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Pulse Oil Corp. Announces First Bigoray Well Encounters Over 50 Meters of Oil Pay, the Spudding Of Pulse's Second Bigoray Well and Pulse's Production Testing Underway at Queenstown
Pulse Oil Corp. Announces First Bigoray Well Encounters Over 50 Meters of Oil Pay, the Spu...
About this update from Pulse Oil Corp.
[{"type":"text","content":"\n\n\n\nPulse Oil Corp. Announces First Bigoray Well Encounters Over 50 Meters of Oil Pay, the Spudding Of Pulse's Second Bigoray Well and Pulse's Production Testing Underway at Queenstown\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, April 23, 2019\n\n\n\nCALGARY, April 23, 2019 /CNW/ - Pulse Oil Corp. (\"Pulse\" or the \"Company\") (TSX-V: PUL and PUL.WT) is happy to report that the first well of a two well drilling program successfully reached total depth in its first Bigoray well, located in central Alberta and Pulse is currently drilling the second well within Pulse's Bigoray assets.  Pulse holds a 100% working interest in and operates the Bigoray assets.  \nBigoray:\nPulse's first well at Bigoray, targeting newly defined undrained attic areas of Pulse's Nisku D pinnacle reef, encountered in excess of 50 meters of oil pay, as interpreted by independent third party petrophysical evaluators.  The well was drilled to a total depth of 2,750 meters and has been successfully cased, now awaiting testing operations which will follow the drilling of the second well currently being spudded from the same pad. The second well has a similar objective, but into the Nisku E pinnacle reef. \nPulse is drilling these back-to-back wells from a drilling pad that will also become the site of Pulse' centrally located enhanced oil recovery (EOR) facility. If both wells are successful as anticipated, Pulse expects the Bigoray well completion program and tie-in infrastructure to be finished shortly thereafter and Pulse expects to establish new Bigoray production in Q2 of the 2019 fiscal year.\nQueenstown:\nPulse is also happy to report that permanent production is now underway in the Queenstown area of southern Alberta from the two new wells drilled in December 2018. Brief post-frac production testing of the wells gave the Company confidence to proceed to permanent production facility construction, including wellsite group and individual well testing facilities, and approximately two kilometres of pipeline in...