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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
Comment by largeinveston Jan 13, 2019 2:43pm
65 Views
Post# 29225213

RE:RE:RE:RE:Internet Troll WD3940

RE:RE:RE:RE:Internet Troll WD3940Another point I would like to make about the net asset value is that it is very undervalued!  Notice I didn't use anything for the two EOR projects in there. (In otherwords the land and facilities they currently have) Pulses work in 2018 confirmed both can produce oil and are analogeous to the 48 other reefs that surround them and had a micsible flood done on them.  If we use "Sproules" best estimate of 6 million bbls trapped at $70 a bbl cnd and discount that by 95% we come up with $21 million.   So technically we should be adding that in for the new updated 2018 reserve report, so the NAV should be around $45 million / 144million .31c a share.  This should be assigned in the "probable" category as it isn't yet "proved and producing".  However since the company has the money to develop the asset it can now go into the probable category, where as last year the company hadn't raised $11 million and there was no assurance it would ever be developed.  Now there is that assurance so it needs to be included!  
Bullboard Posts