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 Windyhillon May 21, 2015 9:59am

249 Views

Post# 23748810

RE:re: re: looking forward to a possible divi increase

Soundandfury,
Looks like the market feels the same way you do this morning.......... Go Surge !

Remember,

Surge's Upper Shaunavon discovery is now more than 12 miles long, and more than seven miles wide, with average net pay estimated at more than six meters. Surge now estimates that the play has over 250 million barrels of net original oil in place (OOIP¹), and over 200 (net) development drilling locations. This exciting discovery is a shallow, low risk, conventional sandstone reservoir located in a proven 2 billion barrel OOIP corridor, comprising the largest Upper Shaunavon fields in Saskatchewan history.

Please do you due dillegence or seek professional advise from a qualified investment professional.

WindyHill

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