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Surge Energy Inc (Alberta) T.SGY

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

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

Bullboard Posts
Comment by seasonedinvestor48on Apr 17, 2014 12:16pm
394 Views
Post# 22463608

RE:$7 - Congrats to ALL

RE:$7 - Congrats to ALL
7 is the beginning, wait until he gives revised forcase in June, colborne is being very conservative,  in the news release on april 8, they announce upped 2014 productin average to 16850 before longview acquisition and a exit production including longview of 21350. During q4, lonview was doing 5800 a day, 21350 - 16850 does not equal 5800. Colborne is being very conservative, a great thing for shareholders. I will be excited when it breaks 8.50 and looking for more upside after that.
Bullboard Posts