Pursuant to the Facility Agreements, the original Loan amounts of $2,250,000 were previously received by Pulse and invested directly into solvent for injection into the Nisku D oil pool; the additional $2,000,000 will be made available in future drawdowns as agreed between Pulse and the Lenders primarily to continue to fund the Bigoray EOR project's solvent injection program. The Facility Agreements provide that the principal bears interest at the rate of 15% per annum (the "Interest Rate"), compounded monthly, with fixed partial interest payments being made on a quarterly basis, with the next payment becoming due on December 31, 2025 in the amount of $10,000 with the remaining interest and Principal being repayable on the earlier of June 9, 2026 or the date which is one week after the completion of any new debt or equity financing undertaken by Pulse, unless agreed otherwise in writing between Pulse and the Lenders.
EOR Progress
Pulse has been injecting approximately 75 m3 of solvent per day into the 100% owned Nisku "D" pool consistently since June 9, 2025 (approximately 11,012 m3) and a total of 23,034 m3 since the EOR project began. Production at Pulse's Bigoray facility has increased by just over 20% in response to the EOR flood to date. Pulse expects the production rates to continue to improve as the solvent bank grows and sweeps through the Nisku D pool. Additionally, Pulse has been monitoring various technical indicators of ...
