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)

Bullboard Posts

Comment by Khersonon Apr 26, 2019 7:13am

141 Views

Post# 29673230

RE:RE:RE:Energy Summary April 18 Surge Energy

Kherson wrote:

Kadiddelhopper wrote: So, then JOG Capital is still sitting on 50 miilion Surge shares from a position of some 70 million last Fall...does that mean the Surge share-price will remain under pressure for the rest of the Year then as the Jog position is liquidated somewhat...as has been the case these last 4 to 5 months? Is below the 10% thresh-hold a desirable target from their present level of 15.8% ( 48.9 million)?

Myself , holding approx 80K shares, and concerned about the ongoing pressure on the low share valuation currently.

If JOG did indeed sell 20 million shares of Surge since last fall, where are the Early Warning Reports that must be filed on SEDAR?
Kherson