Pulsar Helium announced the successful completion of drilling the Jetstream #3 appraisal well at its flagship Topaz Project near Babbitt, with the drilling operation reaching a total depth of 3,507 feet on Nov. 7, successfully penetrating the entire interpreted helium-bearing interval.
The drill rig has been relocated and Jetstream #4 was successfully ‘spudded’ on Nov. 9, as progress begins toward achieving a TD of 3,000 feet.
Multiple pressurized gas zones throughout the drilling campaign with a calculated bottom hole pressure of approximately 960 psi. This strong pressure reading indicates a robust, naturally pressurized, highly charged reservoir at the well location, providing further validation of the Topaz reservoir’s potential.
For comparison, Jetstream #1 had a well-head pressure of 185 psi when drilled in 2024, and Jetstream #2 a well-head pressure of 205 psi.
Jetstream #3 will undergo a comprehensive evaluation, with a suite of open-hole wireline logs running 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.
The active drilling campaign consists of up to 10 wells and is designed to further define the geometry, extent, and productivity of the helium-bearing reservoir at Topaz.
Pulsar is working toward updating the Topaz resource and conducting a Preliminary Economic Assessment (PEA) in 2026.
“It is my pleasure to report the successful completion of drilling the Jetstream #3 appraisal well at our Topaz project in Minnesota, USA. Initial bottom-hole pressure readings surpass expectation and reinforce our belief in the huge potential offered by this incredible multi-commodity gas discovery,” said Thomas Abraham-James, President & CEO of Pulsar Helium.
“With the drilling of Jetstream #4 underway and down-hole testing soon to commence at Jetstream #3, momentum continues to build at Topaz as we advance our drilling campaign and move steadily towards defining what we believe to be one of North America’s most significant primary helium discoveries.”
