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) > Keep in Mind

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Post by Countrin2tiveon May 05, 2022 8:28pm

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Post# 34660725

Keep in Mind

We are now close to halfway through Q2 with oil prices averaging an excess of $100. This report reflects things as they were a neat a month and a half ago. I am interested in the significance of this land purchase. If it enhances i.e. if there is oil, lots of it underneath... Fine! For the most part, there was no surprises in Q1, for me the fine print lies with this land purchase.

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