Reported Earnings • May 05
Full year 2025 earnings released: CA$0.003 loss per share (vs CA$0.007 loss in FY 2024) Full year 2025 results: CA$0.003 loss per share (improved from CA$0.007 loss in FY 2024). Revenue: CA$2.98m (down 36% from FY 2024). Net loss: CA$2.16m (loss narrowed 50% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Reported Earnings • Dec 03
Third quarter 2025 earnings released: EPS: CA$0 (vs CA$0 in 3Q 2024) Third quarter 2025 results: EPS: CA$0 (in line with 3Q 2024). Revenue: CA$761.1k (down 31% from 3Q 2024). Net loss: CA$158.8k (down 229% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Board Change • Nov 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Patrick Harrison was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 22
Pulse Oil Corp., Annual General Meeting, Dec 19, 2025 Pulse Oil Corp., Annual General Meeting, Dec 19, 2025. Location: british columbia, vancouver Canada New Risk • Aug 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$339k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$339k free cash flow). Share price has been highly volatile over the past 3 months (53% average weekly change). Earnings have declined by 4.1% per year over the past 5 years. Market cap is less than US$10m (CA$12.5m market cap, or US$9.08m). Minor Risk Revenue is less than US$5m (CA$3.7m revenue, or US$2.7m). Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CA$0 (vs CA$0.001 in 2Q 2024) Second quarter 2025 results: EPS: CA$0 (down from CA$0.001 in 2Q 2024). Revenue: CA$756.0k (down 50% from 2Q 2024). Net loss: CA$147.7k (down 130% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 04
First quarter 2025 earnings released: EPS: CA$0 (vs CA$0 in 1Q 2024) First quarter 2025 results: EPS: CA$0 (in line with 1Q 2024). Revenue: CA$780.9k (down 27% from 1Q 2024). Net loss: CA$49.3k (down 122% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Reported Earnings • Dec 01
Third quarter 2024 earnings released: EPS: CA$0 (vs CA$0 in 3Q 2023) Third quarter 2024 results: EPS: CA$0 (in line with 3Q 2023). Revenue: CA$1.11m (up 50% from 3Q 2023). Net income: CA$122.7k (up CA$116.8k from 3Q 2023). Profit margin: 11% (up from 0.8% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. New Risk • Oct 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.5m (US$9.00m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). Market cap is less than US$10m (CA$12.5m market cap, or US$9.00m). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (CA$4.0m revenue, or US$2.9m). Aankondiging • Oct 04
Pulse Oil Corp. Announces Resignation of Drew Cadenhead as Board of Director Pulse Oil Corp. announced that Mr. Drew Cadenhead has tendered his resignation from the Board of Directors. Drew is a founding shareholder, director, and a former executive of Pulse Oil. After helping to fund the start-up of Pulse Oil, he was critical to business growth in 2015 while Pulse searched for attractive opportunities. He was instrumental through the acquisition and development of a number of opportunities, including primary current focus, the Bigoray EOR program in Alberta. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CA$0.001 (vs CA$0 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.001 (up from CA$0 in 2Q 2023). Revenue: CA$1.51m (up 123% from 2Q 2023). Net income: CA$490.4k (up CA$564.8k from 2Q 2023). Profit margin: 33% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Aankondiging • Jul 30
Pulse Oil Corp., Annual General Meeting, Sep 27, 2024 Pulse Oil Corp., Annual General Meeting, Sep 27, 2024. Location: british columbia, vancouver Canada New Risk • Jul 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.5m (US$9.05m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Market cap is less than US$10m (CA$12.5m market cap, or US$9.05m). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (CA$3.1m revenue, or US$2.3m). Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: CA$0 (vs CA$0 in 1Q 2023) First quarter 2024 results: EPS: CA$0 (in line with 1Q 2023). Revenue: CA$1.06m (up 16% from 1Q 2023). Net income: CA$226.0k (up CA$190.7k from 1Q 2023). Profit margin: 21% (up from 3.9% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Aankondiging • May 31
Pulse Oil Corp. Announces Retirement of Dr. Douglas Ellenor from the Board of Directors Pulse Oil Corp. announced that effective May 29, 2024, Dr. Douglas Ellenor has tendered his resignation from the Board of Directors of the company. Reported Earnings • May 01
