Pulsar Helium Inc. (锟絇ulsar锟� or the 锟紺ompany锟�), a primary helium company, is pleased to announce that the Jetstream #6 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 1,287 feet (392 meters) with a preliminary bottom-hole pressure of approximately 576 pounds per square inch (psi) encountered and visible gas influx observed during drilling operations. The Jetstream wells continue to maintain a 100% success rate of intersecting pressurized gas.
Highlights:
Jetstream #6 location: Jetstream #6 is located ~1.3 miles (2.1 kilometers) southwest of the discovery well (Jetstream #1) at Topaz, a significant step-out that further extends the project锟絪 footprint.
Shallow pressurized gas: Gas was encountered at approximately 1,287 feet (392 meters) depth, with a preliminary bottom-hole pressure of approximately 576 psi, indicating a strongly pressurized system. Gas was visibly seen bubbling through the drilling fluids at surface, confirming active gas flow under pressure.
Drilling progress: Around-the-clock drilling (24-hour operations with rotating crews) is ongoing as Jetstream #6 advances toward its target depth of between 3,000 and 5,000 feet (914 to 1,524 meters). The well is being drilled using continuous HQ core drilling (3.8 inch (96.0 millimeter) hole diameter) to maximize geological sample recovery while maintaining efficient progress.
Consistent success: All six Jetstream appraisal wells drilled to date have encountered pressurized gas (a 100% success rate). This consistent success across the program underscores the emerging continuity of the gas-bearing system and the potential of the Topaz Project.
Well-Testing: Flow and pressure testing equipment is scheduled to arrive on February 15th, and will be used to test Jetstream appraisal wells #3 and #4. Samples will also be then sent for gas analysis at a laboratory. Appraisal wells #5 and above will be tested when the drill program concludes, which is likely to occur late March, 2026.
Thomas Abraham-James, Pulsar Helium President & CEO, commented:
锟紸chieving pressurized gas intersections in every Jetstream appraisal well drilled so far speaks to the strength of the geological model we锟絩e developing at Topaz. Jetstream #6 is an important step-out well that is 1.3 miles to the southwest from the discovery well, and seeing consistent results at this distance gives us confidence as we transition into the well testing phase. Our focus now is on building a high-quality technical dataset that will allow us to better understand the scale and characteristics of this system as we continue advancing the project.锟�
Summary of Jetstream #6
Jetstream #6 is the sixth appraisal well drilled at the Topaz Helium Project and represents a significant step-out from the original discovery well, further extending the project锟絪 footprint to the southwest. During drilling, Jetstream #6 intersected a pressurized gas zone at approximately 1,287 feet (392 metres), with a preliminary bottom-hole pressure of approximately 576 psi and visible gas influx observed at surface. Drilling is ongoing using continuous HQ core drilling to maximise geological sample recovery as the well advances toward its target depth of between 3,000 and 5,000 feet (914 to 1,524 metres).
Flow Testing, Pressure Build-Up Program, and gas analysis
Pulsar is preparing to commence a coordinated testing program on Jetstream #3 and #4, expected to begin on or around February 15, 2026. The program is planned to include an initial flow testing phase followed by a pressure build-up period, with each test expected to run for approximately six weeks. Gas samples will be collected during the flow period and submitted for laboratory analysis. Testing on Jetstream #5 and subsequent wells is expected to commence following completion of the current drilling program, anticipated in late March 2026.
About the Topaz Project
The Topaz Helium Project is a large-scale 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 six appraisal wells have been drilled at Topaz (the sixth 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.