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 (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with low recovery factors. It offers exposure to two of the five conventional oil growth plays in Canada: the Sparky and SE Saskatchewan. It holds a dominant land position and is drilling a mix of horizontal multi-frac and horizontal multi-lateral wells in the Sparky area. Sparky is a large, well established oil producing fairway in Western Canada. SE Saskatchewan is a focused operated asset base with light oil operating netbacks. SE Saskatchewan operates low-cost wells with short payouts and offers potential for continued area consolidation.

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Surge Energy Inc (Alberta) > IS ASTRA NOW ABLE TO SELL THEIR SHARES ON THE OPEN MARKET.?

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Comment by Basil3575on Aug 20, 2021 10:43am

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Post# 33739508

RE:IS ASTRA NOW ABLE TO SELL THEIR SHARES ON THE OPEN MARKET.?

Forgive me but now you really show your ignorance. Why would Astra sell their shares and take a 50 million dollar hit when they could have refused to close the deal and pay a 4 million dollar penalty? Astra knows that the combined companies are going to be very profitable.

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