Full year 2023 earnings released: CA$0.003 loss per share (vs CA$0.004 profit in FY 2022) Full year 2023 results: CA$0.003 loss per share (down from CA$0.004 profit in FY 2022). Revenue: CA$2.98m (down 48% from FY 2022). Net loss: CA$1.70m (down 207% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 17
Pulse Oil Corp. Reports the Completion of it’s First New Drilling Operation Since 2019 Pulse Oil Corp. reported the completion of Pulse’s first new drilling operation since 2019. The company announced that the drilling, and subsequent completion of Pulse’s 100% owned 103/15-04 well, located in Pulse’s Bigoray Nisku D pool has resulted in production rates over the last seven days averaging 162 boe/d, consisting of 151 barrels of oil per day and 63 mcf/d of gas. The well was drilled over 11 days to a depth of 2,639 meters and was done so on budget. The completion targeted the upper portion of the Nisku D reef to take advantage of the progress achieved through the Enhanced Oil Recovery (EOR) program that Pulse initiated in December 2022. In the EOR process, Pulse is injecting solvent into the upper portion of the D pool, creating a bank of solvent that will be pushed through the reef. The injected solvent then becomes miscible with the oil, thereby decreasing the viscosity of the oil and allowing oil to be produced that was not moveable in earlier development within the D pool. The well was targeted to be ideally located within the Nisku D pool to improve the efficiency of the EOR program while also growing oil and gas production immediately. Pulse is also happy to announce that early indications are that the EOR solvent flood has started to move through the D pool and is showing results more efficiently than originally estimated. After independent lab analysis of the oil and gas being produced from its new well, Pulse is happy to report that the results of the testing have shown that the API gravity of the produced oil has improved from approximately 36 to 42 due to the miscibility of solvent with the oil within the pool. In addition, independent analysis of the gas produced has shown that approximately 10% of the gas is injected solvent from the EOR program while the remainder is natural gas and other forms of gas routinely produced. The sweep efficiency of the oil that the company has seeing early on has resulted in a change in the oil-water cut from approximately 97% water in the Company’s existing production to approximately 54% in the new well. Pulse is currently evaluating additional wells within the pool that will be able to take advantage of the improved efficiency and plans to re-start another two existing wells to grow production as the solvent sweeps through the D pool. As previously announced, the well will assist the Company in accomplishing certain goals: Grow near-term production, which is currently at 382 BOE/d, (76% oil) and improve cashflow moving forward. Demonstrate the success of Pulse’s EOR program and assist in moving the program forward by continuing to find additional efficiencies. Materially increase production rates and ultimate reserve recovery within the Nisku D Pool. Aankondiging • Feb 16
Pulse Oil Corp. Announces Operational Results and Imminent Start of Drilling Pulse Oil Corp. reported the completion of Pulse’s first operation since the close of its Rights Offering. Workover update: The Company announced that the workover and stimulation of Pulse’s 100% owned 5-09 well, located in Pulse’s Bigoray Nisku E pool has resulted in new oil and gas production. The well has been producing for fourteen days and as of the date of this news release, the well is producing approximately 200 barrels of oil per day plus a small amount of natural gas. Pulse is happy with these results and will continue to advance the company's 2024 work program that the company's recently completed Rights Offering has allowed the company to do. Drilling Update: Pulse announced that drilling within Pulse’s 100% owned Bigoray Nisku D pool is anticipated to begin on February 19, 2024. Pulse intends to drill the well to a total depth of 2,686 meters over an anticipated timeline of twelve days. The well is being drilled to accomplish a number of goals. Grow near-term production and cashflow upon completion of drilling; and Increase the efficiency of Pulse’s EOR program by adding an ideally located production well in which to produce from; and Materially increase production rates and ultimate reserve recovery from the EOR program within the Nisku D pool. New Risk • Jan 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (18% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Revenue is less than US$5m (CA$3.4m revenue, or US$2.5m). Market cap is less than US$100m (CA$24.9m market cap, or US$18.5m). Aankondiging • Jan 23
