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

Post by camper244on May 31, 2013 12:17pm

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Post# 21467206

TID BUY OF THE YEAR

WALTER DAWSON HAS BOUGHT AND SOLD MORE THAN 2 SUCCESSFUL COMPANYS TUSCANY INTERNATIONAL DRILLING CURRENTLY HAS A BOOK VALUE OF $1.1O AND AS OF MARCH 3RD 2013 TOTTAL ASSETS EQUAL MORE THAN 675 MILLION DOLLARS utilization rates went from 65% in q1 to over 85% utilizationin 3 country"s that tid is involved in demands exceeds supply folks if this doesnt sound like a stock just waiting to soar i dont know what is good luck to all investors:)>

Bullboard Posts

Rig Count Soars as Utilization Surpasses Industry Averages