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Pulse Oil Corp. Secures $2.25M for Bigoray EOR Project

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Pulse Oil Corp. Secures $2.25M for Bigoray EOR Project

Confident Investing Starts Here:

Pulse Oil Corp. ( (TSE:PUL) ) has provided an announcement.

Pulse Oil Corp. has secured $2,250,000 through loan facility agreements with related parties to fund its Bigoray EOR project’s solvent injection program. This funding is crucial for advancing the project, especially with current low solvent prices, and aims to improve the company’s financial position amid serious financial difficulties. The initiative is expected to enhance oil production from the Nisku D and E Pools, following successful pilot results, positioning the company for a strong fiscal year in 2025.

Spark’s Take on TSE:PUL Stock

According to Spark, TipRanks’ AI Analyst, TSE:PUL is a Neutral.

Pulse Oil Corp. receives a score of 51, reflecting significant challenges in financial performance and valuation. While the company has a strong equity position with no debt, it struggles with profitability and cash flow management. The bearish technical indicators and negative P/E ratio further weigh down the overall score. Improvements in operational efficiency and cash generation are necessary for future growth.

To see Spark’s full report on TSE:PUL stock, click here.

More about Pulse Oil Corp.

Pulse Oil Corp. operates in the oil and gas industry, focusing on enhanced oil recovery projects. The company is primarily involved in the production of sweet light crude oil and is working on the Bigoray EOR project to increase oil production through solvent injection.

Average Trading Volume: 129,781

Technical Sentiment Signal: Sell

Current Market Cap: C$6.23M

Learn more about PUL stock on TipRanks’ Stock Analysis page.

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