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) > How much Debt does Surge Energy have now?

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Comment by Chris007on Mar 05, 2021 4:22pm

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Post# 32731151

RE:How much Debt does Surge Energy have now?

At the end of Q3, bank debt was 296,055,000 and there was also 70,536,000 in convertible debs.

who knows how much of the bank debt they managed to pay down in Q4...we'll receive more info on this with the year end results

That being said, today's asset sale announcement is a pretty substantial development in regard to the company's deleveraging efforts.

Tanman1914 wrote:
Does anyone know what Surge Energy total debt is now?

I have a hard time understanding all of the credit facility mambo jumbo that they have if anyone doesn't mind explaining it to me in easy terms please.

Thanks,

Tanman