Pulse Oil Corp. Announces Change in Chief Operating Officers
September 01 2022 - 6:30AM
Pulse Oil Corp., (“Pulse” or the "Company”) (TSXV: PUL) announced
that Darren Lehne has accepted an appointment to become Pulse’s
Chief Operating Officer effective immediately, subject only to
standard regulatory approval and upon receipt of Drew Cadenhead’s
resignation. Pulse is happy to announce that Drew will remain as
the Company’s President and as a Director.
Darren Lehne has over 35-years of experience in
the upstream oil and gas industry focussed on operations,
regulatory compliance with a focus on his top priority being
environmental and safety relating to the oil and gas industry.
Darren has worked for over 15 years with Pulse’s executive team,
including since Pulse’s inception in 2015 and prior, when Pulse’s
President and CEO were executives at TAG Oil Ltd. Pulse feels this
is a positive change to its management structure as Darren has to
this date, and continuing forward will be Pulse’s primary
operational executive on the ground leading up to and throughout
the Bigoray EOR project.
About Pulse
Pulse is a Canadian company incorporated under
the Business Corporations Act (Alberta) that is primarily focused
on a 100% Working Interest Enhanced Oil 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 Company plans to institute a proven
recovery methodology (NGL 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% recovery factor from the pools, Pulse is moving
forward to execute the EOR project and unlock significant value for
shareholders. Pulse’s total reclamation liabilities are less than
$3 million which, when compared to many peers in the industry in
Western Canada, are very low.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
For further information contact:
Pulse Oil Corp.
Garth
JohnsonCEO604-306-4421garth@pulseoilcorp.com
Drew CadenheadPresident
604-909-1152drew@pulseoilcorp.com
Forward Looking Statements:
This news release contains “forward-looking
information” within the meaning of applicable Canadian securities
legislation. All statements, other than statements of historical
fact, included herein are forward-looking information. In this
news release, such statements include but are not limited to the
appointment of Darren Lehne as Chief Operating Officer of Pulse.
Forward-looking information contained in this news release is
expressly qualified by this cautionary statement. The
forward-looking information contained in this news release
represents the expectations of Pulse as of the date of this news
release and, accordingly, is subject to change after such date.
However, Pulse expressly disclaims any intention or obligation to
update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, except as
expressly required by applicable securities law.
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