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Pulse Oil Corp. Announces Successful Bigoray Production Test, Additional Cashflow and EOR Advancements
Pulse Oil Corp. Announces Successful Bigoray Production Test, Additional Cashflow and EOR ...
About this update from Pulse Oil Corp.
[{"type":"text","content":"\n\n\n\nPulse Oil Corp. Announces Successful Bigoray Production Test, Additional Cashflow and EOR Advancements\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 5, 2019\n\n\n\nCALGARY, June 5, 2019 /CNW/ - Pulse Oil Corp. (\"Pulse\" or the \"Company\") (TSX-V: PUL and PUL.WT) is pleased to announce an operational update on successful production results from Pulse's two new wells drilled within the Company's Bigoray assets (Pulse: 100%) located in Central Alberta. \nPulse spudded two wells at its 100% controlled Bigoray site in Q1 of 2019 and is happy to report both wells were safely and successfully drilled and completed, with permanent production expected to start within a week at rates that exceeded management's earlier expectations. Initial testing operations at Pulse's two Bigoray wells are indicative of new, strong and stabilizing production rates from the Company's D and E Nisku Pools. \nImportantly, Pulse's 15-4 D-Pool well perforated 5.5 meters of the oil pay encountered while drilling, located in the uppermost, and previously undrained part of the reef. Initial fluids recovered were 100% load and completion water, but within one day, oil cuts increased to over 90%. The well is presently swab testing more than 400 barrels of light oil (35 API) per day, exceeding management's forecasts. The 15-4 well will be placed on permanent production using an electric submersible pump (ESP) and the necessary infrastructure and production lines are in place at the wellsite to start production.\nThe second Bigoray well drilled by Pulse, the 5-9 well, was swab/ flow tested and produced approximately 70 barrels of fluid per day with similar increasing oil cuts during testing.\nOver the long-term, the two new wells will be used as solvent injectors for Pulse's Bigoray enhanced oil recovery (\"EOR\") project. The 5-9 well will inject solvent into the Nisku E pool; 15-4 into the Nisku D pool. However as previously disclosed by Pulse, the wells have the added benefit of providing immediate new oil production and cash flo...