Pulsar Helium Reports Completion of Jetstream #7 and Commencement of Down-Hole Logging at the Topaz Helium Project, USA

Executive Summary

• Pulsar Helium completed drilling of Jetstream #7 appraisal well at the Topaz Helium Project, reaching a total depth of 2,979 ft (908 m).
• The well intersected pressurized gas at ~2,107 ft (642 m) with a preliminary bottom‑hole pressure of ~953 psi and visible gas influx, maintaining a 100% success rate across all seven Jetstream appraisal wells.
• Down‑hole logging of Jetstream #7 is finished; flow and pressure build‑up testing for the Jetstream wells is slated to begin in late March/early April 2026.

Key Details

• Drilling Completion: Jetstream #7 reached TD = 2,979 ft (908 m) on 10 Mar 2026; drilling campaign now concluded.
• Gas Encounter: Gas hit at ~2,107 ft (642 m) with preliminary BHP ≈ 953 psi; visible gas influx confirmed a strongly pressurized system.
• Success Rate: All seven Jetstream appraisal wells drilled to date have intersected pressurized gas – 7‑for‑7 success.
• Down‑hole Logging: Completed on 17 Mar 2026 by Extreme Wireline, including a full suite of logs (CMI). Logging truck now moving to Jetstream #6.
• Jetstream #5 Operations: Drill rig mobilized to retrieve or bypass ~1,239 ft of drill string remaining in the well; after completion, rig will demobilize and the well will be prepared for logging and flow testing.
• Flow & Pressure Build‑up Testing: Planned for late March–early April 2026 across all Jetstream wells; will provide quantitative data on gas rates and reservoir pressure behavior.
• Seismic Data Processing: 2D active seismic acquired in Feb 2026 processed by Earth Signal (Calgary); dataset deemed high quality and now under interpretation by Chief Geologist Prof. Nick Schofield to refine structural models and guide future appraisal targeting.

Notable Quotes

“The successful completion of Jetstream #7 marks the end of an intensive and highly productive exploratory drilling campaign at Topaz… we are on the cusp of defining the scale and commercial potential of the Topaz resource.” – Thomas Abraham‑James, President & CEO, Pulsar Helium Inc.