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Pulse Oil Hits TD Ahead of Schedule at Latest Exploration Well

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   |    Wednesday,January 02,2019

Pulse Oil Corp. reached total depth at its second exploration well, PUL HZ QUEENSTN 12-9-19-21 W4, reached a total measured depth, as planned, of 2957m (TVD 1389m), including 1237m of lateral section.

This second Pulse well took just seven days to complete drilling operations, well ahead of the forecasted drilling curve and budget.

The 12-9 well was Pulse’s second well successfully targeting a new 3-D seismic interpretation intended to focus on the highest porosity / permeability lithic deposits within the Mannville channel trend in the Queenstown area of Southern Alberta.

Wellsite drill cuttings examination estimated that over 94% of the lateral section was comprised of good to very good reservoir rock, with porosities estimated up to 18% and averaging over 12%. High gas readings and visible oil staining were encountered throughout the entire lateral section. The Nabors #28 drilling rig was immediately released and multi-stage frac operations were completed on both wells as planned December 28th-29th.

The wells are expected to be completed and tested in January with new production established immediately in 1st Quarter 2019.



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