Core Viewpoint - Pulsar Helium Inc. has successfully commenced drilling the Jetstream 4 well, encountering pressurized gas, which indicates a strong gas reservoir and reinforces the geological model established from previous wells [3][5][8]. Drilling Operations - The Jetstream 4 well began drilling on November 9, 2025, and has reached a depth of 1,457 feet (444 meters) with a calculated bottom-hole pressure of approximately 674 psi [3][8]. - The well is located 0.4 miles (~600 meters) south of Jetstream 3 and 0.1 miles (~250 meters) north of Jetstream 1 at the Topaz helium project in Minnesota [7]. - Jetstream 4 has a planned total depth of approximately 3,000 feet (914 meters) and is being drilled using a coring method with a hole diameter of 3.8 inches (96 mm) [7][9]. Gas Encounter and Pressure Readings - Gas-bearing intervals were encountered at depths of approximately 1,187-1,277 feet (362-389 meters) and 1,327-1,437 feet (404-438 meters) [7][8]. - The bottom-hole pressure of 674 psi at 1,457 feet (444 meters) is a strong indicator of a pressurized reservoir, complementing the 960 psi recorded in Jetstream 3 [7][10]. Future Steps and Testing - Upon reaching total depth, both Jetstream 3 and Jetstream 4 will undergo comprehensive evaluations, including open-hole wireline logs and flow testing [10]. - Laboratory analysis will determine gas composition and helium concentrations, including testing for helium-3, which was previously detected in Jetstream 1 [10][11]. Project Overview - The Topaz project is located in northern Minnesota, where Pulsar holds exclusive leases and is the first mover in the area [11][15]. - Previous wells, including Jetstream 1 and Jetstream 2, have successfully penetrated helium-bearing reservoirs, with Jetstream 1 achieving a peak gas flow rate of approximately 1.3 million cubic feet per day with a sustained flow of 7-8% helium [11].

Core Insights - Pulsar Helium Inc. announced significant gas analysis results from its Topaz helium project in Minnesota, confirming sustained helium concentrations of up to 8% in both Jetstream 1 and Jetstream 2 appraisal wells, highlighting the project's potential as a leading primary helium discovery [1][3][4] Latest Gas Analysis and Well Performance - Jetstream 1 achieved a peak flow rate of over 1.3 million cubic feet per day (MMcf/d) under well-head compression, with stable long-duration flows producing between 150-300 thousand cubic feet per day (Mcf/d) for 12-18 hours [4][11] - Jetstream 1's gas analysis confirmed a sustained helium concentration of approximately 7-8%, significantly exceeding typical commercial thresholds of around 0.3% [5][7] - Jetstream 2 also showed high helium concentrations of up to 8% and an initial shut-in pressure of approximately 151 psi, indicating a strong reservoir, although sustained flow was limited due to wellbore blockages [5][8][9] Project Development and Future Plans - The company is planning a targeted cleanout program for Jetstream 2 to address flow restrictions and is optimistic about future flow tests post-remediation [3][9] - A multi-well drilling campaign is set to commence in early October to enhance understanding of the helium reservoir and advance Pulsar's strategy to become a leading helium producer [11][15]

Core Insights - Pulsar Helium Inc. has reported significant improvements in natural flow rates at the Jetstream 1 appraisal well, with current rates exceeding three times those recorded in 2024, indicating enhanced well performance and reservoir productivity [1][3][4] Test Results and Analysis - The Jetstream 1 well achieved a peak natural flow rate of approximately 501 thousand cubic feet per day (Mcf/d) during testing on August 15, 2025, compared to a peak of around 150 Mcf/d in April 2024, showcasing a more than threefold increase under similar pressure conditions [4][6] - The well demonstrated stable long-duration flows, producing between 150 and 300 Mcf/d for 12 to 18 hours, with rapid pressure recovery, indicating strong reservoir recharge capacity [5][6] - No formation water was encountered during the tests, and the gas flowed as dry gas, further validating the well's productivity [6] Significance and Next Steps - The results from Jetstream 1 confirm the Topaz project as a major helium discovery, positioning it among the top global primary helium projects [6][9] - Additional flow testing, including compression-assisted tests, is planned to further assess the well's maximum capacity and provide data for future production facility design [7][8] - The Jetstream 2 appraisal well has also been drilled, reaching a total depth of 5,638 feet, and will undergo similar testing [9] About the Topaz Project - The Topaz project is located in northern Minnesota, where Pulsar Helium Inc. is the first mover, holding exclusive leases [9][13] - The project has identified helium concentrations significantly above the economic threshold, with previous tests showing concentrations up to 14.5% [9]