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Pulse Oil Corp V.PUL

Pulse Oil Corp. is a Canada-based oil and gas exploration company. The Company is primarily focused on the implementation of a solvent flood enhanced oil recovery (EOR) project on two Nisku Pinnacle reefs at its 100% owned Bigoray property in west Central Alberta. The project includes two Nisku pinnacle reef reservoirs that have been producing sweet light crude oil for over 40 years. The Company's 100% owned and operated Bigoray Assets consist of proved and probable reserves of approximately 5,324,400 barrels of oil equivalent (BOE) and covers approximately 3,941 net acres of land. The Company also operates and has a 100% interest in Queenstown Assets, which consists of approximately 183,000 BOE and consists of 4,781 net acres of land. Its wholly owned subsidiary is Pulse Oil Operating Corp.


TSXV:PUL - Post by User

Bullboard Posts
Post by largeinveston Aug 27, 2018 3:00pm
180 Views
Post# 28524439

Market is still sleeping? Oil not sexy enough, maybe if we

Market is still sleeping? Oil not sexy enough, maybe if we laced it with some WEED, pulse would be trading at $1.00 already.  So the overlooked NR today confirms that they can get 85% recovery on the EOR.  Which means we have a lock on 12 million bbls of light sweet crude.  At current prices those will cash flow netback $45-$50 a bbl.  Which means 12 million bbls at $45 is worth..... $540 million .  Market cap is what $24 million...These projects will be online by late spring.   In the meantime we are getting ready to drill our first Queenstown light oil well!!   Did you know that a neighbouring well came on at a record breaking 900 bopd?????  !!!!  and we have 8 of these in the sweet spot.  Garth is hoping for 400 bopd, but the way the play is going it could be double that! .   The production from our Queens light oil  wells will pay for the entire EOR.  We don't need to do another PP or issue debt...unless of course Garth were to find another play to invest Pulse into , or he wants to speed up drilling.  But I really don't think either is necessary.  With the EOR and queens drilling we can get to 6000 bopd in two years.  
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