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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
Comment by 2smart4u2on Jan 14, 2018 6:36pm
169 Views
Post# 27354789

RE:RE:Email to Company about $7 BILLION NOTE ISSUE

RE:RE:Email to Company about $7 BILLION NOTE ISSUEIt's another holdings company in the states based in Houston, Texas but of the same name.


NEW YORKJan. 12, 2018 /PRNewswire/ -- Moss Creek Resources Holdings, Inc. (the "Company"), a wholly owned subsidiary of Surge Energy US Holdings Company, announced today that it has priced $700.0 million in aggregate principal amount of its 7.500% senior notes due 2026 (the "Notes") in a private offering (the "Offering") that is exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). The Offering is expected to close on January 18, 2018, subject to customary closing conditions.
Bullboard Posts