Pulsar Helium Strikes Pressurized Gas Zone at Minnesota Topaz Project Well

Pulsar Helium Inc. struck a pressurized gas zone at 2,107 feet while drilling its seventh appraisal well at the Topaz Helium Project in northern Minnesota, recording a preliminary bottom-hole pressure of approximately 953 pounds per square inch — the highest reading the company has reported across the entire Jetstream well program.

The company announced the results on March 4 from its offices in Cascais, Portugal. Visible gas influx rose to the surface during drilling operations, which the company described as "confirming a strongly pressurized system." Pulsar trades on three exchanges under the tickers AIM: PLSR, TSXV: PLSR, and OTCQB: PSRHF.

Drilling on Jetstream #7 is continuing toward a planned total depth of 3,000 feet (914 meters), using continuous HQ core drilling with a 3.8-inch hole diameter designed to maximize geological sample recovery. The well design also allows for potential deepening to approximately 5,000 feet (1,524 meters), subject to geological conditions and ongoing technical evaluation.

The 953 psi reading at Jetstream #7 is considerably stronger than what the program recorded at Jetstream #6 just weeks earlier. That well, reported on February 9, encountered gas at a shallower depth of approximately 1,287 feet with a preliminary bottom-hole pressure of 576 psi. Jetstream #6 was itself notable as a significant step-out from the original discovery well, extending the project's footprint to the southwest. The jump in pressure between the two wells, measured at greater depths, supports what Pulsar describes as "an active and laterally extensive gas-bearing system within the Topaz structure."

All seven appraisal wells drilled at Topaz to date have intersected pressurized gas, a record the company calls a 100% success rate. Exploration and appraisal work has identified potentially saleable concentrations of helium, helium-3, and carbon dioxide. Helium-3, a rare isotope with applications in national security, quantum computing, and advanced energy technologies, represents an additional dimension of commercial interest at the project, though Pulsar has not yet released concentration percentages or flow rate data for any of the Jetstream wells.

The March 4 release was picked up by regional news feeds and republished by Lake County Press on March 11.