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Pulse Oil Corp. Announces Encouraging Completion of Geotechnical Evaluation of Queenstown Assets
Pulse Oil Corp. Announces Encouraging Completion of Geotechnical Evaluation of Queenstown ...
About this update from Pulse Oil Corp.
[{"type":"text","content":"\n\n\n\nPulse Oil Corp. Announces Encouraging Completion of Geotechnical Evaluation of Queenstown Assets\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, June 4, 2018\n\n\n\nCALGARY, June 4, 2018 /CNW/ - Pulse Oil Corp. (\"Pulse\" or the \"Company\") (TSX-V: PUL and PUL.WT) announced today that the Company has completed a geotechnical evaluation of 3-dimensional seismic data covering 24 sections (15,360-acres) of land centred on Pulse's light oil-prone Queenstown acreage in South Central Alberta. \n\nThis 3D seismic data set is critical for asset optimisation and Pulse's advanced Amplitude vs. Offset (AVO) work has now tied accurately the seismic data to the \"sweet spots\" in its existing horizontal wells. The geotechnical study has led to the identification of eight further development locations, all targeting the highest porosity and permeability sections of the light oil-prone Glauconite Lithic Channel trend previously discovered on Pulse's land.\n\nPulse President, Drew Cadenhead, commented, \"This advanced geophysical work has given us more confidence in our ability to target the absolute best locations for our upcoming horizontal development drilling program. Previously, our best well in the area initially produced (\"IP'd\") at over 400 BOE/d, whereas some of the more average wells that were not drilled in the sweet spots we have now identified IP'd at around 100 BOE/d. Obviously our plan will be to target the potentially highest producing zones, and this new work gives us greater confidence we can do just that. We expect to be initiating this drilling program later in the year, and we look forward to the potential new production and associated cash flow\".\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 owns 100% interest in the Bigoray area assets of Alberta, resulting Pulse planning and executing on a reactivation and enhanced oil recovery operations focused on two Nisku oil...