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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 2smart4u2on Jun 06, 2017 2:41pm
251 Views
Post# 26331231

Alberta top Wells

Alberta top WellsCourtesy sculpin2 Group Energy Board IV


Top Alberta wells from Altacorp... 


E&P.Update; 
Thomas Matthews, P.Eng., CFA.403-539-8621, Nicholas Lupick, CFA.403-539-8592, Patrick J. O'Rourke, CFA.403-539-8615 

Top AB Well Results for April 

· April Top Well Results: VII takes the top spot with its 106/9-9 Montney well at Kakwa producing 108.9 mbbls of liquids in April (3,630 bbl/d). VII also took second place with its 103/9-9 Montney well producing 66.8 mbbls in the month (3,339 bbl/d on 480 hours). VII took 13 of the top 15 spots with its Montney wells. The remaining 2 spots on the top list were filled by SGY with its 14-31 Doig well at Valhalla producing 18.4 mbbls in the month (881 bbl/d), and YGR’s 1-34 Cardium well producing 17.8 mbbls (775 bbl/d), both of which came on in April. For gas, TOU’s 9-29 Notikewin well at Sundance takes the top spot this month producing 582 mmcf in April (19.5 mmcf/d). NVA, Jupiter, Modern Resources, and CNQ rounded out the list. 

All of the wells above Surge were gas wells by Seven Generations, it seems Valhalla is still chugging along.

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