Pulsar Helium Reports Completion of Jetstream #7 and Commencement of Down-Hole Logging at the Topaz Helium Project, USA

Core Viewpoint - Pulsar Helium Inc. has successfully completed drilling at the Jetstream 7 appraisal well, confirming a 100% success rate in encountering pressurized gas across all seven appraisal wells drilled at the Topaz Helium Project in Minnesota, USA, which is expected to enhance the company's commercial potential in helium supply [3][4][11]. Drilling and Testing Updates - The Jetstream 7 well reached a total depth of 2,979 feet (908 meters) on March 10, 2026, and encountered gas at approximately 2,107 feet (642 meters) with a preliminary bottom-hole pressure of about 953 psi [4][6]. - Down-hole logging of Jetstream 7 was completed on March 17, 2026, using a full suite of logging tools to gather detailed geological data [7]. - Flow and pressure build-up testing across the Jetstream wells is anticipated to commence in late March or early April 2026, following standard well preparation [9]. Geological Insights - The processing of 2D active seismic data acquired in February 2026 has been completed, confirming good quality data that will be interpreted to enhance the understanding of the Topaz helium system [10]. - The Topaz Helium Project has identified potentially saleable concentrations of helium, helium-3, and carbon dioxide, with helium-3 being noted for its strategic applications [11]. Company Strategy and Market Position - The company aims to become a leading supplier of primary helium to high-value industrial and specialty gas markets, leveraging the successful drilling campaign and the strategic importance of helium supply from stable jurisdictions [12].