Surge Energy Inc (Alberta) T.SGY

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

Energy Oil & Gas E&P

Surge Energy Inc. is a Canada-based oil focused exploration and production (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with low recovery factors. It offers exposure to two of the five conventional oil growth plays in Canada: the Sparky and SE Saskatchewan. It holds a dominant land position and is drilling a mix of horizontal multi-frac and horizontal multi-lateral wells in the Sparky area. Sparky is a large, well established oil producing fairway in Western Canada. SE Saskatchewan is a focused operated asset base with light oil operating netbacks. SE Saskatchewan operates low-cost wells with short payouts and offers potential for continued area consolidation.

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Surge Energy Inc (Alberta)

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Post by puntabeachon Mar 14, 2013 4:00am

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Post# 21127849

Waterflood operations

terroir,

Good post about waterfllod. Things work fine for Surge which will be an acquisition target at $7-8 by this summer. CNRL is one of the big fish that drills in a very close proximity....PWT too.

Check also SCS (Second Wave Petroleum). It also initiated waterflood with CPG in early 2013, it will release 2P reserves by the end of March and it is grossly undervalued currently sitting on the oil rich beaverhill lake where Petrobakken also bought a stake recently.

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