Surge Energy Inc (Alberta) T.SGY

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

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.

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Surge Energy Inc (Alberta)

Bullboard Posts

Post by counterintuitive247on Feb 05, 2013 5:58pm

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Post# 20942927

Internally Estimated Reserves

Anyone make anything out of their Jan 2013 Corp presenation page 35 ?

I know this is an internal estimate of reserves but how does it compare to last years ? Is this close to last years + / - ? I pulled last years release (March 1, 2012) and im really not educated in breaking these things down and thought I'd turn to the board for some sort of direction

Guessing Surge will be releasing their reserves audit shortly (Mid Feb - 1st week of March) If anyone has a more hard date that be great.

The Value as we all know has deteriated substantially and I really would like some more hard evidence before cost averaging my shares down.

Thanks.

Bullboard Posts

Gold begins to flow at Endeavour's Lafigué mine in Côte d'Ivoire