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.

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Pulse Oil Corp > News . Sweet . Big $$ Increase

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Post by Goldy63on May 17, 2022 9:53am

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News . Sweet . Big $$ Increase

Year-end Financials and Independent Reserve Report: Pulse filed its year-end financials, management discussion and analysis (MD&A) and its annual information form on May 2, 2022 for the year ended December 31, 2021. Some of the highlights of the 2021 fiscal year are as follows: Description December 31, 2021 December 31, 2020 Gross Revenue $3,246,921 $990,245 Net income $823,113 ($3,176,329) Cashflow from operations $953,810 ($106,065) Gross reserves 2,169,900 BOE 2,079,600 BOE Proved and Probable Reserves NPV10 (Before tax)

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