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.

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Surge Energy Inc (Alberta)

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Comment by Khersonon May 21, 2020 10:41am

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Post# 31055950

RE:Corridor Resources (Headwater) Corporate Presentation

Kherson wrote: Current Market Dynamics Provide Acquistion Opportunties
The energy sector has been under multiple years of pressure with almost no capital or liquidity; this pressure has created a large number of opportunities for well capitalized operators
Pursue oil weighted acquisitions with modest decline rates, attractive economics, and a leading environmental and abandonment footprint
Ensure abandonment and reclamation dealt with on a continuous basis

If the above acquistion criteria does not describe Surge, what does?
Kherson