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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 7:51pm
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Post# 32737432

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

RE:RE:RE:RE:RE:How much Debt does Surge Energy have now?They also stated they spent 9 mil for drilling in Q4, So they would have had more than enough CF to cover that. So based on that, after the sale debt will be 270 mil. Add to that FCF for 21 of about 30 mil. based on 55 mil Capex and 80 to 90 mil CF. So exit 21 debt should be 230 to 240 mil. These guys went from zeroes to heroes.
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