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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

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

Post by soundandfuryon Jul 24, 2021 3:45pm
205 Views
Post# 33601195

Ok i will say something that i probably should not say

Ok i will say something that i probably should not sayBut as i believe to be true i will say it anyhow.........paul colborne sometimes is a little to chumy with gis private equity friends when he makes thes deals useing public company money.........example was the mount bastion deal when sgy bought mount bastion for 320 million in cash and stock........its my understanding that paul colborne had a vested interest in mount bastion through his affiliation with privit capital.......paul was a director of priviti capital and priviti capital had an ownership interest in mount bastion at the time of purchase......when you look back at the history of the mount bastion assets ......paul spent 320 million for the asset in oct 2018 and sgy has never drilled a single well on the property since..........lol i rest my case
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