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) > Drill baby, drill

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Comment by leo101on Jun 28, 2021 11:47am

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Post# 33459769

RE:Drill baby, drill

Kherson wrote: Once the Astra assets belong to Surge, I feel that they should apply all available cash to drilling on the Astra properties. Keep in mind that Paul clearly stated that Astra is a growth company and their decline rate is 38%.
I would hazard a guess that Surge should drill enough wells on the Astra property to get that decline below 30%, then think about a dividend!
Kherson

kherson makes an excellent point.

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