Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Pulse Seismic Inc T.PSD

Alternate Symbol(s):  PLSDF

Pulse Seismic Inc. is engaged in the acquisition, marketing and licensing of two-dimensional (2D) and three-dimensional (3D) seismic data to the western Canadian energy sector. The Company owns the licensable seismic data library in Canada, consisting of approximately 65,310 square kilometers of 3D seismic and 829,207 kilometers of 2D seismic. It calculates net kilometers of 2D data and net square kilometers of 3D data by multiplying the number of kilometers of seismic data in each 2D line and the number of square kilometers of seismic data in each individual 3D seismic dataset by its percentage of ownership in each. The Company's library covers the Western Canada Sedimentary Basin (WCSB).


TSX:PSD - Post by User

Post by Betteryear2on Dec 13, 2021 10:27pm
189 Views
Post# 34227589

Provides 2021 Sales Update

Provides 2021 Sales Update

CALGARY, Alberta, Dec. 13, 2021 (GLOBE NEWSWIRE) -- Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to report the completion of the $17.0 million seismic data licensing contract that was signed and previously announced in May 2021.

The licence was for 3D seismic data located in a liquids rich fairway in the west shale basin with multi-zone potential in Central Alberta. As previously disclosed, on signing the deal in May, the Company delivered $7.3 million of seismic data, with the remainder of the data agreed to be selected by the customer at any time before April 15, 2022. Today the remaining data was delivered to the customer resulting in the recognition of an additional $9.7 million of seismic data sales revenue in 2021.

“I am pleased to announce that the fulfillment of this contract in 2021 will result in Pulse achieving the second highest level of annual seismic data library sales revenue in the Company’s history,” commented Neal Coleman, President and CEO of Pulse. “Including this $9.7 million, data library sales to date in the fourth quarter of 2021 are approximately $14.1 million, bringing our year-to-date data library sales to approximately $46.6 million.”

Concurrently, the Company also would like to report the appointment of Mantu Sihota, P.Geoph to the position of Director, Geoscience effective January 1, 2022. Mantu has been working with the Company in an advisory capacity since March 2021.

“I am extremely pleased to have Mantu join the Company as we continue to adapt to the challenges and opportunities of energy transition,” stated Neal Coleman. “Mantu brings over 27 years of experience in geoscience in the Western Canadian Sedimentary Basin, most recently as Chief Geophysicist for a large E&P company. He has a proven track record of success in technical, leadership and business development roles, which adds tremendous value to the Pulse team,” Coleman added.

CORPORATE PROFILE

Pulse is a market leader in the acquisition, marketing and licensing of 2D and 3D seismic data to the western Canadian energy sector. Pulse owns the largest licensable seismic data library in Canada, currently consisting of approximately 65,310 square kilometres of 3D seismic and 829,207 kilometres of 2D seismic. The library extensively covers the Western Canada Sedimentary Basin where most of Canada’s oil and natural gas exploration and development occur.

www.pulseseismic.com

https://www.globenewswire.com/news-release/2021/12/14/2351246/0/en/Pulse-Seismic-Inc-Provides-2021-Sales-Update-and-Announces-Addition-of-Director-of-Geoscience.html

<< Previous
Bullboard Posts
Next >>