Pulse Oil Announces Operational Results and Imminent Start of Drilling
Pulse Oil Announces Operational Results and Imminent Start of Drilling
CALGARY, Alberta, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Pulse Oil Corp. (the "Company" or "Pulse") (TSXV: PUL) reports the completion of Pulse's first operation since the close of its Rights Offering.
艾伯塔省卡爾加里，2024年2月16日（GLOBE NEWSWIRE）——Pulse Oil Corp.（“公司” 或 “Pulse”）（多倫多證券交易所股票代碼：PUL）報告稱，Pulse自供股結束以來的首次業務已經完成。
Workover update:
修補更新：
The Company is pleased to announce that the workover and stimulation of Pulse's 100% owned 5-09 well, located in Pulse's Bigoray Nisku E pool has resulted in new oil and gas production. The well has been producing for fourteen days and as of the date of this news release, the well is producing approximately 200 barrels of oil per day plus a small amount of natural gas. Pulse is happy with these results and will continue to advance our 2024 work program that our recently completed Rights Offering has allowed us to do.
該公司高興地宣佈，位於Pulse的Bigoray Nisku E礦池中的Pulse100％持股權的5-09口油井的修井和增產已帶來新的石油和天然氣產量。該油井已經生產了十四天，截至本新聞發佈之日，該油井每天生產約200桶石油外加少量天然氣。Pulse 對這些結果感到滿意，並將繼續推進我們最近完成的供股允許我們完成的2024年工作計劃。
Drilling Update:
鑽探更新：
Pulse is also happy to announce that drilling within Pulse's 100% owned Bigoray Nisku D pool is anticipated to begin on February 19, 2024. Pulse intends to drill the well to a total depth of 2,686 meters over an anticipated timeline of twelve days.
Pulse還高興地宣佈，Pulse擁有100％股權的Bigoray Nisku D礦池的鑽探預計將於2024年2月19日開始。Pulse打算在預計的十二天時間內將油井鑽至總深度爲2686米。
The well is being drilled to accomplish a number of goals.
正在鑽探這口井，以實現許多目標。
- Grow near-term production and cashflow upon completion of drilling; and
- Increase the efficiency of Pulse's EOR program by adding an ideally located production well in which to produce from; and
- Materially increase production rates and ultimate reserve recovery from the EOR program within the Nisku D pool.
- 鑽探完成後增加短期產量和現金流；以及
- 通過增加一口位置理想的生產井來提高Pulse的EOR計劃的效率；以及
- 從Nisku D池中的EOR計劃中大幅提高生產率和最終儲備金回收率。
Pulse Oil Corp CEO, Garth Johnson, commented, "We are really happy with the workover results and we expect this new oil and gas production to payback the roughly $575,000 in capital costs invested in approximately 45 days which is quicker than we anticipated when planning the program. The purpose of our recent financing and the resultant operational plan for 2024 is to increase near term production, cashflow and reserves that will continue to fund our Bigoray enhanced oil recovery project that we feel will materially increase ultimate reserve recovery at Bigoray while also enhancing the efficiency of increased production rates that we expect from the EOR. We anticipate the drilling of our new well that should spud in the next few days will continue to achieve our goals."
Pulse Oil Corp首席執行官加思·約翰遜評論說：“我們對修理結果非常滿意，我們預計這種新的石油和天然氣生產將在大約45天內償還投資的大約57.5萬美元的資本成本，這比我們在規劃該計劃時預期的要快。我們最近的融資和由此產生的2024年運營計劃的目的是增加短期產量、現金流和儲備，這將繼續爲我們的Bigoray增強石油開採項目提供資金，我們認爲這將大大提高Bigoray的最終儲量回收率，同時也提高我們對EOR的預期產量提高的效率。我們預計，將在未來幾天內挖出的新油井的鑽探將繼續實現我們的目標。”
About Pulse:
關於 Pulse：
Pulse is a Canadian company incorporated under the Business Corporations Act (Alberta) that is primarily focused on a 100% Working Interest Enhanced Oil Project Located in West Central Alberta, Canada. The project includes two established Nisku pinnacle reef reservoirs that have been producing sweet light crude oil for over 40 years.
Pulse 是一家加拿大公司，根據 《商業公司法》 （艾伯塔省），主要專注於位於加拿大艾伯塔省中西部的100％工作權益增強型石油項目。該項目包括兩個已建成的尼斯庫尖峯礁石水庫，這些水庫生產甜質輕質原油已有40多年。
The Company has instituted a proven recovery methodology (NGL solvent injection) to further enhance the ultimate oil recovery from these two proven pools. With under 10 million barrels of oil recovered to date, and representing approximately 30% recovery factor from the pools, Pulse is moving forward to execute the EOR project and unlock significant value for shareholders. Pulse's total reclamation liabilities are just $2.96 million which, when compared to many peers in the industry in Western Canada, are very low.
