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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) > How much Debt does Surge Energy have now?
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Comment by pppon Mar 06, 2021 7:01pm
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Post# 32737321

RE:RE:RE:RE:How much Debt does Surge Energy have now?

RE:RE:RE:RE:How much Debt does Surge Energy have now?That 39 mil capex was for the 1st half not the first quarter. So IMO Cf for Q1 and Q2 should cover the 39 mil Capex. The company stated that all money will be going against debt.

Proceeds from the sale will have a significant immediate, positive impact on the company, reducing Surge's bank indebtedness by over $100-million, and generating annual interest expense savings of approximately $10-million.
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