CALGARY, March 11, 2019 /CNW/ - Pulse Oil Corp. ("Pulse"
or the "Company") (TSX-V: PUL and PUL.WT) is happy to announce that the Company has spudded the first of two new wells within
Pulse's Bigoray assets (PUL 100% W.I.).
The drilling of each well is expected to take approximately 18 days and Pulse will drill back to back from an existing well
site which will become the site of Pulse's central EOR facility. If the wells are successful as anticipated, Pulse expects
completion and infrastructure to be completed to allow for new production to flow in late April or early May 2019.
About Pulse Oil Corp.
Pulse is a debt-free, Canadian company incorporated under the Business Corporations Act (Alberta) that is methodically, safely, yet aggressively making progress to increase production and reserves
in the Queenstown and Bigoray acreages it holds 100% interests in. In addition, Pulse is
advancing its Bigoray EOR program and new drilling efforts in Queenstown. Pulse owns 100%
interests in the Bigoray area of Alberta, which includes two Nisku oil Pinnacle Reefs as well as 100% interests in producing assets. Pulse is moving forward to grow
production and execute an Enhanced Oil Recovery project to unlock significant value for shareholders through control of
approximately 65 net sections of land across the Mannville, Cardium, Pekisko/Shunda,
Nisku and Duvernay Shale trends in Western Canada. Pulse will also continue to focus on
acquiring affordable, small to medium sized proven oil and gas assets with significant upside. The Company plans to achieve
further growth through low-risk, technically diligent drilling within its Queenstown assets,
infrastructure ownership and reserve growth utilizing proven enhanced oil recovery techniques and implementation of
technology.
Neither the TSX Venture Exchange, Inc. nor its Regulation Service Provider (as that term is defined under the
policies of the TSX Venture Exchange) has neither approved nor disapproved of the contents of this press release.
READER ADVISORY
This press release contains forward-looking statements and forward-looking information within the meaning of applicable
securities laws. The words "believe," "expect," "anticipate," "plan," "intend," "foresee," "should," "would," "could" or other
similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such
statements include, without limitation, statements pertaining to the expected drilling, production and facilities related to the
Bigoray assets of Pulse Oil. In addition such statement also include without limitation, statements pertaining to the
expected Bigoray EOR project and its planned development.
The forward-looking statements are based on management's current expectations and beliefs concerning future developments and
their potential effect on the Company based on information currently available to management. While management believes that
these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting
Pulse will be those anticipated. Forward-looking information involves known and unknown risks, uncertainties, assumptions and
other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking
information. Important factors that could cause actual results to differ materially from those in the forward looking statements
include, but are not limited to: the volatility of commodity prices, product supply and demand, competition, access to and cost
of capital, the assumptions underlying production forecast, the quality of technical data; environmental and weather risks,
including the possible impacts of climate change, the ability to obtain environmental and other permits and the timing thereto,
government regulation or action, the costs, timing and results of drilling operations; the availability of equipment, services,
resources and personnel required to complete the Company's planned operating activities; access to and availability of
transportation, processing and refining facilities, acts of war or terrorism; and general economic conditions and other
financial, operational and legal risks and uncertainties. The forward-looking statements contained in this press release are made
as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events or otherwise, unless so required by applicable securities
laws.
View original content:http://www.prnewswire.com/news-releases/pulse-oil-corp-announces-spud-of-1st-well-of-the-bigoray-drilling-program-300809763.html
SOURCE Pulse Oil Corp.
View original content: http://www.newswire.ca/en/releases/archive/March2019/11/c4606.html