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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 31, 2021 9:24am
242 Views
Post# 33636840

Astra will get 32% equity in sgy?

Astra will get 32% equity in sgy?I was wondering why will astra get that much equity in sgy if they are only contribute 20% to total production........nobody pays any money for drill locations any more so it can only be the they know they are going to get diluted post deal by a minimum of 12% and the actual number is unknown but will likely be up to 100% dilution due to the extreme consolidation down to 71 million shares......imo the share count will be back to 150 million in less than a month............this will mean your 1 share will now be .5 share.......if you can live with that by all means stay invested in surge
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