Pulse Oil Corp. Announces Addition to the Board of Directors
06 Octobre 2022 - 1:30PM
Pulse Oil Corp., (“Pulse” or the "Company”) (TSXV: PUL) is pleased
to introduce Mr. Patrick Harrison as the Company's newest addition
to its Board of Directors.
Mr. Harrison is Pulse’s largest shareholder, holding
approximately 23% of the Company’s outstanding common shares as of
the date of this announcement. He has contributed to Pulse
significantly over the last four years to not only help Pulse
survive during the past two difficult years but to take significant
steps in Pulse’s plan to execute the Bigoray Enhanced Oil Recovery
(“EOR”) project, a project Pulse’s management believes will
increase reserves, production and cash flow significantly.
The Pulse team is appreciative of all the support Patrick has
offered us in the past and we are pleased to welcome Patrick to the
Pulse Board of Directors as we move forward. Patrick’s addition to
the Board adds significant business and finance expertise that will
serve to strengthen Pulse as we push forward with our business plan
to realize the benefits of the Bigoray EOR project over the coming
months and years.
About 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. The Company plans to institute 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 less than
$3 million which, when compared to many peers in the industry in
Western Canada, are very low.
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.
For further information contact:
Pulse Oil Corp.
Garth
JohnsonCEO604-306-4421garth@pulseoilcorp.com
Drew CadenheadPresident
604-909-1152drew@pulseoilcorp.com
Forward Looking Statements:
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 the
expectation that the Bigoray EOR project will significantly
increase reserves, production and cash flow. These statements
address future events and conditions and, as such, involve known
and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the statements. Such factors include,
without limitation, customary risks of the oil and gas industry.
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.
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