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 Ohmsfordon Nov 09, 2015 9:48pm

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Post# 24275505

RE:RE:RE:RE:Q3 2015 Brief Highlights

Both of these items should be positive news moving forward.

If you take the 25 cents per share they've already paid out in 2015, and take out the nearly 70 cents per share they've written off in impairment in 2015, and look at that, you' be at 27 cents per share income already in a rotten year.

I look forward to the continued dividend, and I'm glad to see the reduction.

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