Pulse Oil Corp. (TSE:PUL) has released an update.
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Pulse Oil Corp. reports significant progress with its first new drilling operation since 2019, achieving higher than expected production rates, and witnessing early success in its Enhanced Oil Recovery (EOR) program. The company’s innovative EOR technique has improved oil quality and extraction efficiency, and there are plans to expand production by reactivating additional wells. This development is set to boost Pulse’s near-term production and cash flow, while also demonstrating the effectiveness of its EOR strategy.
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