Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) has reported another significant milestone at its Jetstream project, announcing a pressurised gas encounter at the Jetstream #4 well that reinforces the company’s perfect track record of hitting gas across every well drilled so far.
Jetstream #4 recorded a calculated bottom-hole pressure of around 674 psi at 1,457 feet, with drilling now progressing toward the planned total depth of 3,000 feet. The well has already cut through two promising gas-bearing intervals — from 1,187 to 1,277 feet and 1,327 to 1,437 feet.
Once drilling wraps up, Pulsar will put both Jetstream #3 and #4 through a full suite of evaluations, including wireline logging and flow testing. Laboratory work will follow to determine the gas composition and helium grades — crucially including the presence of helium-3, the ultra-rare isotope with strategic and scientific significance.
Highlights:
• Location: Jetstream #4 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.
• Pressurized gas zones: Jetstream #4 intersected gas-bearing intervals at approximately 1,187-1,277 feet (362-389 meters) and between 1,327-1,437 feet (404-438 meters) depth, with bottom-hole pressure estimated at ~674 psi at 1,457 feet (444 meters), which is the depth at the time of writing this news release (and is subject to change when the hole is deepened and final bottom hole and well-head pressures are obtained when total depth is achieved). This is another strong pressure reading, complementing the 960 psi bottom-hole pressure calculated in Jetstream #3.
• Advancing drilling operations: Jetstream #4 has a planned total depth of ~3,000 feet (914 meters) and is being drilled using the coring method with a hole diameter of 3.8 inches (96 mm).
• Visible gas: Drilling personnel observed gas bubbling in the drilling mud returns at surface during pipe connections. This indicates an active gas influx from the formation while drilling is underway.
• Next steps, testing and analysis: Drilling Jetstream #4 is ongoing and upon reaching total depth (TD), both Jetstream #3 and Jetstream #4 will undergo comprehensive evaluation. A suite of open-hole wireline logs will be run to collect detailed geological and petrophysical data, an optical televiewer will be used to image the well-bore wall geology, followed by a proposed controlled flow-testing and pressure build-up program to measure well deliverability. All core and gas samples will be sent for laboratory analysis to determine gas composition and helium concentrations, including testing for the rare helium-3 isotope discovered in Jetstream #1.
Thomas Abraham-James, President & CEO of Pulsar, commented:
“Encountering another zone of pressurised gas at Jetstream #4 is a highly encouraging continuation of what we are seeing across the field. A ~674 psi pressure reading at this relatively shallow depth reinforces the strength of the reservoir and further validates the geological model built from the earlier Jetstream wells. With Jetstream #4 advancing toward total depth, we are excited to see what else it may show. Our team is focused on collecting the highest-quality data possible as we prepare for wireline logging, flow-testing, and full laboratory analysis, including assays for helium-3. It is an exciting phase of work as we progress Topaz toward our objective of becoming a major primary helium project in North America.”
