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) > Share consolidation ( worth a repeat IMO)

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Post by TimeBuilderon Jul 26, 2021 3:31pm

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Post# 33605421

Re: Share consolidation ( worth a repeat IMO)

Following the Surge Share Consolidation, and assuming the Surge Share Consolidation proceeds on the basis of one (1) post-consolidation Surge Share for 8.5 pre-consolidation Surge Shares, the number of postconsolidation Surge Shares issued and outstanding will be approximately 71,586,552 (on a non-diluted basis). See “Information Concerning Surge Following Completion of the Arrangement – Pro Forma Capitalization”.

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