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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

Comment by martindaleon Jan 18, 2022 10:24am
75 Views
Post# 34328188

RE:RE:RE:RE:Excellant Update.

RE:RE:RE:RE:Excellant Update.More to come.. 455 boed isn’t as much as I was hoping for but I won’t complain.. that in itself makes for nice revenue.. price for Canadian oil is $69.50 ish US.. our profit is in the $43US range on each barrel.. that puts us in the$19,500 US or  $25,000 CDN a day Profit range or bout $750,000 CDN PROFIT a month.. $9 million ish CDN a year with more coming online without more drilling as lots of wells are already drilled. By the sounds of the update we will be adding Boed rapidly so I again am hoping for 1000 boed soon, by summer maybe? Also with only 35% or the reserve having been brought up over the past 40 years and that being 10 million boed means we have about 20 million boed in ground still, even at say a 40% recovery and at present profit margin that represents about 8,000,000 barrels or $344,000,000 in profit.. I’m thinking we are way undervalued, with a liability of just over $2 million things are looking very good! Now for the dreamers add another $10-$20 Profit on each barrel as the price of oil goes up..$10 is an additional %25 ish, $20 is an additional 50% ish, higher recovery brings more $ too... can’t wait for the next update! JMO GLTA Invested!
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