REG - Pulsar Helium Inc. - Jetstream #3 Encounters Gas Near-1000 PSI

Pulsar HeliumAnnouncement

30/10/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251030:nRSd4116Fa&default-theme=true

RNS Number : 4116F  Pulsar Helium Inc.  30 October 2025

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.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE UK VERSION OF REGULATION (EU) NO. 596/2014 ON MARKET ABUSE, AS IT FORMS
PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018,
AND REGULATION (EU) NO. 596/2014 ON MARKET ABUSE.

UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE
TO BE IN POSSESSION OF INSIDE INFORMATION.

NEWS RELEASE | OCTOBER 30, 2025 | CASCAIS, PORTUGAL

PULSAR HELIUM ANNOUNCES JETSTREAM #3 ENCOUNTERS GAS WITH NEAR-1,000 PSI
BOTTOM-HOLE PRESSURE

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the
"Company"), a leading helium exploration and development company, is pleased
to announce a major milestone at its flagship Topaz Project in Minnesota. The
Jetstream #3 well commenced drilling on October 17 and has encountered
pressurized gas with a calculated bottom-hole pressure of approximately 960
psi, underscoring a highly charged gas reservoir. This development marks a
significant step forward in the ongoing drilling campaign, building on the
success of the earlier Jetstream #1 and #2 wells and confirming the continuity
of the helium-rich system.

Highlights:

•             Location: Jetstream #3 is located 0.6 miles (~950
meters) northeast of Jetstream #1 at the Topaz helium project in Minnesota.

•             Pressurized gas zones: Jetstream #3 intersected
two gas-bearing intervals at approximately 1,717 (523 meters) and 2,036 feet
(621 meters) depth, with bottom-hole pressure estimated at ~960 psi at 2,167
feet (661 meters), which is the depth at the time of writing this news release
(and is subject to change when the hole is deepened and final bottom hole and
well-head pressures are obtained when total depth is achieved). This strong
pressure reading indicates a robust, pressurized reservoir at the well
location, a major validation of the Topaz field's potential. For comparison,
Jetstream #1 had a bottom hole pressure of 185 psi when drilled in 2024, and
Jetstream #2 had a bottom hole pressure of 205 psi when drilled in 2025.

•             Advancing drilling operations: Jetstream #3 has a
planned total depth of ~3,500 feet (1,067 meters) and is being drilled using
the coring method with a hole diameter of 3.8 inches (96 mm).

•             Visible gas: Drilling personnel observed gas
bubbling in the drilling mud returns at surface during pipe connections. This
indicates an active gas influx from the formation while drilling is underway.

•             Next steps, testing and analysis: Upon reaching
total depth, Jetstream #3 will undergo comprehensive evaluation. A suite of
open-hole wireline logs will be run to collect detailed geological and
petrophysical data, an optical televiewer will be used to image the well-bore
wall geology, followed by a proposed controlled flow-testing and pressure
build-up program to measure well deliverability. All core and gas samples will
be sent for laboratory analysis to determine gas composition and helium
concentrations, including testing for the rare helium-3 isotope discovered in
Jetstream #1.

Thomas Abraham-James, President & CEO of Pulsar, commented:

"Encountering such strong gas pressure at Jetstream #3 is extremely
encouraging for our team. A near-1,000 psi bottom-hole pressure suggests we
have a highly charged reservoir at this location. This outcome not only
validates the geological model we built from Jetstream #1 and #2, but also
boosts our confidence as we continue drilling and begin the testing phase. We
will proceed carefully to collect comprehensive data, including gas samples
for lab analysis, to fully understand the reservoir's characteristics. It's an
exciting milestone for Pulsar as we advance Topaz toward becoming a leading
primary helium project in North America."

Jetstream #3 Well Update

Jetstream #3, the first well in Pulsar's new multi-well program at Topaz, was
spudded on October 17th. The well encountered a gas show at ~1,717 feet
vertical depth and again at ~2,036 feet, within 100 vertical feet of the
interpreted depth of the known helium-bearing zone identified in Jetstream #1.
Upon penetrating these intervals, a significant influx of gas was observed,
and bottom-hole pressure was calculated at ~960 psi at 2,167 feet. This
pressure level is a strong indicator of a pressurized reservoir but is subject
to change as the hole is deepened and final bottom hole and well-head pressure
readings are obtained. The presence of pressurized gas at such depth is a
major milestone for the project, confirming that the targeted formations are
charged with gas as anticipated.

Drilling is ongoing on a 24-hour schedule with rotating crews. Jetstream #3
has currently surpassed 2,167 feet of depth and continues toward the planned
total depth of 3,500 feet. The well is being drilled using continuous HQ core
drilling (large-diameter core of ~63.5 mm) to maximize sample recovery. This
drilling method is providing abundant physical core samples for geological
analysis while maintaining efficient progress. Notably, gas is bubbling
through the drill mud while drilling and becomes more evident when a new drill
pipe connection is made.

Once Jetstream #3 reaches total depth, Pulsar will initiate a comprehensive
downhole evaluation program. This includes a suite of open-hole wireline logs,
flow testing and pressure build-up analysis on the well. Concurrent with field
testing, core and gas samples from Jetstream #3 will undergo thorough
laboratory analysis. The lab program will determine the gas composition and
exact helium content of the samples. Importantly, the analysis will include
assays for helium-3, a rare isotope of helium, given that helium-3 was
previously detected in the Topaz reservoir at notable levels (refer to News
Release dated October 1, 2025). The Company is eager to see if Jetstream #3
exhibits a similar helium-3 signature, which would further underscore the
unique character and value of the Topaz helium discovery.

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 a 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 meters). In August 2025,
the Jetstream #1 well was successfully flow-tested using a wellhead
compressor, delivering a peak gas flow rate of approximately 1.3 million cubic
feet per day with a sustained flow of 7-8% helium (as helium-4). Recent
laboratory analyses have also confirmed the presence of helium-3 in measurable
concentrations, representing one of the highest naturally occurring helium-3
values publicly reported in a terrestrial gas reservoir. The forthcoming
multi-well drilling campaign will build on these results to expand Pulsar's
understanding of the reservoir and advance Topaz toward development.

On behalf Pulsar Helium Inc.

"Thomas Abraham-James"

President, CEO and Director

Further Information:

Pulsar Helium Inc.

connect@pulsarhelium.com (mailto:connect@pulsarhelium.com)

+ 1 (218) 203-5301 (USA/Canada)

+44 (0) 2033 55 9889 (United Kingdom)

https://pulsarhelium.com (https://pulsarhelium.com)

https://ca.linkedin.com/company/pulsar-helium-inc
(https://ca.linkedin.com/company/pulsar-helium-inc) .

Yellow Jersey PR Limited

(Financial PR)

Charles Goodwin / Annabelle Wills

+44 777 5194 357

pulsarhelium@yellowjerseypr.com (mailto:pulsarhelium@yellowjerseypr.com)

Strand Hanson Limited

(Nominated & Financial Adviser, and Joint Broker)

Ritchie Balmer / Rob Patrick / Richard Johnson

+44 (0) 207 409 3494

OAK Securities*

(Joint Broker)

Richard McGlashan / Mungo Sheehan

+44 7879 646641 / +44 7788 266844

richard.mcglashan@oak-securities.com
(mailto:richard.mcglashan@oak-securities.com) /
mungo.sheehan@oak-securities.com (mailto:mungo.sheehan@oak-securities.com)

*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
and/or Helium-3 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
(http://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.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCMLBTTMTITTFA



            Copyright 2019 Regulatory News Service, all rights reserved