Pulsar Helium Reports Pressurized Gas Encounter at Jetstream #7 at the Topaz Helium Project, USA

Executive Summary

• Pulsar Helium’s Jetstream #7 appraisal well intersected a pressurized helium‑bearing gas zone at ~2,107 ft (642 m) with an initial bottom‑hole pressure of ~953 psi.
• The result confirms a robust, high‑pressure reservoir and maintains the company’s 100% success rate for pressurized gas encounters across all Jetstream appraisal wells.
• Drilling continues toward a planned total depth of ~3,000 ft (914 m) with potential to deepen to ~5,000 ft (1,524 m), enhancing vertical resource definition.

Key Details

• Well: Jetstream #7, Topaz Project, Minnesota, USA.
• Depth of gas encounter: ≈2,107 ft (642 m).
• Preliminary bottom‑hole pressure: ≈953 psi, indicating a strongly pressurized system.
• Observations: Visible gas influx at surface during drilling; continuous HQ core drilling with 3.8‑in (96 mm) hole diameter.
• Planned total depth: ~3,000 ft (914 m); optional deepening to ~5,000 ft (1,524 m) pending geological results.
• Program performance: All seven Jetstream appraisal wells drilled to date have intersected pressurized gas – 100% success rate.
• Technical significance: Higher pressure at greater depth supports the continuity and lateral extent of the Topaz helium system, validating the company’s geological model.

Notable Quotes

“Intersecting pressurized gas at over 2,100 feet with a bottom‑hole pressure approaching 1,000 psi is an exceptional technical result… Jetstream #7 demonstrates that the system remains strongly pressurized at increasing depths, which is highly encouraging as we advance the appraisal program.” – Thomas Abraham‑James, President & CEO

Materiality Assessment: Material – Positive (the drill result materially enhances the technical and commercial outlook for Pulsar Helium’s flagship helium project).