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Surge Energy Inc (Alberta) T.SGY

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

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

Post by Carjackon Mar 14, 2024 4:25pm
78 Views
Post# 35933525

Power blackout hits Venezuela's Paraguana refining center, s

Power blackout hits Venezuela's Paraguana refining center, s

A power blackout forced Venezuela's largest refining complex, the 955,000-barrel-per-day (bpd) Paraguana Refining Center, to shut down on Thursday, five sources close to its operations said.

Power outages frequently hit Venezuela's aging refineries and oil terminals, suspending the OPEC country's crude processing and exports and causing domestic fuel scarcity.

"There was an electrical problem, which even left the city without power," one of the sources said.

Technicians from state company PDVSA, which operates the complex, were called to a meeting to coordinate action, another source said.

Crude processing from four distillation units at Paraguana, located on the country's west coast and essential for domestic fuel supply, was at about 200,000 bpd before the blackout, according to another source.

A smaller refinery, the 187,000-bpd Puerto la Cruz, remained in service on Thursday, while most plants at the 146,000-bpd El Palito are halted due to planned maintenance.

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