Pulse Oil Corp. Provides Operations Update

Pulse Oil Corp. Provides Operations Update
April 28, 2021 14:51 ET
| Source:
Pulse Oil Corp.
Pulse Oil Corp.
Surrey, British Columbia, CANADA
CALGARY, Alberta, April 28, 2021 (GLOBE NEWSWIRE) -- Pulse Oil Corp., (“Pulse” or the "Company”) (TSXV: PUL and PUL.RT) announced today that Pulse has been busy working on reactivating previously shut-in wells at its Queenstown and Bigoray properties, supported by stronger commodity prices over recent months, and creditor and shareholder arrangements.
Bigoray:
During the summer of 2020, a third party owned production facility Pulse was sending its Bigoray oil and gas production to, closed its doors. As part of its reactivation program and rights issue, Pulse has approved an operational plan to build its own oil processing and water injection facility, including separators, water injection/disposal, sufficient oil tankage and road work, allowing Pulse to reactivate three oil and gas wells in Q2/Q3, and, subject to Board approval and sufficient or additional cash reserves, another two Bigoray well reactivations later in the year.

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