drill two additional step-out wells.
Pulsar Helium has obtained all relevant permits for deepening Jetstream #1. Drilling is scheduled to begin this quarter.
Thomas Abraham-James, President and CEO of Pulsar, described the contract signing as a step forward in commercialising the Topaz helium project in Minnesota.
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