Sector: Energy | Industry: Oil & Gas Exploration and Production |
Company Contact | |
Address: | Suite 500, 666 Burrard Street, Null VANCOUVER BC V6C 3P6 |
Tel: | N/A |
Website: | https://pulseoilcorp.com |
IR: | See website |
Key People | ||
Garth Johnson Chief Executive Officer, Corporate Secretary, Director | Aaron Patrick Doyle Chief Financial Officer | Darren Lehne Chief Operating Officer |
Business Overview |
Pulse Oil Corp. is a Canada-based oil and gas exploration company. The Company is primarily focused on a 100% working interest enhanced oil project located in West Central Alberta, Canada. The project includes two Nisku pinnacle reef reservoirs that have been producing sweet light crude oil for over 40 years. The Company's 100% owned and operated Bigoray Assets consist of proved and probable reserves of approximately 5,468,600 barrels of oil equivalent (BOE) and covers approximately 3,909 net acres of land. The Company also operates and has a 100% interest in Queenstown Assets, which consists of approximately 242,500 BOE and consists of 4,781 net acres of land. Its wholly owned subsidiary is Pulse Oil Operating Corp. |
Financial Overview |
For the nine months ended 30 September 2023, Pulse Oil Corp revenues decreased 50% to C$2.3M. Net loss totaled C$33K vs. income of C$1.7M. Revenues reflect Oil and gas sales decrease of 49% to C$2.5M, Other income decrease from C$39K to C$0K. Net loss reflects Director and management fees increase from C$98K to C$225K (expense), Depletion increase of 13% to C$984K (expense), Accounting and legal increase from C$11K (income) to C$44K (expense). |
Employees: | 2 as of Dec 31, 2022 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $23.76M as of Sep 30, 2023 |
Annual revenue (TTM): | $3.36M as of Sep 30, 2023 |
EBITDA (TTM): | $1.11M as of Sep 30, 2023 |
Net annual income (TTM): | -$0.17M as of Sep 30, 2023 |
Free cash flow (TTM): | -$7.15M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 519,554,714 as of Sep 30, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |