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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 JesseJon May 07, 2019 12:46am
85 Views
Post# 29717899

RE:Jesse

RE:Jesse
I actually talked to some people about this, including Garth because I had concerns of my own What I was told these assets were legacy assets and were included in the sale but are not required for the EOR , also the cost of engineering assessments and transfer of liscense on these assets would create cost for nothing. If these wells were to be used in the future the gathering lines would be replaced ( my guess would be abandon and replace with poly or like you suggested liner pulls) . I have a strong background in integrity and it makes sense to me but take it for what it is Mike. Im 100 km north of conklin and snowing as well.
Bullboard Posts