Article content material
CALGARY, Alberta, Nov. 03, 2023 (GLOBE NEWSWIRE) — Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Firm”) is happy to announce the signing of a $7.7 million seismic knowledge licensing gross sales contract.
The sale introduced right this moment brings 2023 year-to-date seismic knowledge library gross sales to $30.7 million, a 328% enhance over full 12 months 2022 seismic knowledge library gross sales.
Article content material
This vital knowledge licensing settlement builds upon the Firm’s rising year-over-year knowledge gross sales, and additional improves its sturdy monetary place. Pulse operates with a really lean price construction and has low capital necessities. Important gross sales comparable to this, produces materials incremental free cashflow to Pulse.
Article content material
At present, Pulse pays a daily quarterly dividend, representing an annualized dividend of $0.055 per share. Moreover, within the third quarter of 2023, Pulse paid a particular dividend of $0.15 per share. The Firm additionally makes use of a traditional course issuer bid to buy its shares on the TSX and has purchased and cancelled 979,206 shares thus far in 2023. The worth of capital returned to shareholders thus far in 2023 by each dividends and share buybacks approximates $12.0 million.
Important quarterly and annual fluctuations in knowledge gross sales are intrinsic to the seismic knowledge library enterprise. The Firm stays centered on sustaining a powerful steadiness sheet, a low-cost construction and offering wonderful buyer care.
CORPORATE PROFILE
Pulse is a market chief within the acquisition, advertising and marketing and licensing of 2D and 3D seismic knowledge to the western Canadian power sector. Pulse owns the most important licensable seismic knowledge library in Canada, at the moment consisting of roughly 65,310 sq. kilometres of 3D seismic and 829,207 kilometres of 2D seismic. The library extensively covers the Western Canada Sedimentary Basin the place most of Canada’s oil and pure fuel exploration and improvement happen.
For additional data, please contact:
Neal Coleman, President and CEO
Or
Pamela Wicks, VP Finance and CFO
Tel.: 403-237-5559
Toll-free: 1-877-460-5559
E-mail: information@pulseseismic.com.
Please go to our web site at www.pulseseismic.com
PDF accessible: http://ml.globenewswire.com/Useful resource/Obtain/c4b41025-55d7-43b7-9cb4-2c8dd8d71944
Share this text in your social community
