Core Insights - Pulsar Helium Inc. has achieved a significant milestone at its Topaz Project in Minnesota with the drilling of the Jetstream 3 well, which has encountered pressurized gas at approximately 960 psi, indicating a highly charged gas reservoir [3][5][7] Drilling Operations - The Jetstream 3 well commenced drilling on October 17, 2025, and is located 0.6 miles (approximately 950 meters) northeast of Jetstream 1 [6][10] - The well has intersected two gas-bearing intervals at depths of approximately 1,717 feet (523 meters) and 2,036 feet (621 meters) [6][7] - The planned total depth for Jetstream 3 is around 3,500 feet (1,067 meters), utilizing a coring method with a hole diameter of 3.8 inches (96 mm) [6][8] Gas Pressure and Reservoir Characteristics - The bottom-hole pressure of Jetstream 3 is estimated at ~960 psi at a depth of 2,167 feet (661 meters), which is significantly higher than the pressures recorded in Jetstream 1 (185 psi) and Jetstream 2 (205 psi) [6][10] - Observations of gas bubbling in the drilling mud during operations indicate an active gas influx from the formation [8][9] Next Steps and Testing - Upon reaching total depth, a comprehensive evaluation will be conducted, including open-hole wireline logs and flow testing to assess well deliverability [9][10] - Core and gas samples will be analyzed in the laboratory to determine gas composition and helium concentrations, including testing for the rare helium-3 isotope previously detected in Jetstream 1 [9][10] Project Overview - The Topaz Project is located in northern Minnesota, where Pulsar is the first mover and holds exclusive leases [10][14] - Previous wells, Jetstream 1 and Jetstream 2, have demonstrated the potential of the helium-rich system, with Jetstream 1 achieving a peak gas flow rate of approximately 1.3 million cubic feet per day with a sustained helium concentration of 7-8% [10][14]