Pulsar reports pressurized gas encounter at Jetstream 5

Pulsar Helium, a primary helium exploration and development company, announces that its Jetstream #5 appraisal well at the flagship Topaz Project east of Babbitt has intersected pressurized gas zones.

The gas zones were encountered at depths of approximately 837 feet (255 meters) and 1,481 feet (451 meters), with an initial bottom-hole pressure of 662 psi calculated, and visible gas influx observed during drilling operations.

Plans are to drill up to ten appraisal wells at the site as the company continues to define the size, scope and quality of the helium finding, the company has said.