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Surge Energy Inc (Alberta) T.SGY

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

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, 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

Surge Energy Inc (Alberta) > Net Debt at $286M...$250 Target
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Comment by zinger99on Nov 02, 2023 6:57pm
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Post# 35714791

RE:RE:Net Debt at $286M...$250 Target

RE:RE:Net Debt at $286M...$250 TargetGreat quarter!! With half of Q4 already complete and WTI prices averaging well above Q3 average prices, we should be well on our way to a great Q4 and the next debt target!  We should also see better ave production in Q4 with any luck!! 
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