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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Comment by impegaon Dec 12, 2018 5:08pm

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Post# 29106047

RE:RE:RE:RE:RE:RE:RE:Queenstown well spudded last week

Here's another gem from WD: "As I mentioned before, this is the last kick at the can for the reefs after which someone is going to have to remediate the entire site after 50 plus years of production. Seems to me Pulse owns 100% of it all now and will be on the hook for the remediation/clean up. A major liability one would think.
Read more at https://www.stockhouse.com/companies/bullboard/v.pul/pulse-oil-corp?postid=29028470#T14HzZeYKlkx559r.99

How much is this remediation major liability? Please gives us your estimate WD.

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