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.

TSX:SGY - Post by User

Surge Energy Inc (Alberta)

Bullboard Posts

Comment by terroiron Apr 17, 2013 11:58am

181 Views

Post# 21265618

RE: RE: RE: RE: Market Call top pick

Don't discount OPEC, the Saudi's need $100 oil and will take action to ensure prices do not drop far below.

As for $85 WTI, most price books supporting 2013 CAPEX have $85 WTI as a base price, on top of which Surge has hedged 53% of oil production at WTI $93.43 CDN

Bullboard Posts

Rig Count Soars as Utilization Surpasses Industry Averages