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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

Post by martindaleon Jan 19, 2022 11:23am
140 Views
Post# 34332819

Need to correct myself..

Need to correct myself..I’m getting old.. 

Its oil and gas production over the past 30 days has averaged 355 BOE/D (64 per cent oil). It reached 425 BOE/D (68 per cent oil) over the past week following recently completed operations in Bigoray and Queenstown.

Queenstown

In December 2021, Pulse cleaned out a horizontal well it drilled in 2018, moving the well from non-producing status to production rates of 75 BOE/D (71 per cent oil). Pulse is in the process of a second 100-per-cent interest horizontal well clean-out from the same surface pad and expects similar results.
 
I miss reported that they were producing 455 boed, sorry for that. It wasn’t intentional and I’m happy to own up to my mistakes..
presently as this states was 425 boed and looks like Queenstown is going to add another 75 ish boed likely by months end by the way they are moving on reopening past producing wells.. with a lot more to come. Canadian oil is now $71 a barrel.. back in June Canadian oil was $57.00, average cost for a barrel of oil in Canada is about $27, could be as low as $22... Just my thoughts, GLTA Invested! 

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