Pulsar Helium Inc. (锟絇ulsar锟� or the 锟紺ompany锟�), a primary helium company, is pleased to announce that the Jetstream #7 appraisal well at the Company锟絪 flagship Topaz Project in Minnesota, USA has intersected a pressurized gas zone. The gas zone was encountered at a depth of approximately 2,107 feet (642 meters) with a preliminary bottom-hole pressure of approximately 953 pounds per square inch (psi). Visible gas influx was observed during drilling operations, confirming a strongly pressurized system. The Jetstream wells continue to maintain a 100% success rate of intersecting pressurized gas.
Highlights:
锟� Jetstream #7 gas encounter: Gas was encountered at approximately 2,107 feet (642 meters) with a preliminary bottom-hole pressure of approximately 953 psi, indicating a robustly pressurized reservoir system at greater depth relative to previous wells.
锟� Higher pressure at depth: The significantly higher bottom-hole pressure encountered at Jetstream #7 further supports the presence of an active and laterally extensive gas-bearing system within the Topaz structure.
锟� Drilling progress: Drilling is ongoing using continuous HQ core drilling (3.8 inch (96.0 millimeter) hole diameter) to maximize geological sample recovery while maintaining efficient progress. The planned total depth for Jetstream #7 is approximately 3,000 feet (914 meters), with the well design allowing for potential deepening in the future to approximately 5,000 feet (1,524 meters) depending on geological conditions and results.
锟� Program momentum: All Jetstream appraisal wells drilled to date have encountered pressurized gas, underscoring the emerging continuity and strength of the Topaz helium system.
Thomas Abraham-James, President & CEO of Pulsar, commented:
锟絀ntersecting pressurized gas at over 2,100 feet with a bottom-hole pressure approaching 1,000 psi is an exceptional technical result and continues to validate our geological model at Topaz. Jetstream #7 demonstrates that the system remains strongly pressurized at increasing depths, which is highly encouraging as we advance the appraisal program.
With a planned total depth of 3,000 feet and the flexibility to deepen to 5,000 feet, we are well positioned to further evaluate the vertical extent and reservoir characteristics of this helium-bearing system.锟�
Summary of Jetstream #7
Jetstream #7 is the seventh appraisal well drilled at the Topaz Helium Project in Minnesota, USA. During drilling operations, the well intersected a pressurized gas zone at approximately 2,107 feet (642 meters), with a preliminary bottom-hole pressure of approximately 953 psi and visible gas influx observed at surface.
Drilling operations are continuing toward a planned total depth of 3,000 feet (914 meters). The well may be deepened in the future to approximately 5,000 feet (1,524 meters), subject to geological conditions and ongoing technical evaluation.
Data collected from Jetstream #7, including pressure information, core samples and gas observations, will contribute to the Company锟絪 expanding technical dataset and inform future resource evaluation and development planning at Topaz.
About the Topaz Project
The Topaz Helium Project is a helium exploration opportunity located in Minnesota, USA, a stable jurisdiction with established infrastructure and access to experienced technical services. Exploration and appraisal work to date has identified potentially saleable concentrations of helium, helium-3 and carbon dioxide. Helium-3 is a rare isotope of helium with strategic applications in national security, quantum computing and advanced energy technologies, providing additional potential upside. A total of seven appraisal wells have been drilled at Topaz (the seventh still in progress), all of which intersected pressurized gas, representing a 100% success rate to date and supporting the geological model for the project. Ongoing technical work continues to generate encouraging data and is focused on expanding the Company锟絪 understanding of the resource through further appraisal, testing and analysis. With a significant acreage position and multiple identified targets, Topaz represents a core asset within the Company锟絪 portfolio and underpins its strategy to build exposure to high-value industrial and specialty gas markets.