Pulsar Helium Inc. announced that drilling the Jetstream 1 appraisal well at the Topaz helium project in Minnesota has commenced, with a spud date of February 2, 2024. Jetstream 1 is located approximately 15m (50ft) from the original discovery well LOD-6 that hit free gas with a concentration of 10.5% helium. Jetstream 1 will be drilled to a depth of 686m (2,250ft) with contingency in place to extend to 762m (2,500ft).

A mass spectrometer will be onsite providing gas composition every 100 seconds with gas samples to be collected when zones of helium gas response are encountered. Upon reaching total depth, a comprehensive suite of open hole wireline logs will be acquired by Baker Hughes. Following the wireline data acquisition, the well will be completed, and the rig will be released and demobilised.

A well testing package will then mobilise and rig up on the Jetstream 1 well and execute a flow testing and pressure build-up program and collect pressurised gas sample data. On the spud date, the Jetstream 1 site was visited by a film crew from Reuters, collecting footage and conducting interviews that will be utilized in their upcoming Global Health 2024 documentary series. In addition, key local stakeholders including government officials, local residents, contractors and potential customers will be touring site this week.