Pulse Oil Corp. announced today that Pulse has purchased a Bigoray-specific 3D seismic data set covering 2,916 acres (11.8 sq km's) encompassing Pulse's Nisku Reefs, the focus of Pulse's active Enhanced Oil Recovery ("EOR") program.
This 3D seismic data set is critical for asset optimisation and will become a critical component of the contract awarded recently to Schlumberger Canada Limited to complete all three phases of the Company's petrotechnical modelling of the Bigoray Nisku D and E Pools, prior to physical implementation of the EOR schemes.
Pulse's President and COO, Drew Cadenhead, commented, "Making this acquisition of existing 3D seismic, rather than acquiring new seismic, will result in substantial savings and, as previously mentioned, will allow Pulse to make the right parametric decisions in our EOR program. This is critical to maximizing the value of this project for our shareholders, making sure we have done all we can to ensure successful long-term maximum recovery of the proven oil in place within our Nisku oil pools."
