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) > Not a horrible deal

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Comment by Countrin2tiveon Jun 22, 2021 10:36pm

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Post# 33432302

RE:Re: Not a horrible deal

Well, hope thats not the case.

The press release indicates "The purchase price payable by Surge under the Transaction will be $160 million , comprised in part of the issuance of approximately 3.1746 Surge Shares for every issued and outstanding Astra Share".

Astra is a privately owned company, key is the determination of how many outstanding shares they have to calculate. Not having any success finding that.

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