Thoughts on Pulsar The Jetstream1 well will be deepened. Two off set wells are being planned. This initial well has the highest concentration of helium ever flowed from a well bore on earth and while it is likely commercial (to be confirmed by resource evaluation underway) the scope of the project will be greatly increased by these activities. that start in September. Currently they are doing a longer seismic line to help finalize the location of the two offset wells.
They had expected the Sproule report in July and that would have been nice. They are still providing new data to Sproule. They will need more capital for the 2024 work program and a strong Sproule resource report would be helpful. This is all going very fast; it is not easy to go from a resource discovery in a new helium province to production. The timeline they are on is lightning speed. They have not done feasibility study (and won't until the 2024 work program is complete and the initial and an updated resource evaluation have been completed - so the production timelines are not fully defined.