LONDON: Pulsar Helium Inc. said Friday its latest appraisal well at the Topaz Project in Minnesota has intercepted a high-pressure helium gas zone, the most pressurized encountered to date at the site.
The Jetstream #5 well, part of an ongoing multi-well drilling program, encountered the gas influx at a depth of approximately 2,857 feet. The company estimates the bottom-hole pressure at approximately 1,292 pounds per square inch (psi).
This marks the third gas zone found in the well, following earlier intersections at about 837 feet and 1,481 feet. Drilling is continuing toward a planned total depth of up to 5,000 feet.
Upon completion, the drilling rig will move to the next planned well, Jetstream #6, located roughly 1.4 miles southwest of the project’s discovery well.
The company also announced preparations for a multi-well flow testing program scheduled to begin in early February 2026. The program will involve flow testing and pressure build-up analysis at the Jetstream #3, #4, and #5 wells over approximately six weeks per well. Pulsar said it will release interim results as data is verified.
The Topaz Project, located in northern Minnesota, is a primary helium discovery. Pulsar holds exclusive leases over the area and its appraisal program is designed to map the extent and characteristics of the helium-rich reservoir.
Pulsar Helium is listed on the AIM market of the London Stock Exchange (PLSR), the TSX Venture Exchange (PLSR), and the OTCQB Venture Market (PSRHF).