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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 anymuseon Aug 31, 2019 7:15am
143 Views
Post# 30085726

RE:RE:RE:RE:RE:RE:Flow rates

RE:RE:RE:RE:RE:RE:Flow ratesThey disscussed the casing problems on the new Bigoray well, problems they have not been able to resolve to date. They didn't sound too confident they would be able too and floated the ppossibility of abandonment. Both Queens wells are plugged up with sand and wax, problems they felt they could resolve, all of which is costing money.which is becoming scarce. Be quite sometime before they do anymore drilling from cash flow the way I see it as the big salaries are now being paid out. Not much to show for the capital spent unfortunately.Looks like they will need to raise more capital and considering the results achieved with the last capital raise, I wish them luck. As an investment in this sector, this is a pass for me.
Bullboard Posts