Pulse Oil Corp. Announces Timing For Resumption of Trading

Core Viewpoint - Pulse Oil Corp. has received approval from the TSX Venture Exchange for the reinstatement of its common shares trading, following the revocation of a cease trade order by the British Columbia Securities Commission [1] Financial Position - As of December 31, 2024, the company reported a working capital deficit of $55,880 and is actively seeking funding opportunities to address this deficit [2] - The company anticipates being able to resolve the deficit in the coming weeks and plans to resume injection in the Bigoray Enhanced Oil Recovery Program [2] Operational Updates - CEO Garth Johnson expressed optimism about the resumption of trading and the continuation of the Bigoray Enhanced Oil Recovery program, with updates on funding opportunities and operations expected soon [3] - The company has implemented a proven recovery methodology, NGL solvent injection, to enhance oil recovery from its two established Nisku pinnacle reef reservoirs [8] Project Details - The Bigoray Enhanced Oil Recovery Project has a current recovery factor of approximately 30%, with under 10 million barrels of oil recovered to date [8] - The company's total reclamation liabilities are reported to be $3.1 million, which is considered low compared to many peers in the Western Canadian industry [8] Company Background - Pulse Oil Corp. is a Canadian company focused on a 100% working interest in the Enhanced Oil Recovery Project located in West Central Alberta, Canada, which has been producing sweet light crude oil for over 40 years [7]