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Financings

Pulse Oil Corp. Announces Amendments to Facility Agreements and Updates EOR Progress

By The Northwire Desk — AI Analysis Dec 01, 2025 · 07:30 PUL · 0.015 Pulse Oil Corp.
PUL · Price

Executive Summary

  • Pulse Oil Corp. amended its two loan Facility Agreements, increasing total borrowing capacity from $2.25 M to $4.25 M and extending maturity to June 9 2026 (with possible six‑month extensions).
  • The additional $2 M of financing will fund continued solvent injection for the Bigoray EOR project in the Nisku D pool.
  • Early operational results show a >20% production increase at the Bigoray facility and significant API gravity improvements, indicating successful miscibility of injected solvent.

Key Details

  • Loan Increase: Aggregate principal raised to $4,250,000 (up $2,000,000).
  • Interest Rate: 15% per annum, compounded monthly; quarterly partial interest payments ($10,000 due Dec 31 2025).
  • Maturity: Original maturity revised to June 9 2026; optional six‑month extension if both parties agree.
  • Use of Proceeds: Additional drawdowns will primarily fund the Bigoray Enhanced Oil Recovery (EOR) project’s solvent injection program.
  • Current Solvent Injection: ~75 m³/day since June 9 2025 → 11,012 m³ to date; total 23,034 m³ injected since project start.
  • Production Impact: Bigoray facility production up >20% due to EOR flood.
  • API Gravity Trends:
  • Well 12‑04 (furthest from injection): API ↑ from 40.3 → 41.1.
  • Well 15‑04‑051‑09W5 (closest to injection): API ↑ from 41.5 (June 2025) → 52.6 (Nov 2025).
  • CEO Quote: Garth Johnson highlighted that the extra funding enables continued solvent injection at low prices and cited positive EOR results, noting nine million barrels already produced from Nisku D & E pools on primary/water flood production.
  • Forward‑Looking Statements: Company cautions that actual results may differ materially due to commodity price volatility, financing availability, regulatory changes, etc.

Notable Quotes

“This additional funding allows us to continue to advance the solvent injection phase of our Bigoray EOR project… The EOR project is beginning to show positive results within our Nisku D pool.” – Garth Johnson, CEO, Pulse Oil Corp.

Read the original news release →