Pulse Seismic Secures $10 Million Seismic Data Licensing Deal

Pulse Seismic ( (TSE:PSD) ) has shared an update.

Pulse Seismic Inc. announced a significant $10.0 million seismic data licensing agreement for 3D seismic data in West Central Alberta, reflecting the strategic importance of its extensive data library for energy exploration and development in Western Canada. The company reported a preliminary licensing revenue of $21.7 million since October 2024 and expects a total of $23.4 million for 2024. For 2025, including the recent deal, total licensing revenue has reached $16.1 million. In 2024, Pulse returned $9.5 million to shareholders through dividends and buybacks, demonstrating a commitment to shareholder value. The company anticipates releasing its 2024 annual and fourth quarter financial results on February 13, 2025, and remains focused on maintaining a strong balance sheet and low-cost structure.

More about Pulse Seismic

Pulse Seismic Inc. is a leading company in the acquisition, marketing, and licensing of 2D and 3D seismic data, catering primarily to the western Canadian energy sector. The company owns Canada’s largest licensable seismic data library, extensively covering the Western Canada Sedimentary Basin, a crucial area for oil and natural gas exploration and development.

YTD Price Performance: 5.58%

Average Trading Volume: 10,425

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$125.1M

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