Pulsar Helium Confirms Sustained Helium Concentrations of 7-8% at Jetstream #1, With Positive Reservoir Indicators at Jetstream #2
Pulsar Helium (OTCQB: PSRHF) has announced significant results from its Topaz helium project in Minnesota, with laboratory analysis confirming sustained helium concentrations of 7-8% in both Jetstream #1 and #2 wells, far exceeding typical commercial thresholds of 0.3%.
Jetstream #1 achieved impressive performance metrics, including a peak flow rate of 1.3 million cubic feet per day under well-head compression. The gas composition shows 75-80% CO₂ content, presenting potential commercial byproduct opportunities. While Jetstream #2 demonstrated high initial pressure of 151 psi, its flow was limited due to wellbore blockages, prompting a planned cleanout operation.
The results validate Topaz as a significant primary helium discovery, with minimal impurities and no formation water, suggesting simplified processing requirements for future production.
Pulsar Helium (OTCQB: PSRHF) ha comunicato risultati significativi dal progetto Topaz di elio in Minnesota, con analisi di laboratorio che confermano concentrazioni di elio stabili tra 7-8% sia nel pozzo Jetstream #1 che in quello #2, ben oltre la soglia commerciale tipica dello 0,3%.
Jetstream #1 ha mostrato prestazioni notevoli, tra cui un tasso di flusso massimo di 1,3 milioni di piedi cubi al giorno con compressione a monte. La composizione del gas mostra un contenuto di CO₂ tra il 75% e l'80%, aprendo opportunità commerciali secondarie. Mentre Jetstream #2 ha evidenziato una pressione iniziale elevata di 151 psi, il flusso è stato limitato da ostruzioni del pozzo, con un intervento di pulizia pianificato.
I risultati confermano Topaz come una scoperta primaria significativa di elio, con impurità minime e assenza di acqua di formazione, suggerendo requisiti di lavorazione semplificati per la produzione futura.
Pulsar Helium (OTCQB: PSRHF) ha anunciado resultados significativos en su proyecto de helio Topaz en Minnesota, con análisis de laboratorio que confirman concentraciones sostenidas de helio entre 7-8% en los pozos Jetstream #1 y #2, muy por encima de los umbrales comerciales habituales del 0,3%.
Jetstream #1 alcanzó métricas de rendimiento impresionantes, incluyendo una tasa de flujo pico de 1,3 millones de pies cúbicos por día bajo compresión en la cabezera de pozo. La composición del gas muestra un contenido de CO₂ entre el 75% y el 80%, presentando oportunidades de subproductos comerciales. Aunque Jetstream #2 mostró una presión inicial alta de 151 psi, su flujo estuvo limitado por obstrucciones en el taladro, lo que llevó a una limpieza planificada.
Los resultados validan Topaz como un descubrimiento significativo de helio primario, con impurezas mínimas y sin agua de formación, lo que sugiere requisitos de procesamiento simplificados para la producción futura.
Pulsar Helium (OTCQB: PSRHF)는 미네소타의 Topaz 헬륨 프로젝트에서 실험실 분석이 7-8%의 지속적인 헬륨 농도를 확인했다고 발표했습니다. Jetstream #1과 #2 우물 모두에서 상업적 임계치인 약 0.3%를 훨씬 상회합니다.
Jetstream #1은 일일 최대 유량 130만 입방피트의 성능 메트릭을 달성했으며 우수 압축 하에서 나왔습니다. 가스 구성은 CO₂ 함량 75-80%를 보여 상업적 부산물 기회를 제시합니다. 반면 Jetstream #2는 초기 압력 151 psi의 높은 압력을 보였으나 우물관의 막힘으로 유량이 제한되어 정비가 계획되었습니다.
결과는 Topaz를 상당한 1차 헬륨 발견으로 확인하며, 불순물이 최소이고 지층수도 없으므로 향후 생산을 위한 처리 요구가 간소화될 것임을 시사합니다.
Pulsar Helium (OTCQB: PSRHF) a annoncé des résultats significatifs concernant son projet Topaz d’hélium au Minnesota, avec des analyses en laboratoire confirmant des concentrations d’hélium soutenues entre 7-8% dans les puits Jetstream #1 et #2, bien au-delà des seuils commerciaux habituels d’environ 0,3%.
