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PULSE OIL OPERATIONS

The Pulse Team is excited to be reactivating wells and growing cash flow from this 100% owned oil and gas asset, in preparation for the next step, funding and carrying out Pulse’s Enhanced Oil Recovery (“EOR”) program.

BIGORAY

BIGORAY | IMPLEMENTING PROVEN TECHNOLOGY

50+ isolated reservoirs in Pembina / Bigoray trend, average 1-2km across, 100m thick, 38º API


Schlumberger’s geotechnical modelling concludes Pulse’s Nisku D and E pools are technically analogous to surrounding offset pools:

DPIIP of 33,519 mbbl estimated by Schlumberger

28% recovery factor (9.4 million bbls of light and medium oil) produced to date on water flood alone, consistent with waterflood recovery of analogous area pools

82% recovery factor (18 million additional bbls of contingent resources defined as light and medium oil): average of 7 pools within 15-mile radius of Pulse’s two pools after miscible floods

With the support of Pulse’s independent third party analysis and modelling results, previously news released, Pulse feels that with adequate funding, we can increase production by large multiples of Pulse’s current production through a low-risk and proven EOR program.


Bigoray Area Recovery Factor (RF) Mapping

Analogous pools have an average productive life of ~40 years and an average recovery factor of 82% after implementation of solvent flood EOR projects(1)


Please refer to Disclaimer – PulseOil (pulseoilcorp.com) to read our Forward looking statements and resource estimate definitions.

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