Pulsar Helium Appoints Cliff Cain as Manager of Commercial and External Affairs and Announces Completion of Jetstream #4 with Increased Bottom-Hole Pressure

Core Insights - Pulsar Helium Inc. has appointed Cliff Cain as Manager of Commercial & External Affairs, enhancing its leadership team and commercial strategy [3][5][10] - The company has successfully completed drilling at Jetstream 4, reaching a total depth of 3,000 feet (914 meters) and encountering promising helium-bearing intervals [6][15] - The drilling rig is being relocated to Jetstream 5, with a target depth of 5,000 feet (1,524 meters), indicating ongoing commitment to an aggressive multi-well drilling campaign [16][21] Leadership Appointment - Cliff Cain brings over 15 years of experience in the helium and specialty gas industries, having negotiated over $100 million in gas supply agreements [9][12] - His role will focus on strengthening Pulsar's market positioning and transitioning the company from exploration to development and revenue generation [10][11] Drilling Progress - Jetstream 4 drilling encountered a bottom-hole pressure of approximately 887 psi at a depth of 1,897 feet (578 meters), an increase from previously reported levels [15] - The company plans to conduct simultaneous testing on Jetstream 3 and 4 to optimize capital deployment and accelerate data collection [17] Project Overview - The Topaz project is located in northern Minnesota, where Pulsar holds exclusive leases and has successfully drilled multiple appraisal wells [21][24] - Recent flow tests from Jetstream 1 indicated a peak gas flow rate of approximately 1.3 million cubic feet per day with a sustained helium content of 7–8% [21] Corporate Developments - Strand Hanson Limited has been appointed as the sole broker for the company, while ShareTalk Ltd will assist in investor communications for a fee of £3,000 over six months [19][20] - The agreement with ShareTalk can be terminated by either party without notice, ensuring flexibility in investor relations [20]