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 Sep 30, 2020 12:02am

174 Views

Post# 31640125

RE:RE:RE:Debt

Al42 wrote:
I recieved a response from IR to a question I had and thought
I would share...

Apologies for the delayed reply. We anticipate having an update for our shareholders on or before our Q3 release, scheduled for November 3^rd. Surge is continuing to evaluate all applicable government programs, as we focus on maximizing shareholder value from our long life, large OOIP asset base.

In the interim, we anticipate having our updated corporate presentation for the month of October posted to our website in the coming days.

Now we know the story behind this email. They will be requesting funding from the BDC for funding for next year's drill program, just as BNE has.
Kherson

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