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)

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Post by 2smart4u2on Jul 25, 2016 11:00am

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Post# 25081396

Surge Top New Well

Despite falling oil prices Surge's Valhalla Doig core area looks to be a big winner for years to come.

The Surge Energy Inc. (SGY-T) 16-7 Vahalla Doig well was the top new well by both

calendar and producing day rate, with a producing day rate of 2,058 bbl/d over eight

days onstream (see Exhibits 2 and 3). The company’s 15-6 Valhalla Doig well

maintained the top ranking 90-day IP and cumulative production rates among wells

placed onstream over the previous 12 months (see Exhibits 6 and

from Top Oil and Gas Report

Courtesy Paddler From IV Group energy investing
https://www.investorvillage.com/groups.asp?mb=19168&mn=40376&pt=msg&mid=16199283

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