Pulse Oil Corp. has completed a Follow-on Equity Offering in the amount of CAD 4.156438 million. Pulse Oil Corp. has completed a Follow-on Equity Offering in the amount of CAD 4.156438 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 103,910,942
Price\Range: CAD 0.04
Transaction Features: Rights Offering Aankondiging • Dec 08
Pulse Oil Corp. has filed a Follow-on Equity Offering in the amount of CAD 4.156438 million. Pulse Oil Corp. has filed a Follow-on Equity Offering in the amount of CAD 4.156438 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 103,910,942
Price\Range: CAD 0.04
Transaction Features: Rights Offering Reported Earnings • Dec 01
Third quarter 2023 earnings released: EPS: CA$0 (vs CA$0.001 in 3Q 2022) Third quarter 2023 results: EPS: CA$0 (down from CA$0.001 in 3Q 2022). Revenue: CA$736.2k (down 53% from 3Q 2022). Net income: CA$5.9k (down 98% from 3Q 2022). Profit margin: 0.8% (down from 21% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 01
Second quarter 2023 earnings released: EPS: CA$0 (vs CA$0.001 in 2Q 2022) Second quarter 2023 results: EPS: CA$0 (down from CA$0.001 in 2Q 2022). Revenue: CA$676.8k (down 55% from 2Q 2022). Net loss: CA$74.4k (down 113% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 02
First quarter 2023 earnings released: EPS: CA$0 (vs CA$0.003 in 1Q 2022) First quarter 2023 results: EPS: CA$0 (down from CA$0.003 in 1Q 2022). Revenue: CA$914.8k (down 43% from 1Q 2022). Net income: CA$35.3k (down 96% from 1Q 2022). Profit margin: 3.9% (down from 51% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Aankondiging • May 16
Pulse Oil Corp., Annual General Meeting, Jul 14, 2023 Pulse Oil Corp., Annual General Meeting, Jul 14, 2023. Reported Earnings • May 03
Full year 2022 earnings released: EPS: CA$0.004 (vs CA$0.003 in FY 2021) Full year 2022 results: EPS: CA$0.004 (up from CA$0.003 in FY 2021). Revenue: CA$5.73m (up 85% from FY 2021). Net income: CA$1.58m (up 92% from FY 2021). Profit margin: 28% (up from 27% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Aankondiging • Dec 10
Pulse Oil Corp. Announces EOR Injection Now Underway Pulse Oil Corp. announced that the company has continued to advance operations in its primary asset, the Bigoray Enhanced Oil Recovery Project. The company announced that it has safely completed all on-site construction, solvent storage, commissioning, regulatory approvals and has now started injecting solvent into its Nisku D Pinnacle Reef, the first of two reefs owned 100% by Pulse, located in the Bigoray area of Alberta, Canada. Pulse's EOR program is designed similarly to other successful Enhanced Oil Recovery ("EOR") projects completed in the nearby area, however using the newest technology and a full-field modelling characterization study completed by world leading independent experts. Pulse's Nisku-D pool EOR program is designed with the goal to increase reserves, production and cashflow significantly in 2023, allowing Pulse to further fund the EOR injection in Pulse's 100% owned 2(nd) reservoirs in the area (Nisku E- pool), providing further increases to reserves, production and cashflow over the coming years. Aankondiging • Dec 06
Pulse Oil Corp. Announces AER Approval for Bigoray EOR Pulse Oil Corp. announced that the Company has received Final Approval from the Alberta Energy Regulator to move forward with the Company’s Bigoray Enhanced Oil Recovery project, located in Alberta. Pulse is also happy to announce that the final facility construction and commissioning operations are completed at Bigoray with the solvent injection about to be initiated into Pulse’s two Nisku Pinnacle Reefs. At the time of this announcement, Pulse estimates that solvent injection will start on or about December 7, 2022. Reported Earnings • Dec 02
Third quarter 2022 earnings released: EPS: CA$0.001 (vs CA$0 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.001 (up from CA$0 in 3Q 2021). Revenue: CA$1.56m (up 74% from 3Q 2021). Net income: CA$322.7k (up CA$294.6k from 3Q 2021). Profit margin: 21% (up from 3.1% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 01
