공시 • Dec 09
Pulsar Helium Reports Pressurised Gas Encounter At Jetstream #5 and Down-Hole Testing Conducted At Jetstream #3 and #4
Pulsar Helium Helium announced that it has a consistent track record that underscores the pervasive nature of the helium reservoir at Topaz. In particular, seeing a gas influx at such a shallow depth in Jetstream #5 is highly encouraging, it suggests the gas column is extensive and the reservoir pressure is robust across the field. Each successful well brings one step closer to goal of establishing Topaz as a major primary helium source in North America. The company will continue to advance the program diligently, collecting high-quality data from core samples and forthcoming tests to guide the next phases of this project's development. Jetstream #5, the third well in Pulsar's current multi-well appraisal program at Topaz, was spudded on November 28, 2025. The well drilled through overburden and into the prospective formation, reaching significant gas shows at 837 and 1,481 feet depth (255 and 451 meters, respectively). Upon penetrating these zones, pressurized gas entered the wellbore, with crew members observing a noticeable influx of gas bubbling through the drilling mud at the surface. The preliminary calculated bottom-hole pressure at 1,481 feet is approximately 662 psi, a strong early indicator of a pressurized reservoir. The well has already surpassed the depth of the initial gas encounter and is proceeding toward the planned TD of 5,000 feet (1,524 m). Pulsar is utilizing HQ core drilling methodology for this well, which involves cutting a large-diameter core (~63.5 mm) to retrieve continuous rock samples. This approach is yielding abundant physical core for geological analysis while maintaining efficient penetration rates. Notably, gas continues to percolate from the formation during drilling, gas bubbling and pressure are evident in the returns, especially when pausing to add drill pipe, indicating sustained gas presence in the formation. These observations suggest that the reservoir remains pressurized as the well drills deeper, an encouraging sign as Jetstream #5 progresses through the stratigraphy. As with the previous Topaz appraisal wells, once Jetstream #5 reaches total depth and drilling is concluded, the Company will initiate a comprehensive evaluation program. This will likely include open-hole wireline logging, flow testing, and pressure build-up analysis across the encountered zones, alongside laboratory analysis of gas samples and core material. (In the ongoing program, Pulsar has been sequencing well completion and testing activities to optimize costs and efficiency; for example, testing of the Jetstream #3 and #4 wells will be conducted together.) The data collected from Jetstream #5, in combination with results from Jetstream #3 and # 4, will further delineate the reservoir's properties and help quantify the helium resource in place. Updates on these appraisal results and any testing outcomes will be provided in due course. In parallel with drilling operations at Jetstream #5, Pulsar completed a suite of down-hole wireline logging,flow testing, and pressure build- up analysis across the encountered zones, along laboratory analysis of gas samples and core material. In parallel with drilling operations At Jetstream #5, Pular completed a suite of down the field of down-hole wireline wireline wireline logging, flow testing. The down-hole wireline tests were conducted by Extreme Wireline Inc. from Utah, and consisted of formation microresistivity imaging, dipole sonic, resistivity, gamma, and neutron density logs. The data will now be sent to experts for evaluation and interpretation to further understanding of the reservoir. The next phase of appraisal work at the wells will consist of flow testing, gas sample collection for laboratory analysis (for all gases, including helium-3), and pressure build up testing. This testing program is expected to occur in January 2026, subject to equipment scheduling. Results from these tests will provide key inputs for the next iteration of the Topaz resource model and will help quantify the production potential of each well.