Shares of Pulse Seismic Inc (OTCMKTS:PLSDF) have been moving within a narrow range over the past few sessions. The stock has lost 10% in a month.
Trading Data
On Monday, PLSDF stock ended flat at $1.72 with more than 3.9k shares, compared to its average volume of 5.05k shares. The stock has moved within a range of $1.7210 – 1.7210 after opening trade at $1.72.
Pulse Seismic Inc. Provides 2021 Sales Update and Announces Addition of Director of Geoscience
Market leader in the acquisition, marketing, and licensing of 2D and 3D seismic data to the western Canadian energy sector, Pulse Seismic Inc (OTCMKTS:PLSDF), on December 13, 2021, confirmed finishing of $17.0 million seismic data licensing contract signed and announced in May 2021.
Meant for 3D seismic data in the rich fairway in the west shale basin, the license is having multi-zone potential in Central Alberta.
The firm delivered $7.3 million of seismic data, with the remaining data to be taken by the customer before April 15, 2022. The remaining data given to the customer resulted in the recognition of an extra $9.7 million of seismic data sales revenue in 2021.
Neal Coleman, President, and CEO of Pulse expressed delight in fulfilling the contract in the current, which would lead to the company achieving the second-highest level of annual seismic data library sales revenue. Coleman said that including the current contract, the data library sales in quarter four are about $14.1 million, leading to year-to-date data library sales of $46.6 million.
The company also confirmed the appointment of MantuSihota, P.Geoph to the position of Director, Geoscience effective January 1, 2022.
Neal Coleman said that Mantu brings more than 27 years of experience in geoscience in the Western Canadian Sedimentary Basin having a proven track record of success in business development and technical leadership roles.
