Pulsar Helium Announces Completion of Jetstream #5 and Mobilization to Commence Jetstream #6 at the Topaz Helium Project, USA

Executive Summary

• Pulsar Helium completed drilling of Jetstream #5 at the Topaz Project to a total depth of 3,839 ft (1,170 m), encountering multiple pressurized helium‑rich gas zones.
• The deepest gas influx at ~2,857 ft recorded an estimated bottom‑hole pressure of ~1,292 psi – the highest pressure observed to date on the Topaz property.
• Jetstream #6 has commenced drilling (TD 3,000 ft, possible deepening to 5,000 ft) and flow‑testing programs on Jetsream #3 and #4 are slated for late February 2026.

Key Details

• Jetstream #5 Completion
• Total depth: 3,839 ft (1,170 m).
• Pressurized gas zones intersected at:
  • ~837 ft (255 m) – initial gas influx.
  • ~1,481 ft (451 m) – bottom‑hole pressure ≈ 662 psi.
  • ~2,857 ft (871 m) – bottom‑hole pressure ≈ 1,292 psi (record high for Topaz).

• 1,239 ft of drill string remained stuck in the well; plans to return in April 2026 to retrieve or bypass the segment and complete full logging & flow testing.

• Jetstream #6 Initiation

• Drilling started on 27 Jan 2026.
• Designed total depth: 3,000 ft (914 m) with option to deepen to 5,000 ft (1,524 m).

• Location: ~1.3 mi (2.1 km) SW of Jetstream #1, extending the appraisal footprint.

• Flow‑Testing & Pressure Build‑Up Program

• Planned for Jetstream #3 and #4, commencing late Feb 2026.
• Six‑week testing window per well: flow test followed by pressure build‑up.

• Gas sampling to be directed by Peter Barry; interim results will be released as verified.

• Operational Context

• Multi‑well appraisal program aims to map reservoir extent, pressure regime, and gas composition for resource estimation and development planning.
• Topaz Project remains a primary helium discovery with exclusive leases in northern Minnesota, containing He‑4, He‑3, and CO₂ in a non‑hydrocarbon associated system.

Notable Quotes

• “The high‑pressure gas influxes we are encountering at Jetstream #5 underscore the strong potential of Topaz’s helium reservoir,” said Thomas Abraham‑James, President, CEO & Director of Pulsar Helium Inc.

Materiality Assessment: Material – Positive (new high‑pressure data and progression of appraisal program indicate significant upside to the company’s helium resource development).