Jetstream #1 a affiché des performances impressionnantes, notamment un débit maximal de 1,3 million de pieds cubes par jour sous compression à la tête de puits. La composition du gaz montre une teneur en CO₂ de 75-80%, ouvrant des opportunités de sous-produits commerciaux. Bien que Jetstream #2 ait présenté une pression initiale élevée de 151 psi, son débit a été limité par des blocages du puits, nécessitant une opération de nettoyage planifiée.
Les résultats valident Topaz comme une découverte majeure d’hélium primaire, avec peu d’impuretés et aucune eau de formation, suggérant des exigences de traitement simplifiées pour la production future.
Pulsar Helium (OTCQB: PSRHF) hat bedeutende Ergebnisse aus dem Topaz-Heliumprojekt in Minnesota bekannt gegeben. Labordaten bestätigen konsistente Heliumkonzentrationen von 7-8% in beiden Bohrungen Jetstream #1 und #2, deutlich über typischen kommerziellen Schwellenwerten von 0,3%.
Jetstream #1 erreichte beeindruckende Leistungskennzahlen, darunter eine Spitzenförderrate von 1,3 Millionen Kubikfuß pro Tag bei Head-Of-Well-Kompression. Die Gaszusammensetzung zeigt einen CO₂-Anteil von 75-80%, was potenzielle kommerzielle Nebenproduktmöglichkeiten eröffnet. Während Jetstream #2 einen hohen Anfangsdruck von 151 psi zeigte, war der Durchfluss aufgrund von Blockaden im Bohrloch begrenzt, was eine geplante Bereinigungsoperation erforderlich machte.
Die Ergebnisse bestätigen Topaz als eine bedeutende primäre Heliumentdeckung mit minimalen Verunreinigungen und keinem Formation Wasser, was eine vereinfachte Verarbeitung für die zukünftige Produktion nahelegt.
Pulsar Helium (OTCQB: PSRHF) أعلنت عن نتائج مهمة من مشروع الهيليوم Topaz في مينيسوتا، حيث أكدت التحاليل المخبرية تركيزات مستمرة من الهيليوم بين 7-8% في كل من بئر Jetstream #1 و #2، متجاوزة بكثير العتبات التجارية المعتادة عند 0.3%.
حقق Jetstream #1 معايير أداء مثيرة للإعجاب، بما في ذلك معدل تدفق أقصى قدره 1.3 مليون قدم مكعب في اليوم تحت ضغط رأس البئر. وتبين أن تكوين الغاز يحتوي على CO₂ بنسبة 75-80%، مما يفتح فرصاً للمنتجات الثانوية التجارية. بينما أظهر Jetstream #2 ضغطاً ابتدائياً عالياً قدره 151 psi، إلا أن التدفق كان محدوداً بسبب انسدادات في جوف البئر، مما استلزم عملية تنظيف مخطط لها.
تؤكد النتائج Topaz كاكتشاف هيليوم رئيسي هام، مع شوائب قليلة وبدون ماء تكوين، مما يشير إلى متطلبات معالجة مبسطة للإنتاج المستقبلي.
Pulsar Helium (OTCQB: PSRHF) 已宣布其在明尼苏达州的 Topaz 氦气项目取得重要成果，实验室分析证实两口井 Jetstream #1 和 #2 的持续氦气浓度为 7-8%，远超通常商业阈值 0.3% 。
Jetstream #1 实现了令人印象深刻的性能指标，在井口压缩下的峰值流量为 130万立方英尺/日。气体组成显示 CO₂ 含量为 75-80%，这为潜在的商业副产品提供了机会。虽然 Jetstream #2 显示出初始压力为 151 psi，但因井筒堵塞而导致流量受限，已计划进行清洗作业。
结果验证 Topaz 为重要的初级氦气发现，杂质极少且无地层水，表明未来生产的处理要求将简化。
- Exceptional helium concentration of 7-8% confirmed in both wells, far above commercial threshold of 0.3%
- Jetstream #1 achieved peak flow rate of 1.3 MMcf/d under compression
- High CO₂ content (75-80%) presents additional commercial opportunity
- Clean gas flow with no formation water or significant hydrocarbon content, simplifying processing
- Strong initial pressure of 151 psi at Jetstream #2 indicates excellent reservoir support
- Jetstream #2 experiencing persistent wellbore blockages limiting sustained flow
- Additional cleanout operations required for Jetstream #2, potentially adding costs and delays
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.
