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Surge Energy Inc T.SGY

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

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

Post by felix10on Feb 01, 2021 12:57pm
234 Views
Post# 32437556

Acquisition news

Acquisition newsThis doesn't seem to be getting any play at all:


BRIEF-Surge Energy America Announces Significant Midland Basin Acquisition
2021-01-31 10:05:49 AM ET (Reuters)
   
   

Jan 31 (Reuters) - Surge Energy Inc:

* SURGE ENERGY AMERICA ANNOUNCES SIGNIFICANT MIDLAND BASIN ACQUISITION

* SURGE ENERGY - CO, THROUGH ITS SUBSIDIARY, SIGNED PURCHASE & SALE AGREEMENT TO ACQUIRE LEASEHOLD INTEREST, PRODUCING WELLS FROM GRENADIER ENERGY PARTNERS II

* AGGREGATE PURCHASE PRICE OF TRANSACTION IS EXPECTED TO BE APPROXIMATELY $420 MILLION USD

* SURGE ENERGY - COMBINATION OF BOTH PRODUCTION & HIGH-QUALITY INVENTORY SUPPORT BOTH NEAR-TERM CASH FLOW & STRONG ECONOMIC RETURNS FOR YEARS TO COME Source text for Eikon: Further company coverage:

 
BRIEF-Surge Energy America Announces Significant Midland Basin Acquisition
2021-01-31 10:05:49 AM ET (Reuters)
 
 
Jan 31 (Reuters) - Surge Energy Inc:
 
* SURGE ENERGY AMERICA ANNOUNCES SIGNIFICANT MIDLAND BASIN ACQUISITION
 
* SURGE ENERGY - CO, THROUGH ITS SUBSIDIARY, SIGNED PURCHASE & SALE AGREEMENT TO ACQUIRE LEASEHOLD INTEREST, PRODUCING WELLS FROM GRENADIER ENERGY PARTNERS II
 
* AGGREGATE PURCHASE PRICE OF TRANSACTION IS EXPECTED TO BE APPROXIMATELY $420 MILLION USD
 
* SURGE ENERGY - COMBINATION OF BOTH PRODUCTION & HIGH-QUALITY INVENTORY SUPPORT BOTH NEAR-TERM CASH FLOW & STRONG ECONOMIC RETURNS FOR YEARS TO COME Source text for Eikon: Further company coverage:
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