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) > How much Debt does Surge Energy have now?

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Comment by Chris007on Mar 05, 2021 4:22pm

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Post# 32731151

RE:How much Debt does Surge Energy have now?

At the end of Q3, bank debt was 296,055,000 and there was also 70,536,000 in convertible debs.

who knows how much of the bank debt they managed to pay down in Q4...we'll receive more info on this with the year end results

That being said, today's asset sale announcement is a pretty substantial development in regard to the company's deleveraging efforts.

Tanman1914 wrote:
Does anyone know what Surge Energy total debt is now?

I have a hard time understanding all of the credit facility mambo jumbo that they have if anyone doesn't mind explaining it to me in easy terms please.

Thanks,

Tanman