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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 Oct 28, 2021 1:02pm
275 Views
Post# 34059557

Re: How many oil wells sgy need to drill in 2022

Re: How many oil wells sgy need to drill in 2022Sgy doesn't need to drill a single well and here is why..............if sgy takes all its cap ex it plans to spend on drilling in 2022 which is 100 million and then issue another 50 million shares @ 5.00 .....they will have 350 million to make another aquisition............350 million should buy them about 8000 bpd so that is definately the way to go..........forget about wasteing money drilling.....imo
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