Pulse Oil Corp. Announces Significant EOR Progress Pulse Oil Corp. announced that the Company has recently completed a number of critical steps to move forward with the Company’s Enhanced Oil Recovery (“EOR”) project in the Bigoray area of Alberta, Canada. The Company has agreed to terms and secured a solvent supply, one of the last remaining commercial project paths before actual injection can begin. Pulse has also secured an agreement for oil and gas sales for the EOR project with more details of these advancements provided below.EOR Operational Advancements: Pulse has secured a solvent supply to begin injecting into the first of two reservoirs (Nisku D) estimated to start in November 2022 with a large mid-stream company (the “Solvent Supplier”). The contracted amount of solvent is for the period December 2022 through to March 31, 2023 for up to 6,000 m3 per month of solvent (approximately 38,000 barrels). Going forward after March 31, 2023, Pulse has the option to lock-in a minimum of 6,000m3/d of solvent supply on an annual basis or increase the overall volumes to initiate injection into Pulse’s second reservoir (Nisku E) at that time. Pulse has secured an agreement with a second large mid-stream company to construct and operate a Lease Automatic Custody Unit (“LACT”) on Pulse’s behalf. This facility expansion will tie-in the mid-streamers facilities with Pulse’s existing pipelines to measure all oil and gas volumes produced from Pulse’s properties at Bigoray. The project will provide the mechanisms to transfer custody to the buyer of Pulse’s oil and gas from the Bigoray EOR project. Pulse has filed the necessary applications with the Alberta Energy Regulator (AER) to approve of the Bigoray EOR project and injection well. It is anticipated that approval will be granted in November 2022. Pulse has completed consultation with affected First Nations as part of the approval to expand operational area to safely and efficiently accommodate the extra facility and trucking requirements associated with the EOR project. The project has recently been completed and the site is ready for installation of the remaining facility infrastructure. Pulse has commissioned a third party pump manufacturer to build a fit for purpose injection skid to satisfy the company’s requirements to complete the injection of solvent for the EOR project. The pump is to be delivered in October with an estimated in service date of November 2022. EOR Technical UpdatesIn May of 2019, Pulse released the results of a three-phase independent viability analysis by one of the world leading providers of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The purpose of the study was to seek third-party confirmation that Pulse’s two 100% operated Nisku Pinnacle Reefreservoirs were viable candidates to initiate a solvent flood EOR scheme, similar to the fifty surrounding pools where successful solvent floods have already been initiated. A summary of the results follows: The three geo-technical phases of the EOR study, were the first ever utilising 3-dimensional seismic data on the Nisku D & E pinnacle reefs. The reservoir simulation conducted as part of the EOR study included over 200 separate computer iterations of historical production, adjusting the geo-model after every iteration to ensure the model was as accurate as possible based on historical production and modern 3-D interpretations, before beginning the solvent flood forecast. The detailed simulation allowed the team to model the most effective positioning of solvent injectors, optimum compositions, pressures and rates of injected fluids and optimum production take-points to maximize ultimate recovery from these established pools. The go-forward simulation under the EOR program resulted in a peak estimated Nisku D-Pool production rate of approximately 2,000 barrels of oil/day, with peak production, including Nisku E production increasing to approximately 3,000 barrels of oil/d. Although the independent study was commissioned by Pulse to focus only on the feasibility and forecast of oil production within Pulse’s Nisku D & E pinnacle reefs, Pulse’s management team also expects to see similar amounts of gas production on a BOE basis from gas breakout as oil flows to the surface. Given recent increases in natural gas prices in Alberta, the gas could become as important commercially as the oil recovered at Bigoray. This production simulation was prepared, at Pulse’s request, to assume initiation of the solvent injection into the two reservoirs was staggered by 12-18 months. Beginning with the Nisku D Pool, and then following with the Nisku E Pool allows the Company to preserve working capital and begin generating cash flow during the initial years of the program. Pulse, subject