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CALGARY, Nov. 21, 2018 /CNW/ – Pulse Oil Corp. (“Pulse” or the “Company”) (TSX-V: PUL and PUL.WT) reported today the Company has recently received the highest oil price per barrel for its Bigoray crude oil since the Company acquired its first oil and gas interest in October 2016. Pulse’s most recent sales of crude oil the past two months, and accounting for 93% of the Company’s liquid production, received CDN$79.23 per barrel and CDN$80.29 per barrel , respectively, for its light/medium 38 0 API oil produced into the 100% Pulse-owned pipeline infrastructure. Recently, some of Canada’s news services have quoted Western Canada Select (“WCS”) prices, in addition to West Texas Intermediate (“WTI”) quotes. These WCS price quotes represent a heavy blended crude oil, composed mostly of bitumen blended with sweet synthetic and condensate diluents and existing streams of both conventional and unconventional Alberta heavy crude oils. The WCS price quote does not represent oil prices related to the average light-medium conventional crude oil produced at Pulse’s Bigoray operations. Pulse President and COO Drew Cadenhead noted; “While restricted pipeline access within Canada has a negative impact on the heavy oil price (WCS) differential in Alberta, conventional light-medium grade crude oil […]
