Geographic Rights Does anyone have any insights or deeper information regarding the extent of the the company's rights here? This is the best I have been able to find: "Pulsar has an exclusive lease with a private mineral rights holder for a 100% working interest over 1,040 net acres that includes the location of the 2011 helium discovery hole. In addition, Pulsar has an exclusive option to lease for an additional 2,092 net acres with the same private mineral rights holder, valid until October 2024. The lease gives Pulsar the rights to non-hydrocarbon gases, defined as any raw gas (including without limitation, helium), primarily for its salable non-hydrocarbon gas content. Additional licence applications have been lodged with the Federal and State governments." So, (1) they hold rights on able 1k acres (which doesn't seem like a lot) on private land), (2) the have an option in another (2k acres) with the same private holder, which I expect we'll see news about them exercising in the next few months unless there are problems in the coming text data, (3) I have no idea what the option pricing is but I assume it is relatively cheap bec it is was secured before all the recent headlines, (4) I suppose it will be a lot more expensive (and potentially difficult generally) to secure additional private rights at this point with all of the recent attention generated locally, (5) the company has applications pending it seems for right to federal and state land, but I don't know how much, how close, what cost or what chance of successfully securing rights is right now, and (6) from the seismic data, it seems no one (including the company) really knows what the bounds of the Topaz deposit really are yet. I hope/expect the company had a confident plan and position in place before going so public with all of their info (which is good for financing, but also bad for the cost of additional rights and can attract other players into the target area who otherwise would not have been paying attention), but I just don't know enough to reply have a good feel for this yet.
I don't recall ever seeing a map or other information regarding what the company has secured, optioned and in process v what would be available for a third party to come in and exploit. Has anyone else seen or heard anything helpful on this issue yet, or otherwise have any helpful insights about this?