Pulsar's Jetstream No. 6 well hits pressurized gas

Executive Summary

• Pulsar Helium reports a pressurized gas encounter at Jetstream No. 6, its sixth appraisal well at the Topaz Helium Project in Minnesota.
• The well intersected a gas zone at approximately 1,287 feet (392 metres) with a preliminary bottom-hole pressure of 576 psi, maintaining a 100% success rate for pressurized gas intersections across all six Jetstream wells.
• Jetstream No. 6 is a significant stepout well located 1.3 miles southwest of the discovery well, extending the project's footprint while drilling continues toward a target depth of 3,000–5,000 feet.

Key Details

• Well Location: Jetstream No. 6 is located approximately 1.3 miles (2.1 km) southwest of the discovery well (Jetstream No. 1).
• Gas Encounter Depth: Approximately 1,287 feet (392 metres).
• Pressure Data: Preliminary bottom-hole pressure of approximately 576 psi; visible gas influx observed during drilling.
• Success Rate: All six Jetstream appraisal wells drilled to date have intersected pressurized gas (100% success rate).
• Drilling Method: Continuous HQ core drilling (3.8-inch / 96.0 mm hole diameter) with 24-hour rotating crews to maximize geological sample recovery.
• Target Depth: Between 3,000 and 5,000 feet (914 to 1,524 metres).
• Upcoming Testing Schedule:
  • Flow and pressure testing equipment scheduled to arrive February 15, 2026.
  • Testing planned for Jetstream No. 3 and No. 4, expected to begin on or around February 15, 2026.
  • Each test expected to run for approximately six weeks (initial flow followed by pressure buildup).
  • Gas samples to be collected and sent for laboratory analysis.
  • Testing for Jetstream No. 5 and subsequent wells to commence after the current drilling program concludes, anticipated in late March 2026.
• Project Context: Topaz project 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.

Notable Quotes

• "Achieving pressurized gas intersections in every Jetstream appraisal well drilled so far speaks to the strength of the geological model we're developing at Topaz. Jetstream No. 6 is an important stepout well that is 1.3 miles to the southwest from the discovery well, and seeing consistent results at this distance gives us confidence as we transition into the well testing phase. Our focus now is on building a high-quality technical data set that will allow us to better understand the scale and characteristics of this system as we continue advancing the project." — Thomas Abraham-James, President and CEO