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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 Herfa1on May 05, 2022 7:47pm
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Post# 34660640

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?Sorry Masfortuna if I am not happy. I have been here over 5 years. I stiked with it because Paul was going to take action so banks would not forced him to sell asset to repay them. In 2020, bank debt, term debt and debenture totaled 365M as of december 31, 2020. He was forced to sell asset and as of Dec. 31 2021 those 3 totaled 305M. They are still totaling 305M as of March 31 2022. I am positive after his recent speech that analyst were expecting a reduced of those three items. That's my take.
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