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.

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Surge Energy Inc (Alberta) > 2022 CAPITAL AND OPERATING BUDGET

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Comment by pppon Jan 17, 2022 11:30am

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Post# 34324534

RE:RE:RE:RE:RE:RE:RE:RE:2022 CAPITAL AND OPERATING BUDGET

Here is what they have 2 loans one for 130 mil one for 150 mil. Debentures 71 mil. In the last bank loan update they are maxed out the 130 and have 100 mil drawn on the 150 leaving 50 mil . for a total of 230mil plus debentures works out to just over 300 mil. Means they must have paid down debt in Q4

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