Pulsar Helium completes drilling Jetstream No. 3 well

Executive Summary

• Pulsar Helium completed appraisal well Jetstream #3 at the Topaz project, reaching a total depth of 3,507 ft (1,069 m) and confirming strong reservoir pressure (~960 psi).
• Drilling commenced on Jetstream #4 on Nov. 9, 2025, targeting a TD of ~3,000 ft (914 m).
• The company will conduct open‑hole wireline logging, optical televiewer imaging, and planned flow‑testing/pressure‑buildup on Jetstream #3 to evaluate deliverability as part of a 10‑well campaign aimed at updating the Topaz resource and completing a PEA in H1 2026.

Key Details

• Jetstream #3 Completion: TD = 3,507 ft (1,069 m) on Nov 7 2025; penetrated entire interpreted helium‑bearing interval.
• Pressure Findings: Bottom‑hole pressure ≈ 960 psi, markedly higher than Jetstream #1 (185 psi, 2024) and Jetstream #2 (205 psi, 2024).
• Jetstream #4 Spudding: Rig mobilized and spudded on Nov 9 2025; target TD ≈ 3,000 ft (914 m).
• Next‑Step Evaluation (Jetstream #3): Open‑hole wireline logs, optical televiewer imaging, followed by controlled flow‑test and pressure‑buildup program.
• Campaign Scope: Up to 10 appraisal wells intended to delineate geometry, extent, and productivity of the helium reservoir at Topaz.
• Strategic Timeline: Resource update and Preliminary Economic Assessment (PEA) planned for the first half of 2026.

Notable Quotes

“It is my pleasure to report the successful completion of drilling the Jetstream No. 3 appraisal well… Initial bottom‑hole pressure readings surpass expectation and reinforce our belief in the huge potential offered by this incredible multicommodity gas discovery.” – Thomas Abraham‑James, President & CEO

“With the drilling of Jetstream No. 4 under way and downhole testing soon to commence at Jetstream No. 3, momentum continues to build at Topaz as we advance our drilling campaign…” – Thomas Abraham‑James, President & CEO