Post by
Margin321 on Mar 16, 2024 5:30am
Flow rate is the key
Flow rates are the second important piece. Economics will be outstanding if the well can be produced at a reasonable flow rate. I hope Pulsar's Jetstream 1 well is aptly named. The name was chosen because the initial blow out well in 2011 roared like a jet engine for 5 days before it was plugged. I hope it wasn't hubris to use that name.
It will all play out on a few months. If flow rates are reasonable then Pulsar will be off to the races. They will have several non dilutive options to finance a helium plant and they will probably drill a step out well while getting that done.
It all depends on the flow and pressure tests and resource delineation.
Comment by
Bertie20 on Mar 16, 2024 8:55am
Absolutely agree with all of that. In this regard, the baker hughes update should provide some guidance as to whether this will flow (or not), as it will likely include some data on pay thickness, porosity and permeability. It's not a substitute for an actual flow test of course, but it should derisk things a bit (assuming the numbers are OK).
Comment by
diabase1 on Mar 17, 2024 9:13pm
According to the seismic section in their Presentation, the drill hole just entered the area of interest. The seismic survey reveals a much bigger reservoir and lots of room for expansion.
Comment by
Margin321 on Mar 18, 2024 7:51am
The passive seismic does make the idea of a step out well very interesting. It is passivevseismic but the correlation with the Baker-Hughes witeling log data will be interesting. However it is not quite tge same as 3-D seismic, or even 2-D seismic. Though even that type of data is best when correlated with well bore data within a petroleum (or helium in this case) system.