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) > flat production

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Comment by Herfa1on May 03, 2023 10:26pm

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Post# 35429086

RE:RE:RE:flat production

They did an acquisition for 169M + 3M share in december. Normal that the debt increased compared to March 2022 but it is down 20M since december 2022. Share increase is normal with the acquisition. If oil would have not go down that much Surge could have reduced debt for another 10M. I think we woll be ok and it all depends on the fluctuation of oil price.

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