Forward Looking Disclaimer

This website may contain information that constitutes “forward-looking information” or “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities legislation. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “forecast”, “target”, “project”, “guidance”, “may”, “will”, “should”, “could”, “estimate”, “predict” or similar words suggesting future outcomes or language suggesting an outlook.

This forward-looking information may include, among other things, statements regarding:

  • The outlook of the Company for the year ahead, including future operating costs and expected revenues;
  • Recent events on the political, economic, regulatory, public health and legal fronts affecting the industry’s medium- to longer-term prospects, including progression and completion of contemplated pipeline projects;
  • The Company’s capital resources and sufficiency thereof to finance future operations, meet its obligations associated with financial liabilities and carry out the necessary capital expenditures through the coming year;
  • Pulse’s capital allocation strategy;
  • Pulse’s dividend policy;
  • Oil and natural gas prices and forecast trends;
  • Oil and natural gas drilling activity and land sales activity;
  • Oil and natural gas company capital budgets;
  • Future demand for seismic data;
  • Future seismic data sales;
  • Pulse’s business and growth strategy; and
  • Other expectations, beliefs, plans, goals, objectives, assumptions, information and statements about possible future events, conditions, results, and performance, as they relate to the Company or to the oil and natural gas industry as a whole.

By its very nature, forward-looking information involves inherent risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections, and other forward-looking statements will not be achieved. Pulse does not publish specific financial goals or otherwise provide guidance, due to the inherently poor visibility of seismic revenue. Pulse cautions readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward-looking information. These factors include, but are not limited to:

  • Uncertainty of the timing and volume of data sales from the recently acquired seismic data library, which was partially funded with long-term debt;
  • Volatility of oil and natural gas prices;
  • Risks associated with the oil and natural gas industry in general;
  • The Company’s ability to access external sources of debt and equity capital;
  • Credit, liquidity and commodity price risks;
  • The demand for seismic data;
  • The pricing of data library licence sales;
  • Cybersecurity;
  • Relicensing (change-of-control) fees and partner copy sales;
  • Environmental, health and safety risks, including those related to the COVID-19 pandemic;
  • Federal and provincial government laws and regulations, including those pertaining to taxation, royalty rates, environmental protection, public health and safety;
  • Competition;
  • Dependence on key management, operations and marketing personnel;
  • The loss of seismic data;
  • Protection of intellectual property rights;
  • The introduction of new products; and
  • Climate change.

Pulse cautions that the foregoing list of factors that may affect future results is not exhaustive. Additional information on these risks and other factors which could affect the Company’s operations and financial results is included under “Risk Factors” herein, under “Risk Factors” in the Company’s most recent annual information form, and in the Company’s most recent audited annual financial statements, management information circular, quarterly reports, material change reports and news releases. Copies of the Company’s public filings are available on SEDAR at www.sedar.com.

When relying on forward-looking information to make decisions with respect to Pulse, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The forward-looking information on this website is provided for the limited purpose of enabling current and potential investors to evaluate an investment in Pulse. Users are cautioned that such forward-looking information may not be appropriate, and should not be used, for other purposes.