Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s): ZPTAF | T.SGY.DB.B

Energy Oil & Gas E&P

Surge Energy Inc. is a Canada-based oil focused exploration and production company. The Company’s business consists of the exploration, development and production of oil and gas from properties in western Canada. Its operations include Sparky and SE Saskatchewan. Its supporting assets include Valhalla, and Greater Sawn. The Sparky operation offers light/medium crude oil production with compelling returns. The SE Saskatchewan operation maintains asset base oil operating netbacks. It has low-cost wells with short payouts and the potential for continued area consolidation. The Valhalla operation offers a stacked pay multi-zone potential with light oil and provides a range of area infrastructure and access to multiple egress options supports attractive operating netbacks. Its Greater Swan operation consists of concentrated light oil assets with conventional slave point reefs.

TSX:SGY - Post by User

Surge Energy Inc (Alberta)

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Post by Roberto8024on Jan 09, 2013 6:33pm

536 Views

Post# 20817705

Eric Nuttall on BNN

Eric had a call about SGY and mentioned he would not buy it and would be careful. He said the Balance sheet is poor and they are not going to be able to maintain production guidance from last year due to "flush" rates for the wells they have currently in production.

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