Pulsar Helium completes Jetstream No. 7 well drilling

Executive Summary

• Pulsar Helium Inc. has completed drilling of the Jetstream No. 7 appraisal well at its Topaz helium project in Minnesota, reaching a total depth of 2,979 feet (908 metres) on March 10, 2026.
• The company maintains a 100% success rate across all seven Jetstream appraisal wells, with each intersecting pressurized gas; Jetstream No. 7 encountered gas at approximately 2,107 feet with a preliminary bottom-hole pressure of ~953 psi.
• Downhole logging for Jetstream No. 7 is complete, with operations moving to Jetstream No. 6, while flow and pressure-buildup testing across the Jetstream wells is scheduled to commence in late March or early April 2026.

Key Details

• Jetstream No. 7 Drilling Completion:
  • Total Depth (TD): 2,979 feet (908 metres).
  • Date Completed: March 10, 2026.
  • Gas Encounter: Intersected at approximately 2,107 feet (642 metres).
  • Pressure Data: Preliminary bottom-hole pressure of approximately 953 psi; visible gas influx confirmed a strongly pressurized system.
• Well Status and Mobilization:
  • Jetstream No. 7: Downhole logging completed on March 17, 2026, by Extreme Wireline Inc. using a full suite of tools including Compact Microimager (CMI).
  • Jetstream No. 6: Wireline logging truck mobilized; operations expected to commence shortly.
  • Jetstream No. 5: Drill rig mobilized to retrieve or bypass 1,239 feet of drill string remaining in the well (from previous operations at TD). Upon completion, the rig will demobilize, concluding the exploratory drilling campaign.
• Upcoming Testing:
  • Flow and pressure-buildup testing across Jetstream wells anticipated to start late March or early April 2026.
  • Testing includes an initial flow phase followed by pressure buildup to acquire accurate data.
• Seismic Data:
  • Processing of 2-D active seismic data acquired in February 2026 is complete.
  • Data quality confirmed as good by Earth Signal (Calgary).
  • Interpretation led by Chief Geologist Prof. Nick Schofield to enhance structural understanding and refine reservoir mapping.
• Project Success Rate:
  • Seven appraisal wells drilled at Topaz to date.
  • 100% success rate in intersecting pressurized gas.

Notable Quotes

• Thomas Abraham-James, President and CEO: "The successful completion of Jetstream No. 7 marks the end of an intensive and highly productive exploratory drilling campaign at Topaz, one that has delivered a perfect seven-from-seven success rate... With downhole logging now under way across the field and flow testing set to commence imminently, we are on the cusp of defining the scale and commercial potential of the Topaz resource."