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Pulse Oil Corp. announces increased production
Pulse Oil Corp. announces increased production Canada NewsWire CALGARY, July 30,...
About this update from Pulse Oil Corp.
[{"type":"text","content":"\n\n\n\nPulse Oil Corp. announces increased production\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, July 30, 2018\n\n\n\nCALGARY, July 30, 2018 /CNW/ - Pulse Oil Corp. (\"Pulse\" or the \"Company\") (TSX-V: PUL and PUL.WT) announces the Pulse team has recently added approximately 100 barrels of oil per day by reactivating another previously shut-in well from Pulse's 100% owned Bigoray area oil assets. In addition, Pulse has reactivated associated facilities and pipelines as planned, increasing Pulse's daily production to approximately 300 BOE/D (70% oil and liquids), and importantly, re-commissioning important infrastructure which will be critical to the Company's ongoing EOR program. \n\nPulse expects these mature, long-life wells, such as the latest well that was reactivated to remain stabilized at rates of approximately 75-100 BOE/d (96% oil), providing strong cash flow for the Company to continue to execute on Pulse's operational plans. Pulse's team will now move on to the next wells to be reactivated while continuing to advance the Bigoray Enhanced Oil Recovery project to the injection phase. \n\nAt Pulse's Queenstown property, the operations team is preparing surface drilling locations for at least one low-risk Glauconite Lithic Channel horizontal well planned to be spudded later this year, also funded by cash flow. With over 250 years in the oil and gas business, Pulse's experienced team has drilled hundreds of wells to date globally, and they are excited to spud Pulse's first well since going public in mid-2017. Importantly, the drilling team will use Pulse's 3D seismic data, combined with Pulse's advanced AVO work tying the seismic data to the best performing sweet spots of existing horizontal wells to maximize Pulse's chance for drilling success.  \n\nDrew Cadenhead, Pulse President and COO commented; \"Even though we are taking a methodical approach to operations and funding our program using cash flow as planned, we are moving quickly and putting up some strong results. These reactivate...