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) > Why or how does astra have that much leverage over sgy

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Comment by 2021Gambleon Jul 24, 2021 3:54pm

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Post# 33601205

RE:Why or how does astra have that much leverage over sgy

While I agree with your notion.....

1. the banking syndicate could 'easily' have required/requested it behind close doors during the recent negotiations

2. That consolidation ratio would allow for US exchange listing, with a small buffer for a decrease in share price

soundandfury wrote: To demand a 1 for 8.5 consolidation after they get 225 million shares.............who are they with their measely 4000 bpd to dictate such terms to surge.......hmmmm

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