CALGARY, Alberta, June 14, 2021 (GLOBE NEWSWIRE) -- Pulse Oil Corp., (“Pulse” or the "Company”) (TSXV: PUL) announced today that Pulse has completed its 100% owned, Bigoray production and water injection facility, and reactivated an additional oil well, which is aligning well with the sharp increase in commodity prices. In addition to reactivating immediate production from idle wells in the Bigoray area, these facilities will also provide critical infrastructure to Pulse’s upcoming EOR implementation.
Currently, Pulse has two Bigoray wells and four Queenstown wells that produced an average of 225 BOE/D of oil and gas production over Pulse’s Q1 of 2021. As part of Pulse’s “build back better” program, Pulse completed its own oil processing and water injection facility, including separators, water injection pumps, sufficient oil tankage and road work.
Pulse has recently reactivated one more Bigoray oil well that is currently being produced to the new facility and Pulse is completing its reactivation plan to maximize financial and operational synergies related to three more oil wells to be reactivated, all of which are 100% owned by Pulse. Updates to Pulse’s production rates will follow in coming days and weeks as applicable