Pulsar Helium Reports Additional High-Pressure Gas Encounter at Jetstream #5 and Outlines Upcoming Testing Program

Executive Summary

• Pulsar Helium’s Jetstream #5 appraisal well intersected a new high‑pressure gas zone at ~2,857 ft (≈871 m) with an estimated bottom‑hole pressure of ~1,292 psi—the highest recorded to date at the Topaz Project.
• The well continues drilling toward a planned total depth of up to 5,000 ft; prior pressurized zones were encountered at ~837 ft and ~1,481 ft.
• A multi‑well flow‑testing and pressure‑build‑up program for Jetstream #3, #4 and #5 is slated to start in early February 2026, with approximately six weeks of testing per well and interim results to be released as data become verified.

Key Details

• New Gas Influx:
• Depth: ~2,857 ft (871 m)
• Bottom‑hole pressure: ≈1,292 psi (highest observed at Topaz)
• Previously Intercepted Zones in Jetstream #5:
• First zone – ~837 ft (255 m), pressure not disclosed.
• Second zone – ~1,481 ft (451 m), calculated bottom‑hole pressure ≈662 psi.
• Drilling Progress:
• Spudded: 28 Nov 2025
• Crew returned to work: 3 Jan 2026 after holiday break.
• Target total depth: ≤5,000 ft (≈1,524 m).
• Next Well – Jetstream #6:
• Location: ~2.2 km southwest of discovery well Jetstream #1.
• Rig will mobilize to this well after completion of Jetstream #5.
• Upcoming Testing Program (Early Feb 2026):
• Scope: Flow testing followed by pressure‑build‑up on wells #3, #4, and #5.
• Duration: ~6 weeks per well.
• Data Release: Interim results will be announced as they are received and verified.
• Project Context:
• Topaz Project is a primary helium discovery in northern Minnesota with exclusive leases; contains He‑4, He‑3, and CO₂.
• Ongoing multi‑well appraisal aims to map reservoir extent, pressure regime, and gas composition for future resource estimation and development planning.

Notable Quotes

• “The additional high‑pressure gas encountered at Jetstream #5 reinforces the strong pressurisation of the Topaz system and underscores the significant helium potential of this project.” – Thomas Abraham‑James, President, CEO & Director, Pulsar Helium Inc.