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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) > Paul Colbourne vs Nuttall...whos right on Quality of Assets
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Comment by PreludeSHon Mar 10, 2022 8:30pm
415 Views
Post# 34505093

RE:RE:Paul Colbourne vs Nuttall...whos right on Quality of Assets

RE:RE:Paul Colbourne vs Nuttall...whos right on Quality of Assetsahh...thanks zach50!

quote=zack50]
PreludeSH wrote: Im confused...Paul Colborne says Surge as industry leading assets: conventional, low risk reseviors, while Eric Nuttall says surge has Tier 3 assets.

Can any knowledgeable oil bug explain who's more right?

Thanks in advance!


PreludeSH... EN did not say that Surge has Tier 3 assets... his actual reference was as follows:

The upside to Surge is that in their Sparky play, they are utilizing the same technological tweaks used in the Clearwater zone to try and improve productivity and thus the economics of the play. They are also sitting on a couple of wells that if successful, the upside is that they will take crappy Tier 3 inventory on the fringes and improve the economics of those wells by improving well producivity rate.

Hope this sheds some light on the matter... Cheers!



[/quote]

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