該公司已經建立了一種行之有效的回收方法（液化天然氣溶劑注入），以進一步提高這兩個經過驗證的油池的最終石油採收率。迄今爲止，Pulse已回收了不到1000萬桶石油，約佔油池回收率的30％，因此正在着手執行EOR項目，爲股東釋放可觀的價值。Pulse的總回收負債僅爲296萬美元，與加拿大西部的許多同行相比，這一數字非常低。
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所風險投資交易所及其監管服務提供商（該術語在多倫多證券交易所風險投資交易所的政策中定義）均不對本新聞稿的充分性或準確性承擔責任。
For further information contact:
欲了解更多信息，請聯繫：
Pulse Oil Corp.
脈衝石油公司
Garth Johnson
CEO
604-306-4421
garth@pulseoilcorp.com
加思·約翰遜
首席執行官
604-306-4421
garth@pulseoilcorp.com
Barrels of oil equivalent (boe) is calculated using the conversion factor of 6 mcf (thousand cubic feet) of natural gas being equivalent to one barrel of oil. Boes may be misleading, particularly if used in isolation. A boe conversion ratio of 6 mcf:1 bbl (barrel) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis.
桶石油當量（boe）是使用6立方英尺（千立方英尺）天然氣等於一桶石油的換算係數計算得出的。Boes 可能會產生誤導，特別是單獨使用時。6 mcf:1 bbl（桶）的京東方轉化率基於一種主要適用於燃燒器尖端的能量等效轉換方法，並不代表井口的等值值。鑑於基於當前原油價格的價值比率與天然氣相比的價值比率與 6:1 的能量當量有顯著差異，採用 6:1 的轉換。
Forward Looking Statements:
前瞻性陳述：
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In this news release, such statements include but are not limited to Pulse's operations, production rates, drilling program and its oil and gas resources. There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information.
本新聞稿包含適用的加拿大securities 立法所指的 “前瞻性信息”。除歷史事實陳述外，此處包含的所有陳述均爲前向的looking 信息。在本新聞稿中，此類聲明包括但不限於Pulse的業務、產量、鑽探計劃及其石油和天然氣資源。無法保證此類前瞻性looking 信息會被證明是準確的，實際結果和未來事件可能與此類前瞻性信息中預期的those 存在重大差異。
This forward-looking information reflects Pulse's current beliefs and is based on information currently available to Pulse and on assumptions Pulse believes are reasonable. These assumptions include, but are not limited to, 5-09 production rates, anticipated drilling results, conditions facing Pulse at the current time and in advancing and optimizing the Bigoray EOR project, conducting operations on time and on budget and growing reserves, resources, production, revenue and cash flow anticipated from these operations. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Pulse to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general business, commodity prices, economic, competitive, political and social uncertainties; general capital market conditions and market prices for securities; consistent production and cash flow from current operations, the actual results of future operations; competition; changes in legislation, including environmental legislation, affecting Pulse; the timing and availability of external financing on acceptable terms; and loss of key individuals. A description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in Pulse's disclosure documents on the SEDAR website at . Although Pulse has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the foregoing list of factors is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Pulse as of the date of this news release and, accordingly, is subject to change after such date. However, Pulse expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
這些前瞻性信息反映了Pulse 當前的信念，基於 Pulse 目前獲得的信息以及assumptions Pulse 認爲合理的信息。這些假設包括但不限於5-09的產量、預期的鑽探結果、Pulse當前面臨的狀況，以及推進和優化Bigoray EOR項目、按時按預算開展運營以及這些業務預期的儲量、資源、產量、收入和現金流的增長。前瞻性信息是指已知和未知風險、不確定性和其他因素的subject，這些因素可能導致Pulse的實際業績、activity 水平、業績或成就與此類前瞻性信息所表達的或implied 存在重大差異。此類風險和其他因素可能包括但不限於：一般business、大宗商品價格、經濟、競爭、政治和社會不確定性；總體資本市場狀況和市場價格for 證券；當前業務的持續生產和現金流、未來經營的實際業績；competition；立法變化，包括影響Pulse的環境立法；按可接受條件提供external 融資的時機和可用性；以及關鍵人物的流失。在 SEDAR 網站上的 Pulse 披露文件中可以找到be 中對可能導致實際業績與前瞻性信息存在重大差異的additional 風險因素的描述。儘管Pulse 試圖確定可能導致實際業績與前瞻性信息中包含的實際結果存在重大差異的重要因素from，但可能還有其他因素導致結果與預期的anticipated 不符。請讀者注意，上述因素清單並不詳盡。還提醒Readers 不要過分依賴前瞻性信息，因爲不可能有assurance 表明這些信息所依據的計劃、意圖或預期會發生。本警示聲明明確限制了本新聞稿中包含的前瞻性information。本新聞稿中包含的 forwar-looking 信息代表了Pulse截至本新聞稿of 之日的預期，因此，在此日期之後可能會發生變化。但是，除非適用的證券法明確要求，否則，Pulse 明確disclaims 有任何更新或修改任何前瞻性信息的意圖或義務，無論是結果of 新信息、未來事件還是其他信息。
譯文內容由第三人軟體翻譯。