CASCAIS, Portugal, Sept. 19, 2025 (GLOBE NEWSWIRE) -- Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) (“Pulsar” or the “Company”), a leading helium project development company, is pleased to announce the latest gas analysis results from the Jetstream #1 and Jetstream #2 appraisal wells at its flagship Topaz helium project in Minnesota, USA. Laboratory analysis confirms sustained helium concentrations of up to
Highlights
- Jetstream #1 – Sustained helium concentrations (7–
8% ): Laboratory testing has confirmed a stable, high helium content of between 7–8% by volume in the Jetstream #1 gas stream, confirming a robust helium-rich reservoir. This level comfortably exceeds typical commercial thresholds (∼0.3% helium) and validates Jetstream #1’s primary helium production potential. - High CO₂ content (75–
80% ) – Byproduct potential: Gas composition analyses show carbon dioxide levels of ~75–80% in the produced gas. This unusually high CO₂ concentration (exceeding70% ) presents an opportunity for commercial CO₂ byproduct utilization which has the potential to enhance project economics. - Jetstream #2 – High helium and pressure, targeted cleanout planned: The Jetstream #2 appraisal well encountered similarly high helium concentrations of up to
8% in initial gas samples, alongside a strong initial shut-in pressure ~151 psi (10.4 bar), notably higher than Jetstream #1. This indicates a highly charged reservoir with excellent pressure support. However, sustained flow from Jetstream #2 was limited due to persistent wellbore blockages during testing. A targeted cleanout program is being planned.
Thomas Abraham-James, President & CEO of Pulsar, commented:
“We are very encouraged by the consistency of helium grades across both Jetstream wells, with favorable CO₂ levels expected to simplify processing and enhance product yields. These latest datasets further validate the Topaz Project’s significant potential, with sustained helium concentrations of up to
Latest Gas Analysis and Well Performance
Jetstream #1 – High helium, high deliverability: At the Jetstream #1 appraisal well, which was deepened to 5,100 feet in 2025, laboratory gas analysis has verified a sustained helium concentration of approximately 7–
The gas composition from Jetstream #1, chiefly CO₂ (~75–
Jetstream #2 – Strong reservoir indicators and remediation: Laboratory analysis of gas obtained from initial testing confirmed helium concentrations on the order of 7–
Testing at Jetstream #2 was, however, hindered by mechanical flow restrictions. Despite the well’s strong potential, persistent blockages in the wellbore prevented the well from maintaining continuous flow during the initial test period. In response, Pulsar is designing a targeted cleanout operation to clear the obstruction and fully unleash Jetstream #2’s capacity. When the wellbore is cleaned out, further flow tests will be conducted to gather sustained performance data from Jetstream #2. The Company is optimistic that, after remediation, Jetstream #2 will demonstrate flow rates and deliverability in line with its high helium grades and pressure, further bolstering the Topaz project’s already strong results.
All gas analyses were conducted by Isotech, a Stratum Reservoir brand, at their laboratory in Champaign, Illinois, USA. Flow testing was undertaken by Sabre Production Services LLC.
About the Topaz Project
The Topaz project is located in northern Minnesota, USA, where Pulsar is the first mover and holds exclusive leases. Drilling at the Jetstream #1 appraisal well reached total depth (“TD”) of 5,100 feet (1,555 meters) in January 2025, successfully penetrating the entire interpreted helium-bearing reservoir and beyond. Drilling of, the Jetstream #2 appraisal well was completed on February 1, 2025, reaching a TD of 5,638 feet (1,718 metres). In August 2025, the Jetstream #1 appraisal well was successfully flow-tested using a wellhead compressor, delivering a peak gas flow rate of approximately 1.3 million cubic feet per day. Meanwhile, a multi-well drilling campaign at Topaz is set to commence in early October to increase the Company’s understanding of the helium reservoir and advance Pulsar’s strategy to become a leading helium producer in response to growing global demand.
