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.

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Surge Energy Inc (Alberta)

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Comment by darniton Aug 21, 2015 11:59am

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Post# 24040092

RE:RE:RE:RE:Interesting # 11 Macquarie bought a few shares too

Right now, with the damage that has been done to the World's resource based countries, demand has been kicked in the teeth. Even if OPEC slowed production down, and I don't think they would get agreement, as a majority of the OPEC countries are desperate for the cash flow to keep their citizens from overthrowing their gov'ts, the World's demand for Oil will take a lot longer than we all wish to rebound.

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