No reserves have been assigned in connection with the Company’s property interests to date, given their early stage of development. The future value of the Company is therefore dependent on the success or otherwise of its activities, which are principally directed toward the future exploration, appraisal and development of its assets, and potential acquisition of property interests in the future. Un-risked Contingent and Prospective Helium Volumes have been defined at the Topaz Project. However, estimating helium volumes is subject to significant uncertainties associated with technical
data and the interpretation of that data, future commodity prices, and development and operating costs. There can be no guarantee that the Company will successfully convert its helium volume to reserves and produce that estimated volume. Estimates may alter significantly or become more uncertain when new information becomes available due to for example, additional drilling or production tests over the life of field. As estimates change, development and production plans may also vary. Downward revision of helium volume estimates may adversely affect the Company’s operational
or financial performance.
Pulsar Helium, Topaz Helium Project, Minnesota, strategic surface land, contingent and prospective helium volumes, reserves, exploration appraisal development
So… they bought land but it’s still “unproven”? lol
I don’t get why they can just buy land if they don’t even have reserves yet. Seems like a gamble on future helium prices. Like are they just betting the numbers will work out?
They’re basically saying the helium estimate could be wrong because of “technical data” and commodity prices, which is… kinda everything. But still, if they drill a little and it works, suddenly it’s a reserve, right? Minnesota helium sounds like a weird headline though.
Un-ris ked contingent and prospective volumes like that means nothing to me. Sounds like they’re trying to sell the idea first and the actual proof later. Also if they down-revise the volume estimates, wouldn’t that mean the land purchase was pointless? Idk, helium better not just be hype.