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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

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

Bullboard Posts
Post by rustycaton Dec 28, 2015 11:45am
199 Views
Post# 24414853

Just when things look darkest, someone lights a candle

Just when things look darkest, someone lights a candle
It happens to me a Yemeni Candle, but, nevertheless....a welcome welcome star in the East for the Wise Men in the Patch to contemplate...

Saudi air defense systems shot down another ballistic missile fired from Yemen that was aimed at oil installations in the southern part of Saudi Arabia. The missile was aimed at the Saudi Aramco oil compound in Jizan. This was the sixth ballistic missile fired toward Saudi oil facilities in the last week. If the Yemen rebels ever successfully hit a Saudi oil facility, we could see oil prices back over $60 within days
Bullboard Posts