Pulsar Helium Encounters Additional High-Pressure Gas at Topaz Project
Why we think this is good
The RNS provides positive updates on the ongoing exploration and appraisal program at Pulsar Helium's Topaz project, with additional high-pressure gas encountered in the Jetstream #5 well. This suggests the potential for a larger and higher-pressure gas resource than previously indicated. However, the news does not meet the criteria for a 'Very Good' rating, as it does not contain any explicit profit upgrades or trading significantly ahead of expectations.
Key Points
- Additional high-pressure gas encountered at ~2,857 feet depth in Jetstream #5 well, with bottom-hole pressure of ~1,292 psi
- Prior pressurized gas encountered at ~837 feet and ~1,481 feet in Jetstream #5
- Drilling continuing at Jetstream #5, targeting total depth of up to 5,000 feet
- Rig to move to drill Jetstream #6 well, located ~2.2 km southwest of discovery well
- Multi-well flow testing program planned for early February 2026, covering Jetstream #3, #4, and #5 wells
Summary
Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) has encountered an additional pressurized gas influx at approximately 2,857 feet depth in its Jetstream #5 appraisal well at the Topaz Project in Minnesota, USA. The bottom-hole pressure of this new gas zone is estimated at ~1,292 psi, the highest recorded to date at Topaz. This follows previously reported pressurized gas zones intersected at approximately 837 feet and 1,481 feet. Pulsar is preparing for a multi-well flow testing program slated to commence in early February 2026, which will evaluate the Jetstream #3, #4, and #5 wells.