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) > Share consolidation ( worth a repeat IMO)

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Comment by stockwatcher248on Jul 26, 2021 5:05pm

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Post# 33608029

RE:RE:Re: Share consolidation ( worth a repeat IMO)

Radcat...Surge had 339,000,000 shares outstanding....consolidating 8>5 would result in around 40,000,000 post consolidated shares.......the 71,000,000 obviously includes the new shares issued to Astar shareholders on the acquisition....which means subsequent to the acquisition there wil be around 600,000,000 shares of Surge outstanding.....600,000,000 / 8.5 = 71,000,000 post consolidated shares that will be outstanding....

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