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.

TSXV:PUL - Post by User

Pulse Oil Corp

Bullboard Posts

Post by largeinveston Nov 02, 2018 8:47pm

153 Views

Post# 28918017

The sproule report I refer to in my prev post

Was released on January 9th, and with financing is 100% COS.

Mr. Cadenhead further added, “As part of the Resource Assessment, the evaluator assessed a total risk of 77% that the project would proceed, citing economic factors and/or timing of development as one of the only risks associated with the project. All technical risks such as evaluation drilling, regulatory approvals, technology, legal factors, infrastructure and markets, political factors and social licence were all assigned 100% chance of commerciality. Our goal is to make this project happen in 2018 and with the oil price market appreciating heading into 2018, the economics of this EOR project and return for shareholders continue to look more and more attractive alongside improving oil prices.”