Business
Pulse Oil Corp. Announces 1st Two Wells to be Drilled and Bigoray Well Reactivations Underway
Pulse Oil Corp. Announces 1st Two Wells to be Drilled and Bigoray Well Reactivations Under...
About this update from Pulse Oil Corp.
[{"type":"text","content":"\n\n\n\nPulse Oil Corp. Announces 1st Two Wells to be Drilled and Bigoray Well Reactivations Underway\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Nov. 26, 2018\n\n\n\nCALGARY, Nov. 26, 2018 /CNW/ - Pulse Oil Corp. (\"Pulse\" or the \"Company\") (TSX-V: PUL and PUL.WT) announced two Queenstown wells to be drilled and regulatory transfers for key Bigoray well reactivations have been received.\nBigoray:\nAs previously announced on October 12, 2018, Pulse had sought regulatory approval to transfer one Bigoray well from the Orphan Well Association (\"OWA\") and a further Bigoray well from an arms-length third party.\nPulse has now received regulatory approval to transfer and assume 100% operatorship of both wells, allowing Pulse to initiate reactivation operations forecast to increase Bigoray production shortly. With funding in place for our reactivation program and enhanced oil recovery (\"EOR\") project at Bigoray, Pulse has added upgrades to the immediate infrastructure build at the front end of the reactivation program. This increased pipeline and infrastructure work planning is significantly more cost-effective and reduces future capital requirements within the EOR program, as well as immediately lower operating costs associated with Pulse's existing production once completed. \nQueenstown:\nAt Queenstown, Pulse is preparing to drill two horizontal wells from a single surface location. The wells will be the first exploration wells drilled by the Company since incorporation in 2017 and will target 3-D defined high-grade Mannville Glauc Lithic Channel deposits. Similar targets have recently been drilled in the same trend where Prairie Provident Resources, on September 10, 2018, has announced impressive drilling results. The two wells will be drilled back-to-back, followed by completion operations. Drilling operations are set to commence by early December and are forecast to take 4 to 6 weeks to drill and complete both wells. \nPulse President and COO, Drew Cadenhead, commented, \"We're excited that after...