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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  T.SGY.DB.B | ZPTAF

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, Greater Sawn and Shaunavon. 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 potential for continued area consolidation. The Valhalla operation is offering stacked pay multi-zone potential with light oil and provides range of area infrastructure and access to multiple egress options supports attractive operating netbacks. The Shaunavon operation is producing low decline, medium gravity crude oil with high operating netbacks. Its Greater Swan operation consists of concentrated light oil asset with conventional slave point reefs.


TSX:SGY - Post by User

Post by Carjackon Sep 21, 2023 7:32pm
116 Views
Post# 35648393

Chevron and Unions Agree on Deal to End Australia LNG Strike

Chevron and Unions Agree on Deal to End Australia LNG Strike

Chevron and Unions Agree on Deal to End Australia LNG Strikes

Chevron Corp. and labor unions reached an agreement to end strikes at key liquefied natural gas facilities in Australia that have roiled the global market for the fuel.

Workers have accepted a proposed settlement on pay and conditions put forward by the country’s labor regulator and will suspend industrial action, a union official said Friday. Chevron on Thursday confirmed it had accepted the proposal.

The decision effectively resolves a dispute that triggered industrial action from Sept. 8 at the Gorgon and Wheatstone facilities, which accounted for about 7% of global LNG supply last year. Union members at the Chevron sites had ramped up their initial wave of disruptions last week, beginning a series of 24-hour stoppages. 

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