Pulsar Helium announced that its Jetstream #5 appraisal well at the flagship Topaz Project near Babbitt had encountered an additional pressurized gas influx at about 2,857 feet deep.
The bottom-hole pressure of this new gas zone is the highest recorded to date at Topaz.
Drilling of Jetstream #5 is ongoing and will continue toward a planned total depth of up to 5,000 feet.
Upon completion of Jetstream #5, the drilling rig will mobilize to the next appraisal well, Jetstream #6, located roughly 2.2 kilometers southwest of the discovery well ( Jetstream #1). In addition, preparations are underway for a multiwell flow testing program slated to commence in early February. This program will consist of flow testing followed by pressure buildups to evaluate the Jetstream #3, #4, and #5 wells. A six-week test period per well is expected. Pulsar will announce interim results from the Topaz testing campaign as data is received and verified by the Company.
About the Topaz Project The Topaz Project is located near Babbitt, where Pulsar is the first mover in helium exploration and holds exclusive leases over the project area. Topaz is a primary helium discovery that contains helium-4, helium-3 and CO2.
Multiple wells drilled by Pulsar have confirmed a laterally extensive helium- rich gas reservoir beneath the project lands. The ongoing Jetstream multi-well appraisal program at Topaz is designed to map out the reservoir’s extent, pressure regime, and gas composition, which will inform resource estimation and development planning.
