Pulse Oil Corp V.PUL

Oil & Gas E&P

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.

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Pulse Oil Corp

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Post by skyhi0on Oct 21, 2018 7:48pm

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Post# 28844694

Additional 3.5m

The projects announced with the original 7.5m raise indicated among other things all the entire infrastructure for Bigoray Nisku D and E pools plus sufficient funding to bring Nisku D pool onto production. With the increase to 11m raise I did not see any additional paid for work commitment. Did I miss something or is it assumed that now there will be sufficient funds with the additional 3.5m to bring Nisku E pool on as well?

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