Pulsar Helium Commences Drilling of Jetstream #5

Executive Summary

• Pulsar Helium relocated its drill rig to the new Jetstream #5 pad and spudded the well on 28 Nov 2025, targeting a depth of 5,000 ft.
• Detailed results from four previously drilled appraisal wells (Jetstream #1‑#4) were disclosed, including helium‑3 concentrations up to 14.5 ppb, helium‑4 grades as high as 8.1 % and strong reservoir pressures (up to ~960 psi).
• All wells demonstrated natural flow without formation water, confirming a clean, pressurized helium‑bearing system across the Topaz project.

Key Details

• Jetstream #5 – Rig up began 27 Nov 2025; spudded 28 Nov 2025; target TD = 5,000 ft (1,524 m).
• Jetstream #1 – Completed 13 Jan 2025; TD = 5,100 ft (1,555 m); gas: 4He 8.1 %, 3He 14.5 ppb, CO₂ 72.9 %; natural flow ~200,000 cf/d over 7‑day test at 60 psi drawdown; wellhead pressure ≈122 psi; no formation water.
• Jetstream #2 – Completed 3 Feb 2025; TD = 5,638 ft (1,718 m); gas: 4He 5.6 %, CO₂ 79.8 %; natural flow ~21,000 cf/d over 1‑day test at 60 psi drawdown; wellhead pressure ≈151 psi; no formation water.
• Jetstream #3 – Completed 7 Nov 2025; TD = 3,507 ft (1,069 m); bottom‑hole pressure ~960 psi indicating robust reservoir; gas concentrations pending testing; natural flow to be determined; no formation water.
• Jetstream #4 – Completed 26 Nov 2025; TD = 3,000 ft (915 m); bottom‑hole pressure ~887 psi at 1,897 ft depth; sustained gas concentrations pending testing; natural flow to be determined; no formation water.
• Historical Flow Test (Jetstream #1) – August 2025 peak flow ≈1.3 MMcf/d with sustained average helium‑4 of 8.1 %; confirmed presence of measurable helium‑3.

Notable Quotes

“The multi‑well drilling campaign continues to validate the high‑pressure, clean helium system at Topaz and positions Pulsar for a full production decision in 2026.” – Thomas Abraham‑James, President, CEO & Director.