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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) > WHAT THE FEELING ABOUT THIS NEW DEAL.?
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Comment by Theconsortmanon Jun 22, 2021 8:11pm
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Post# 33431898

RE:RE:RE:RE:RE:WHAT THE FEELING ABOUT THIS NEW DEAL.?

RE:RE:RE:RE:RE:WHAT THE FEELING ABOUT THIS NEW DEAL.?Interesting turn of events. I guess they had to sell a property for cash to pay down debt and that they could not raise funds by issuing shares to pay debt. They could issue shares to buy something. Good to see them do something I guess.


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