Pulse Oil Corp. 报告自供股结束以来 Pulse 的首次运营已完成。

修井更新：
公司很高兴地宣布，位于 Pulse 的 Bigoray Nisku E 矿池的 Pulse 100% 拥有的 5-09 井的修井和增产已经产生了新的石油和天然气产量。该油井已生产 14 天，截至本新闻稿发布之日，该油井每天生产约 200 桶石油，外加少量天然气。 Pulse 对这些结果感到满意，并将继续推进我们最近完成的配股使我们能够完成的 2024 年工作计划。

钻探更新：
Pulse 还很高兴地宣布，Pulse 100% 拥有的 Bigoray Nisku D 矿池内的钻探预计将于 2024 年 2 月 19 日开始。Pulse 打算在预计的时间内将该井钻探至总深度 2,686 米。十二天。

该井的钻探是为了实现多个目标。

钻探完成后增加近期产量和现金流；
通过添加位置理想的生产井来提高 Pulse 的 EOR 计划的效率；大幅
提高 Nisku D 池内 EOR 计划的生产率和最终储量采收率。

Pulse Oil Corp 首席执行官 Garth Johnson 评论道：“我们对修井结果非常满意，我们预计新的石油和天然气生产将在大约 45 天内收回投资的约 575,000 美元的资本成本，这比我们计划时的预期要快该程序。我们最近融资的目的以及由此产生的 2024 年运营计划是增加近期产量、现金流和储量，这将继续为我们的 Bigoray 提高石油采收率项目提供资金，我们认为该项目将大幅提高 Bigoray 的最终储量采收率，同时提高效率我们预计 EOR 会提高生产率。我们预计新井的钻探工作将在未来几天内开始，从而继续实现我们的目标。”

Pulse Oil Corp. reports the completion of Pulse’s first operation since the close of its Rights Offering.

Workover update:
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.

Drilling Update:
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.

The well is being drilled to accomplish a number of goals.

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.

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.”