Pulsar Helium Appoints Cliff Cain as Manager of Commercial and External Affairs and Announces Completion of Jetstream #4 with Increased Bottom-Hole Pressure

Executive Summary

• Cliff Cain appointed Manager of Commercial & External Affairs, bringing extensive helium‑industry experience and $100 M+ of negotiated off‑take agreements.
• Jetstream #4 at the Topaz project reached total depth (3,000 ft / 914 m) on 25 Nov 2025, fully penetrating the interpreted helium‑bearing interval and encountering high bottom‑hole pressure (~887 psi).
• Down‑hole evaluation program launched on Jetstream #3 and #4; drill rig now moving to Jetstream #5 (target depth 5,000 ft) with drilling expected to start by 29 Nov 2025.

Key Details

• Executive Appointment
• Cliff Cain joins full‑time, relocated to Duluth, MN.
• Former founder of Edelgas Group; >15 years in helium, hydrogen, CO₂ markets; negotiated >$100 M of supply/offtake agreements.

• Role: lead commercial strategy, external partnerships, and transition Pulsar toward revenue generation.

• Jetstream #4 Drilling Completion

• Total depth achieved: 3,000 ft (914 m) on 25 Nov 2025.
• Fully penetrated interpreted helium‑bearing interval.

• Encountered pressurized gas; estimated bottom‑hole pressure ≈ 887 psi at 1,897 ft (578 m), up from prior ~674 psi reported on 18 Nov 2025.

• Jetstream #5 Mobilisation

• Drill rig relocating to Jetstream #5 pad, located 1.8 mi (2.9 km) NE of Jetstream #1.
• Target depth: 5,000 ft (1,524 m).

• Drilling commencement anticipated by 29 Nov 2025.

• Down‑hole Evaluation Program

• Simultaneous testing on Jetstream #3 and #4 to reduce mobilization costs.
• Activities include open‑hole wireline logs, flow testing, pressure build‑up analysis, and laboratory analysis of core/gas samples.

• Specific focus on helium‑3 isotope presence, previously detected at notable levels in the Topaz field.

• Additional Corporate Updates

• Strand Hanson Limited appointed sole broker to Pulsar (effective immediately).
• ShareTalk Ltd engaged as investor‑communications consultant; fee £3,000 for a 6‑month term starting 1 Dec 2025, with no notice period required for termination.

Notable Quotes

• Thomas Abraham‑James, President & CEO:
  “Cliff’s decision to join Pulsar full‑time is a strong vote of confidence in our mission… The successful completion of Jetstream #4 reinforces our belief in the helium discovery and keeps momentum moving toward the end of 2025.”

Materiality Assessment: Material – Positive (drilling success and strategic hire both enhance outlook).