Pulsar moves drill rig to Jetstream No. 5 drill pad

Executive Summary

• Pulsar Helium commenced drilling and spudded Jetstream #5 at the Topaz project, targeting a depth of 5,000 ft.
• The release provides detailed performance metrics for Jetsream wells #1‑#4, highlighting helium‑3 discovery (up to 14.5 ppb) and strong reservoir pressures (up to ~960 psi).
• All four earlier wells demonstrated natural flow with significant helium‑4 concentrations (5–8.1 %) and high CO₂ content, confirming a robust, pressurized helium-bearing reservoir.

Key Details

• Jetstream #5: Rig mobilized 27 Nov 2025; well spudded 28 Nov 2025; planned total depth 5,000 ft (1,524 m).
• Jetstream #1: Completed 13 Jan 2025; total depth 5,100 ft; helium‑4 8.1 %; helium‑3 14.5 ppb; CO₂ 72.9 %; natural flow ~200,000 cf/d (7‑day test); wellhead pressure ≈122 psi; no formation water.
• Jetstream #2: Completed 3 Feb 2025; total depth 5,638 ft; helium‑4 5.6 %; CO₂ 79.8 %; natural flow ~21,000 cf/d (1‑day test); wellhead pressure ≈151 psi; no formation water.
• Jetstream #3: Completed 7 Nov 2025; total depth 3,507 ft; bottom‑hole pressure ≈960 psi (high reservoir pressure); gas concentrations pending testing; natural flow to be determined; no formation water.
• Jetstream #4: Completed 26 Nov 2025; total depth 3,000 ft; bottom‑hole pressure ≈887 psi at 1,897 ft; gas concentrations pending testing; natural flow to be determined; no formation water.
• Historical Flow Test (Jetstream #1): Peak flow ~1.3 MMcf/d; sustained average helium‑4 8.1 %; confirms commercial‑scale helium production potential.

Notable Quotes

(No direct quotes were provided in the release.)