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Pulse Oil Corp
Symbol PUL
Shares Issued 623,465,656
Close 2026-11-06 C$ 0.01
Market Cap C$ 6,234,657
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Pulse Oil temporarily suspends injection into D pool

2026-11-06 16:30 ET - News Release

Mr. Garth Johnson reports

PULSE OIL CORP. ANNOUNCES UPCOMING OPERATIONS

Pulse Oil Corp. is beginning a series of operations, financed by Pulse's existing working capital, with a goal to increase production and cash flow.

The operations are focused on Pulse's 100-per-cent-owned Bigoray assets within the Nisku E pool. Pulse has focused most of its efforts over the past several years on the Nisku D pool and has seen promising results of its enhanced oil recovery injection program, leading the company to witness the start of increased production due to the EOR program. The company suspended injection temporarily due to the amount of working capital the company had and the rising cost of solvent each month, associated with international markets. With the planned program, Pulse has a goal to get the company to a point where its cash flow can finance solvent acquisition for injection into the D pool on a long-term basis and then move on to finance the EOR program in the E pool.

Under the planned E pool program expected to be complete this year, Pulse intends to reactivate a previously producing oil well and place it on production, equip another suspended Pulse well to become a water injection well that will take produced water from the D pool and inject it into the E pool to provide pressure support. This E pool program will benefit Pulse in two ways. First, it will build pressure support in the E pool, which Pulse anticipates will increase production in the two E pool wells Pulse will have on production, and secondly, the pressure build we expect from water injection will prepare the E pool for eventual solvent flooding as planned once the D pool solvent injection is complete. This is important as the company cannot inject solvent into the E pool until pressures are sufficiently high enough to allow for the injected solvent to become miscible with the oil in place in the pool.

Finally, Pulse will install approximately 1,900 metres of pipeline to connect the D and E pool infrastructure to deliver produced water to the E pool for injection and for produced oil emulsion to go to Pulse's production facility. Pulse recently received Alberta Energy Regulator approval to initiate this pipeline work in the coming weeks. Once started, the pipeline installation will take approximately 20 days to complete.

Pulse chief executive officer Garth Johnson stated: "We have been working diligently to prepare a well thought out operational program with an acceptable risk profile that can help Pulse get to a point where we can fund our D pool EOR program long term using cash flow from added production gains. We plan to get this work done before year-end and with a goal to restart solvent injection in D pool after having experienced encouraging results when we injected consistently earlier in the year."

About Pulse Oil Corp.

Pulse is a Canadian company incorporated under the Business Corporations Act (Alberta) that is primarily focused on a 100-per-cent working interest in the EOR 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 corporation has instituted a proven recovery methodology (natural gas liquids 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-per-cent recovery factor from the pools, Pulse is moving forward to execute the EOR project and unlock significant value for shareholders. Pulse's total asset retirement obligations are just $2.9-million, which, when compared with many peers in the industry in Western Canada, are very low.

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