to having sufficient working capital, can accelerate this schedule to initiate the E Pool EOR program at any time in conjunction with the D pool. The simultaneous implementation of both pools results in peak forecast rates of approximately 5,000 barrels/day. Importantly, the estimate for Discovered Petroleum Initially-In-Place (“DPIIP”) as part of the newly interpreted geo-model was calculated at 33.5 million barrels of oil, which is 26% higher than the DPIIP volume calculated by the Alberta Energy Regulator (“AER”) of 26.5 MM barrels. The estimated total oil recovery factor can be doubled from the currently recovered approximately 35% to at least 70% of PIIP. The estimated incremental oil reserves from the Nisku D and E EOR program could range from 9.28 million barrels to as high as 11.73 million barrels. Aankondiging • Oct 07
Pulse Oil Corp. Appoints Patrick Harrison to the Board of Directors Pulse Oil Corp. introduced Mr. Patrick Harrison as the Company's newest addition to its Board of Directors. Mr. Harrison is Pulse’s larger shareholder, holding approximately 23% of the Company’s outstanding common shares as of the date of this announcement. He has contributed to Pulse significantly over the last four years to not only help Pulse survive during the past two difficult years but to take significant steps in Pulse’s plan to execute the Bigoray Enhanced Oil Recovery (“EOR”) project. Aankondiging • Sep 02
Pulse Oil Corp. Announces Change in Chief Operating Officers Pulse Oil Corp. 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. Reported Earnings • Aug 30
Second quarter 2022 earnings released: EPS: CA$0.001 (vs CA$0.001 loss in 2Q 2021) Second quarter 2022 results: EPS: CA$0.001 (up from CA$0.001 loss in 2Q 2021). Revenue: CA$1.50m (up 200% from 2Q 2021). Net income: CA$574.5k (up CA$732.4k from 2Q 2021). Profit margin: 38% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 01
First quarter 2022 earnings released: EPS: CA$0.003 (vs CA$0.002 in 1Q 2021) First quarter 2022 results: EPS: CA$0.003 (up from CA$0.002 in 1Q 2021). Revenue: CA$1.61m (up 351% from 1Q 2021). Net income: CA$819.9k (up 254% from 1Q 2021). Profit margin: 51% (down from 65% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Aankondiging • May 18
Pulse Oil Corp. announced that it has received CAD 10.706 million in funding On May 17, 2022, Pulse Oil Corp closed the transaction. The common shares and warrants issued in the offering are subject to a statutory hold period in Canada expiring on September 17, 2022 as well as a TSXV hold period expiring on the same date. Reported Earnings • May 03
Full year 2021 earnings released: EPS: CA$0.003 (vs CA$0.021 loss in FY 2020) Full year 2021 results: EPS: CA$0.003 (up from CA$0.021 loss in FY 2020). Revenue: CA$3.14m (up 225% from FY 2020). Net income: CA$823.1k (up CA$4.00m from FY 2020). Profit margin: 26% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Daniel Bolstad was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Feb 19
Pulse Oil Corp., Annual General Meeting, Apr 21, 2022 Pulse Oil Corp., Annual General Meeting, Apr 21, 2022. Aankondiging • Feb 18
Pulse Oil Corp. announced that it expects to receive CAD 12.5 million in funding Pulse Oil Corp. announced a private placement of 250,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 12,500,000 on February 17, 2022. Each unit consists of one common share and one common share purchase warrant. Each warrant can be exercised to acquire one common share at a price of CAD 0.065 per share for a period of one year from the date of closing. The transaction is subject to certain customary conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The securities are being subject to four months hold and one day period. Arms-length finder’s fees may be payable to brokerage firms in connection with the Offering. In addition, it is expected that a new control person will be created as a result of the transaction, pursuant to the policies of the TSX Venture Exchange, will require shareholder approval. The transaction is expected to close in second quarter of 2022. The securities issued to insiders will also be subject to a TSX Venture Exchange hold period of the same length. Board Change • Jan 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Daniel Bolstad was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 02
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Revenue: CA$894.8k (up 220% from 3Q 2020). Net income: CA$28.1k (up CA$244.7k from 3Q 2020). Profit margin: 3.1% (up from net loss in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 30 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 01
