Pulsar Helium Inc (PLSR) has completed the drilling of the Jetstream #2 appraisal well at its flagship Topaz project in Minnesota, USA.
The drilling operation reached total depth of 5,638 feet on February 1st, 2025, successfully penetrating the entire interpreted helium-bearing interval, and beyond.
Elevated helium values were encountered over a gross vertical thickness of 3,178 feet, with samples containing up to 3.5% helium identified, despite dilution from atmospheric air due to the rotary air drilling method used.
Actual helium concentration is likely higher than the measured 3.5%, and uncontaminated samples for laboratory analysis will be acquired in due course.
Additional data will now be collected, and all data will then be sent to an independent resource estimator for a resource update, and to Chart Industries for production scenario assessment and conceptual processing facility design.
"Drilling of the Jetstream #2 appraisal well and deepening of Jetstream #1 is now complete, both of which were a resounding success with multiple high-concentration helium shows encountered,” said Thomas Abraham-James, chief executive of Pulsar Helium.
“The newly identified gas shows and highly encouraging helium readings give us great confidence for this being the most significant new primary helium discovery in North America. We now move into the all-important testing phase and I look forward to keeping the market updated with results as they arrive."
View from Vox
Pulsar recently deepened the Jetstream #1well and increased its knowledge of the extent of Topaz significantly. The drilling of this second well adds to the scope and potential of Topaz and moves the company significantly closer to a resource, and ultimately, to production.