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Pulse Oil Corp. Announces Acquisition of 3D Seismic for Enhanced Oil Recovery Project
Pulse Oil Corp. Announces Acquisition of 3D Seismic for Enhanced Oil Recovery Project ...
About this update from Pulse Oil Corp.
[{"type":"text","content":"\n\n\n\nPulse Oil Corp. Announces Acquisition of 3D Seismic for Enhanced Oil Recovery Project\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, May 28, 2018\n\n\n\nCALGARY, May 28, 2018 /CNW/ - Pulse Oil Corp.  (\"Pulse\" or the \"Company\") (TSX-V: PUL and PUL.WT) announced today that Pulse has purchased a Bigoray-specific 3D seismic data set covering 2,916 acres (11.8 sq km's) encompassing  Pulse's Nisku Reefs, the focus of Pulse's active Enhanced Oil Recovery (\"EOR\") program. \n\nThis 3D seismic data set is critical for asset optimisation and will become a critical component of the contract awarded recently to Schlumberger Canada Limited to complete all three phases of the Company's petrotechnical modelling of the Bigoray Nisku D and E Pools, prior to physical implementation of the EOR schemes. \n\nPulse's President and COO, Drew Cadenhead, commented, \"Making this acquisition of existing 3D seismic, rather than acquiring new seismic, will result in substantial savings and, as previously mentioned, will allow Pulse to make the right parametric decisions in our EOR program. This is critical to maximizing the value of this project for our shareholders, making sure we have done all we can to ensure successful long-term maximum recovery of the proven oil in place within our Nisku oil pools.\"\n\nAbout Pulse Oil Corp. \n\nPulse is a Canadian company incorporated under the Business Corporations Act (Alberta) and has plans to become a leading oil and gas company. Pulse has recently completed four transactions to consolidate its interests in the Bigoray area of Alberta, resulting in 100% control of Pulse's Bigoray operations that include two Nisku oil Pinnacle Reefs as well as 100% interests in producing assets in the Queenstown area of Alberta. 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 tre...