Pulsar Helium Completes Jetstream 7 Drilling Near Babbitt, Reports Strong Gas Encounter

Pulsar Helium Inc. has drilled its seventh consecutive successful well at the Topaz Helium Project near Babbitt, completing the Jetstream #7 appraisal well to a total depth of 2,979 feet on March 10 and finishing down-hole logging a week later, on March 17.

Gas was first encountered at approximately 2,107 feet during drilling, registering a preliminary bottom-hole pressure of roughly 953 pounds per square inch. Visible gas influx was observed at that depth, which the company described as confirming "a strongly pressurized system." The result continues a streak that has now held across every well drilled at Topaz: seven wells, seven gas encounters, no dry holes.

"The successful completion of Jetstream #7 marks the end of an intensive and highly productive exploratory drilling campaign at Topaz, one that has delivered a perfect seven-from-seven success rate," the company stated. "Gas has been encountered in every single well drilled, a remarkable outcome that continues to validate the strength of our geological model. With down-hole logging now underway across the field and flow testing set to commence imminently, we are on the cusp of defining the scale and commercial potential of the Topaz resource. At a time when the strategic importance of new primary helium supply from stable jurisdictions has never been clearer, we look forward to updating the market as results from the testing program are received and verified."

Jetstream #7 is a shallower well than earlier Topaz appraisal bores. Jetstream #1 reached 5,100 feet in January 2025, and Jetstream #2 hit 5,638 feet on February 1 of the same year. Jetstream #1 was subsequently flow-tested in August 2025, delivering a peak gas flow rate of approximately 1.3 million cubic feet per day using a wellhead compressor. The immediately preceding well, Jetstream #6, reached 2,597 feet and encountered pressurized gas at four distinct intervals, with bottom-hole pressures ranging from roughly 576 psi at 1,287 feet up to approximately 1,100 psi at 2,377 feet, with gas observed bubbling to the surface through drilling fluids.

The Jetstream #7 result comes shortly after Pulsar completed a 2D active seismic acquisition program at Topaz on February 20. That survey covered five lines totaling approximately 41.5 miles, using Vibroseis energy sources and wireless geophone nodes to produce high-resolution subsurface images intended to support resource assessment and future drilling target selection.

Flow testing across the field is described as imminent. The company's testing program is designed to include open-hole wireline logs, flow testing, and pressure build-up analysis, alongside laboratory analysis of core and gas samples. Those lab assays will include tests for helium-3, a rare isotope previously detected in the Topaz reservoir at notable levels.

Pulsar holds the exclusive leases at Topaz and describes itself as the first mover at the northern Minnesota project. The company trades on three exchanges under the ticker PLSR, with an additional listing on the OTCQB under PSRHF.