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Surge Energy Inc T.SGY

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

Energy Oil & Gas E&P
Surge Energy Inc. is an 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. The Company’s operations include Sparky, SE Saskatchewan, Greater Sawn, Valhalla and Shaunavon. The Sparky operation offers light/medium crude oil production with compelling returns. The SE Saskatchewan operation maintains asset base oil operating netbacks. Its development consists of low-cost wells with short payouts and SE Saskatchewan provides 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.


TSX:SGY - Post by User

Surge Energy Inc
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Post by 1Derrickon Apr 28, 2015 7:08am
274 Views
Post# 23670607

Surge in $354 Million Oil-Rich Assets Sale to TORC

Surge in $354 Million Oil-Rich Assets Sale to TORCTORC Oil & Gas acquired light oil assets from Surge Energy in the Canadian Bakken region of south-east Saskatchewan and Manitoba for C$430 million (US$354 million) in cash.

More on1derrick.com/surge-in-354-m...
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