Second quarter 2021 earnings released: CA$0.001 loss per share (vs CA$0.003 loss in 2Q 2020) Second quarter 2021 results: Net loss: CA$157.9k (loss narrowed 60% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 24 percentage points per year, which is a significant difference in performance. Aankondiging • Jul 20
Pulse Oil Corp. Provides Operational Update Pulse Oil Corp. announced that Pulse’s reactivation program is continuing to advance using cash flow from operations. Pulse’s 15-04 well, located in the Bigoray area, is progressing on time and on budget. The 15-04 well uses an electrical submersible pump (“ESP”) to lift its oil and as part of operations the ESP has been removed and sent to a third party to be inspected and serviced in advance of restarting production. Pulse expects the ESP to be run back into the well next week, with production operations starting immediately following to Pulse’s 100% owned production facility. Aankondiging • Jun 23
Pulse Oil Corp. Provides Production Update Pulse Oil Corp. announced that Pulse’s Bigoray 12-04 well has been producing for 7 days through to Pulse’s 100% owned, Bigoray production facility and has produced an average of approximately 120 barrels of oil per day during that time. Including this new production, Pulse has produced an average of approximately 330 BOE/D of oil and gas production over the past 7 days and Pulse’s team is working to reactivate more oil wells at Bigoray in the near future. Aankondiging • Jun 15
Pulse Oil Corp. Completes 100% Owned, Bigoray Production and Water Injection Facility Pulse Oil Corp. announced that Pulse has completed its 100% owned, Bigoray production and water injection facility, and reactivated an additional oil well, which is aligning well with the sharp increase in commodity prices. In addition to reactivating immediate production from idle wells in the Bigoray area, these facilities will also provide critical infrastructure to Pulse’s upcoming EOR implementation. Currently, Pulse has two Bigoray wells and four Queenstown wells that produced an average of 225 BOE/D of oil and gas production over Pulse’s first quarter of 2021. As part of Pulse’s “build back better” program, Pulse completed its own oil processing and water injection facility, including separators, water injection pumps, sufficient oil tankage and road work. Pulse has recently reactivated one more Bigoray oil well that is currently being produced to the new facility and Pulse is completing its reactivation plan to maximize financial and operational synergies related to three more oil wells to be reactivated, all of which are 100% owned by Pulse. Updates to Pulse’s production rates will follow in coming days and weeks as applicable. Reported Earnings • Jun 03
First quarter 2021 earnings released First quarter 2021 results: Net income: CA$231.5k (up CA$765.4k from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Reported Earnings • May 03
Full year 2020 earnings released Full year 2020 results: Net loss: CA$3.18m (loss widened 2.4% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. Aankondiging • Apr 29
Pulse Oil Corp. Provides Operations Update Pulse Oil Corp. announced that Pulse has been busy working on reactivating previously shut-in wells at its Queenstown and Bigoray properties, supported by stronger commodity prices over recent months, and creditor and shareholder arrangements. Bigoray: During the summer of 2020, a third party owned production facility Pulse was sending its Bigoray oil and gas production to, closed its doors. As part of its reactivation program and rights issue, Pulse has approved an operational plan to build its own oil processing and water injection facility, including separators, water injection/disposal, sufficient oil tankage and road work, allowing Pulse to reactivate three oil and gas wells in Q2/Q3, and, subject to Board approval and sufficient or additional cash reserves, another two Bigoray well reactivations later in the year. Aankondiging • Dec 15
Pulse Oil Corp., Annual General Meeting, Feb 12, 2021 Pulse Oil Corp., Annual General Meeting, Feb 12, 2021. Reported Earnings • Dec 03
Third quarter 2020 earnings released: CA$0.001 loss per share Third quarter 2020 results: Net loss: CA$216.6k (loss narrowed 14% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has fallen by 60% per year, which means it is performing significantly worse than earnings. 