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.