Pulsar's Jetstream No. 7 hits pressurized gas zone

Executive Summary

• Pulsar Helium Inc. reports a pressurized gas encounter at Jetstream No. 7, its seventh appraisal well at the Topaz Helium Project in Minnesota.
• The well intersected a gas zone at approximately 2,107 feet (642 metres) with a preliminary bottom-hole pressure of approximately 953 psi, confirming a strongly pressurized system.
• This result maintains a 100% success rate for pressurized gas intersections across all Jetstream appraisal wells drilled to date, validating the geological model for an active, laterally extensive gas-bearing system.

Key Details

• Well Location: Jetstream No. 7 appraisal well at the Topaz Helium Project, Minnesota, USA.
• Gas Encounter Depth: Approximately 2,107 feet (642 metres).
• Pressure Data: Preliminary bottom-hole pressure of approximately 953 pounds per square inch (psi).
• Observations: Visible gas influx was observed during drilling operations, confirming a strongly pressurized system.
• Success Rate: The Jetstream wells maintain a 100% success rate of intersecting pressurized gas.
• Drilling Method: Continuous HQ core drilling with a 3.8-inch (96.0-millimetre) hole diameter to maximize geological sample recovery.
• Planned Total Depth: Approximately 3,000 feet (914 metres).
• Potential Deepening: The well design allows for potential deepening to approximately 5,000 feet (1,524 metres) depending on geological conditions and results.
• Strategic Context: Exploration has identified potentially saleable concentrations of helium, helium-3, and carbon dioxide. Helium-3 has strategic applications in national security, quantum computing, and advanced energy technologies.
• Technical Review: Brad Cage, Vice-President, Engineering, reviewed the technical information.

Notable Quotes

• "Intersecting pressurized gas at over 2,100 feet with a bottom-hole pressure approaching 1,000 psi is an exceptional technical result and continues to validate our geological model at Topaz. Jetstream No. 7 demonstrates that the system remains strongly pressurized at increasing depths, which is highly encouraging as we advance the appraisal program." — Thomas Abraham-James, President and CEO
• "With a planned total depth of 3,000 feet and the flexibility to deepen to 5,000 feet, we are well positioned to further evaluate the vertical extent and reservoir characteristics of this helium-bearing system." — Thomas Abraham-James, President and CEO