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 > More Dilution Inevitable

<< Previous

Bullboard Posts

Next >>

Comment by martindaleon Jan 18, 2022 5:49pm

57 Views

Post# 34330607

RE:More Dilution Inevitable

When did they say 10,000? I read that the plan in 2019 was to ramp up to 5,000, as to diluting the shares ... why? They are presently Clearing $750,000 CDN a month, don’t see any need to dilute as they are paying all the bills and expanding. Please state why they would need to do a PP...

<< Previous

Bullboard Posts

Next >>

Cannara reports record growth and profitability in Q4 2023