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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) > How much Debt does Surge Energy have now?
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Comment by pppon Mar 06, 2021 7:01pm
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Post# 32737321

RE:RE:RE:RE:How much Debt does Surge Energy have now?

RE:RE:RE:RE:How much Debt does Surge Energy have now?That 39 mil capex was for the 1st half not the first quarter. So IMO Cf for Q1 and Q2 should cover the 39 mil Capex. The company stated that all money will be going against debt.

Proceeds from the sale will have a significant immediate, positive impact on the company, reducing Surge's bank indebtedness by over $100-million, and generating annual interest expense savings of approximately $10-million.
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