Pulse Oil Corp. Announces Change of Auditor
20 June 2023 - 9:00AM
Pulse Oil Corp., (“Pulse” or the "Company”) (TSX-V: PUL) announces
that management has changed its auditor from Manning Elliott LLP
(“Manning Elliott”) to MNP LLP (“MNP”) located in Calgary, Alberta,
effective as at June 6, 2023. The change in auditor is at the
request of the Company and has been approved by the Company's board
of directors and its audit committee.
There have been no reservations or modified
opinions in the reports of Manning Elliott on the Company’s
financial statements relating to the period during which Manning
Elliott was the Company’s auditor nor have there been any
reportable events for disagreements or consultations or any
unresolved issues (as those terms are defined in NI 51-102).
In compliance with applicable regulatory
requirements the appointment of the Company’s new auditors will be
brought before the next shareholders meeting on July 14, 2023.
MNP LLP is a full-service, accounting and
business advisory firm in Canada which is suitable for Pulse as the
Company continues forward with its Bigoray Enhanced Oil Recovery
program. Pulse would also like to thank Manning Elliott for their
service over the past years with Pulse.
About Pulse
Pulse is a Canadian company incorporated under
the Business Corporations Act (Alberta) that is primarily focused
on a 100% Working Interest Enhanced Oil Project Located in West
Central Alberta, Canada. The project includes two established Nisku
pinnacle reef reservoirs that have been producing sweet light crude
oil for over 40 years. The Company plans to institute a proven
recovery methodology (NGL solvent injection) to further enhance the
ultimate oil recovery from these two proven pools. With under 10
million barrels of oil recovered to date, and representing
approximately 30% recovery factor from the pools, Pulse is moving
forward to execute the EOR project and unlock significant value for
shareholders. Pulse’s total reclamation liabilities are less than
$3 million which, when compared to many peers in the industry in
Western Canada, are very low.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
For further information contact:
Pulse Oil Corp.
Garth Johnson CEO 604-306-4421 garth@pulseoilcorp.com
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