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)

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Comment by sollmgon Oct 16, 2020 7:12pm

189 Views

Post# 31732995

RE:RE:Guess who took a call on Sgy

someday2 wrote: Lets say he is right.

Any guesses as to the MAX we get for the whole company?

Right now.

REASONS TO OWN SURGE – TSX: SGY Value based with a strong focus on conventional reservoirs Focus on high quality conventional, large OOIP(1), light/medium gravity crude oil reservoirs; A dominant position in the medium/light oil Sparky fairway – a premier conventional Canadian oil play. Maintains a stable production base with 86% oil & NGL’s and a low corporate decline rate of <19%; Drilling inventory of over 800 net locations (>13 years of drilling)(2); and Proved Developed Producing Sproule Net Asset Value(4) of $1.08 per basic share.

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