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 PUNJABIon Apr 27, 2015 8:48am

270 Views

Post# 23666571

RE:RE:RE:TOG & SGY Halted

Looks like it. Both the companies are not naming the other party.

TORC Oil & Gas to buy Canadian oil assets for C$430 mln

APRIL 27

(Reuters) - Canadian oil and gas producer TORC Oil & Gas Ltd said it would buy oil producing assets in southeast Saskatchewan and Manitoba for C$430 million ($354 million) in cash.

The assets have production capacity of 4,750 barrels of oil equivalent per day, including 98 percent light oil and liquids, the company said in a statement on Monday. ($1 = C$1.2148 Canadian dollars) (Reporting by Shubhankar Chakravorty in Bengaluru; Editing bySavio D'Souza)

Bullboard Posts

BCG-Unresponsive Non-Muscle Invasive Bladder Cancer Carcinoma-In-Situ: A Patient's Guide