On behalf Pulsar Helium Inc.
“Thomas Abraham-James”
President, CEO and Director
Further Information:
Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (218) 203-5301 (USA/Canada)
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https://pulsarhelium.com
https://ca.linkedin.com/company/pulsar-helium-inc.
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(Financial PR)
Charles Goodwin / Annabelle Wills
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(Nominated & Financial Adviser, and Joint Broker)
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(Joint Broker)
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*OAK Securities is the trading name of Merlin Partners LLP, a firm incorporated in the United Kingdom and regulated by the UK Financial Conduct Authority.
About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company quoted on the AIM market of the London Stock Exchange and listed on the TSX Venture Exchange with the ticker PLSR, as well as on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of its flagship Topaz helium project in Minnesota, USA, and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Qualified Person Signoff
In accordance with the AIM Note for Mining and Oil and Gas Companies, the Company discloses that Brad Cage, VP Engineering and Officer of the Company has reviewed the technical information contained herein. Mr. Cage has approximately 25 years in the oil and gas industry, is a member of the Society of Petroleum Engineers and is a licenced professional petroleum engineer in Oklahoma, USA.
Forward-Looking Statements
This news release contains forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements. Forward-looking statements herein include, but are not limited to, statements relating to the statements regarding bringing the Topaz project to production, anticipated full plant construction contract in 2026, final investment decision being made in 2026, the potential impact of the drill results, flow testing and pressure testing on the next iteration of the resource estimate; the potential of CO2 as a valuable by-product of the Company’s future helium production; and the potential for future wells. Forward-looking statements may involve estimates and are based upon assumptions made by management of the Company, including, but not limited to, the Company's capital cost estimates, management's expectations regarding the availability of capital to fund the Company's future capital and operating requirements and the ability to obtain all requisite regulatory approvals.
No reserves have been assigned in connection with the Company's property interests to date, given their early stage of development. The future value of the Company is therefore dependent on the success or otherwise of its activities, which are principally directed toward the future exploration, appraisal and development of its assets, and potential acquisition of property interests in the future. Un-risked Contingent and Prospective Helium Volumes have been defined at the Topaz Project. However, estimating helium volumes is subject to significant uncertainties associated with technical data and the interpretation of that data, future commodity prices, and development and operating costs. There can be no guarantee that the Company will successfully convert its helium volume to reserves and produce that estimated volume. Estimates may alter significantly or become more uncertain when new information becomes available due to for example, additional drilling or production tests over the life of field. As estimates change, development and production plans may also vary. Downward revision of helium volume estimates may adversely affect the Company's operational or financial performance.
Helium volume estimates are expressions of judgement based on knowledge, experience and industry practice. These estimates are imprecise and depend to some extent on interpretations, which may ultimately prove to be inaccurate and require adjustment or, even if valid when originally calculated, may alter significantly when new information or techniques become available. As further information becomes available through additional drilling and analysis the estimates are likely to change. Any adjustments to volume could affect the Company's exploration and development plans which may, in turn, affect the Company's performance. The process of estimating helium resources is complex and requires significant decisions and assumptions to be made in evaluating the reliability of available geological, geophysical, engineering, and economic date for each property. Different engineers may make different estimates of resources, cash flows, or other variables based on the same available data.
Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward- looking statements. Such risks and uncertainties include, but are not limited to, that Pulsar may be unsuccessful in drilling commercially productive wells; the uncertainty of resource estimation; operational risks in conducting exploration, including that drill costs may be higher than estimates ; commodity prices; health, safety and environmental factors; and other factors set forth above as well as risk factors included in the Company’s Annual Information Form dated July 31, 2025 for the year ended September 30, 2024 found under Company’s profile on www.sedarplus.ca.
Forward-looking statements contained in this news release are as of the date of this news release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. No assurance can be given that the forward-looking statements herein will prove to be correct and, accordingly, investors should not place undue reliance on forward-looking statements. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
FAQ
What are the helium concentration levels in Pulsar Helium's (PSRHF) Topaz project wells?
What is the peak flow rate achieved at Pulsar Helium's Jetstream #1 well?
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What issues is Pulsar Helium facing with the Jetstream #2 well?
What makes Pulsar Helium's Topaz project significant for helium production?
