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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
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(10)
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Post by splurgeon Jan 07, 2015 9:07pm
364 Views
Post# 23296570

Sustainability Ratio

Sustainability RatioWhat is sustainability ratio?  
Not payout is it? If it is that is low 65% but that is using $58  .. not bad.


Wonder how much they spent Q4 ... $32 or less.

Wow only 3.8 wells in first half...

Impressive Q4 adds perhaps near 2000 b/d before declines and excluding the waterfloods wells.

How do you get 35% net crude oil production locled in over $100 per bbl since the financials show 4750 b/d?  I would have thought 26.4%.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities