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

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Comment by Druchiion Mar 15, 2019 8:56am

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Post# 29489857

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Sharecount

Agreed, bringing a well online is expensive.  This is why PLX will have a very tough time getting any meaningful production growth.  Glad PUL got the capital raising over with so we can move forward with very profitable, primarily oil wells.  PLX will at best be 50-50 oil/gas for a long time, so half their production may as well be flared.

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