Northwire Canada EditionFriday, October 23, 2026
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GOLD 4060.40 −2.2% SILVER 55.01 −4.7% COPPER 6.40 −2.8% OIL 99.47 +2.4% PALLADIUM 1052.50 −3.4% ATY 0.215 −8.5% CNL 14.70 −8.9% ABI 0.060 +0.0% AUGC 0.245 −12.5% ITR 3.18 −5.4% LKY 0.005 +0.0% IGO 0.125 +0.0% CCMM 0.390 −9.3% FVI 13.33 −8.1% KTN 0.840 −10.6% FTUR 0.240 −14.3% YARR 0.150 +0.0% EMNT 0.290 −14.7% MOO 0.680 +13.3% BMM 4.27 −0.7% GOLD 4060.40 −2.2% SILVER 55.01 −4.7% COPPER 6.40 −2.8% OIL 99.47 +2.4% PALLADIUM 1052.50 −3.4% ATY 0.215 −8.5% CNL 14.70 −8.9% ABI 0.060 +0.0% AUGC 0.245 −12.5% ITR 3.18 −5.4% LKY 0.005 +0.0% IGO 0.125 +0.0% CCMM 0.390 −9.3% FVI 13.33 −8.1% KTN 0.840 −10.6% FTUR 0.240 −14.3% YARR 0.150 +0.0% EMNT 0.290 −14.7% MOO 0.680 +13.3% BMM 4.27 −0.7%
Drill Results

Pulsar Helium Advances Appraisal Programme with Completion of Jetstream #3 And Commencement of Testing; Rig Mobilised to Jetstream #4, Topaz Project, Minnesota, USA

By The Northwire Desk — AI Analysis Nov 11, 2025 · 02:00 PLSR · 0.72 Pulsar Helium Inc.
PLSR · Price

Executive Summary

  • Pulsar Helium successfully completed drilling the Jetstream #3 appraisal well at its Topaz Project in Minnesota, reaching a total depth of 3,507 ft (1,069 m).
  • The well encountered strong natural pressure (~960 psi bottom‑hole), markedly higher than earlier wells (Jetstream #1: 185 psi; Jetstream #2: 205 psi), indicating a robust helium‑bearing reservoir.
  • Drilling of the next appraisal well, Jetstream #4, commenced on November 9, 2025, and the company plans open‑hole wireline logging, optical televiewer imaging, and subsequent flow‑testing of Jetstream #3 to assess deliverability ahead of a resource update and Preliminary Economic Assessment (PEA) slated for H1 2026.

Key Details

  • Well Completion: Jetstream #3 reached TD = 3,507 ft (1,069 m) on 7 Nov 2025; fully penetrated the interpreted helium‑bearing interval.
  • Pressure Data: Calculated bottom‑hole pressure ≈ 960 psi; compares to 185 psi (Jetstream #1, 2024) and 205 psi (Jetstream #2, 2024).
  • Next Well: Jetstream #4 spudded on 9 Nov 2025; target TD ≈ 3,000 ft (914 m).
  • Planned Evaluation for Jetstream #3:
  • Open‑hole wireline logs to gather geological & petrophysical data.
  • Optical televiewer to image borehole wall geology.
  • Proposed controlled flow‑test and pressure build‑up program to measure well deliverability.
  • Drilling Campaign Scope: Up to 10 appraisal wells intended to delineate geometry, extent, and productivity of the Topaz helium reservoir.
  • Future Milestones:
  • Update Topaz resource estimate.
  • Conduct Preliminary Economic Assessment (PEA) in H1 2026.
  • Strategic Goal: Position Topaz as a new primary helium supply source for the North American market.

Notable Quotes

“It is my pleasure to report the successful completion of drilling the Jetstream #3 appraisal well… Initial bottom‑hole pressure readings surpass expectation and reinforce our belief in the huge potential offered by this incredible multi‑commodity gas discovery.” – Thomas Abraham‑James, President & CEO, Pulsar Helium

“With the drilling of Jetstream #4 underway and down‑hole testing soon to commence at Jetstream #3, momentum continues to build at Topaz as we advance our drilling campaign…” – Thomas Abraham‑James

Read the original news release →

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