Pulsar Helium Reports Pressurised Gas Encounter at Jetstream #5 and Down-Hole Testing Conducted at Jetstream #3 and #4

Executive Summary

• Pulsar Helium’s Jetstream #5 appraisal well at the Topaz Project intersected pressurized gas zones at ~837 ft and ~1,481 ft depth, confirming a strong bottom‑hole pressure of ≈662 psi.
• This marks the fifth consecutive Jetstream well to encounter gas (100% success rate), reinforcing confidence in a laterally extensive helium‑rich reservoir.
• Down‑hole wireline logging for Jetstream #3 and #4 has been completed; flow testing, gas sampling and pressure‑build‑up tests are slated for January 2026 to further define the resource.

Key Details

• Well: Jetstream #5 (spudded 28 Nov 2025) – located ~1.8 mi NE of discovery well Jetstream #1, extending appraisal footprint.
• Gas Intercepts:
• First zone at 837 ft (255 m) depth.
• Second zone at 1,481 ft (451 m) depth.
• Pressure Indicator: Preliminary bottom‑hole pressure ≈662 psi at 1,481 ft, indicating a strongly pressurized system.
• Drilling Method: Continuous HQ core drilling (63.5 mm diameter) with 24‑hour crew rotations; target total depth 5,000 ft (1,524 m).
• Operational Success: All five Jetstream appraisal wells have encountered pressurized gas – a 100% success rate to date.
• Well‑Testing Progress:
• Jetstream #3 & #4 down‑hole wireline logs (micro‑resistivity imaging, dipole sonic, resistivity, gamma, neutron density) completed 6–7 Dec 2025 by Extreme Wireline, Inc.; data sent for interpretation.
• Upcoming Activities: Planned flow testing, helium‑3 sampling, and pressure‑build‑up tests for wells #3‑#5 in Jan 2026 (subject to equipment scheduling).
• Resource Implications: Results will feed the next iteration of the Topaz resource model, aiding quantification of helium volumes and production potential.

Notable Quotes

“To encounter pressurized gas once again in Jetstream #5 is both validating and exciting for our team… Each successful well brings us one step closer to establishing Topaz as a major primary helium source in North America.” – Thomas Abraham‑James, President & CEO, Pulsar Helium Inc.