.jpg)
21 hours ago
2
Article content
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO. 596/2014 ON MARKET ABUSE, AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AND REGULATION (EU) NO. 596/2014 ON MARKET ABUSE.
Article content
Article content
Article content
UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
CASCAIS, Portugal, Oct. 30, 2025 (GLOBE NEWSWIRE) —
Article content
Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) (“Pulsar” or the “Company”), a leading helium exploration and development company, is pleased to announce a major milestone at its flagship Topaz Project in Minnesota. The Jetstream #3 well commenced drilling on October 17 and has encountered pressurized gas with a calculated bottom-hole pressure of approximately 960 psi, underscoring a highly charged gas reservoir. This development marks a significant step forward in the ongoing drilling campaign, building on the success of the earlier Jetstream #1 and #2 wells and confirming the continuity of the helium-rich system.
Article content
Highlights:
Article content
- Location: Jetstream #3 is located 0.6 miles (~950 meters) northeast of Jetstream #1 at the Topaz helium project in Minnesota.
- Pressurized gas zones: Jetstream #3 intersected two gas-bearing intervals at approximately 1,717 (523 meters) and 2,036 feet (621 meters) depth, with bottom-hole pressure estimated at ~960 psi at 2,167 feet (661 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 strong pressure reading indicates a robust, pressurized reservoir at the well location, a major validation of the Topaz field’s potential. For comparison, Jetstream #1 had a bottom hole pressure of 185 psi when drilled in 2024, and Jetstream #2 had a bottom hole pressure of 205 psi when drilled in 2025.
- Advancing drilling operations: Jetstream #3 has a planned total depth of ~3,500 feet (1,067 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: Upon reaching total depth, Jetstream #3 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.
Article content
Article content
Thomas Abraham-James, President & CEO of Pulsar, commented:
Article content
“Encountering such strong gas pressure at Jetstream #3 is extremely encouraging for our team. A near-1,000 psi bottom-hole pressure suggests we have a highly charged reservoir at this location. This outcome not only validates the geological model we built from Jetstream #1 and #2, but also boosts our confidence as we continue drilling and begin the testing phase. We will proceed carefully to collect comprehensive data, including gas samples for lab analysis, to fully understand the reservoir’s characteristics. It’s an exciting milestone for Pulsar as we advance Topaz toward becoming a leading primary helium project in North America.”
Article content
Jetstream #3 Well Update
Article content
Jetstream #3, the first well in Pulsar’s new multi-well program at Topaz, was spudded on October 17th. The well encountered a gas show at ~1,717 feet vertical depth and again at ~2,036 feet, within 100 vertical feet of the interpreted depth of the known helium-bearing zone identified in Jetstream #1. Upon penetrating these intervals, a significant influx of gas was observed, and bottom-hole pressure was calculated at ~960 psi at 2,167 feet. This pressure level is a strong indicator of a pressurized reservoir but is subject to change as the hole is deepened and final bottom hole and well-head pressure readings are obtained. The presence of pressurized gas at such depth is a major milestone for the project, confirming that the targeted formations are charged with gas as anticipated.
English (US)