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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 skyhi0on Feb 22, 2019 1:09pm
124 Views
Post# 29400675

Ahead of schedule

Ahead of scheduleAccording to the January 30 news and the progress report we are ahead of schedule to be in full time production by end of Q1(below). The only question will be the flow rates per well. If the earlier posters research of comparable 3000 cu/month is replicated we’re looking for an increase in production of 1200 BBD for both wells.(best case). However the very predictable and more (worse case) reliable 250 BBD per well (500 BBD) is all that is needed to be on track to the projected ——-
- EXIT 2020 @ 6000 BBD.
————————-
Queenstown: As reported Dec 18th, 2018 and Jan 2nd, 2019, Pulse recently completed the drilling and fracture stimulation of the Company's first two new wells. The wells targeted newly defined 3-D seismic lithic sandstone channels, which are the highest quality reservoirs within the Mannville Channel play of Southern Alberta. The two wells drilled 1200m and 1276m of horizontal lithic channel play and were fracked with 15 and 18 stages, respectively. All fracks were placed successfully and flowback of frack fluid and hydrocarbons were initiated immediately using a service rig. Once enough frack fluid had either been pumped or flowed naturally from the two wells (approximately 15% of total frack fluid pumped), and oil cuts had climbed steadily to approximately 25-35%, the decision was made to shut the wells in and begin permanent facility and pipeline construction immediately to prepare the wells for fulltime production. Based on regulatory timeline requirements for approvals of pipelines Pulse estimates we should have both wells on full time production in late Q1 2019 to early Q2 2019
Read more at https://stockhouse.com/news/press-releases/2019/01/30/pulse-oil-corp-provides-operational-update#wMuyAdXPDKmhS6Ly.99
Bullboard Posts