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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) > I just keep shacking my head...
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Comment by sclardaon Nov 04, 2021 11:37am
119 Views
Post# 34086990

RE:RE:RE:RE:I just keep shacking my head...

RE:RE:RE:RE:I just keep shacking my head...ppp wrote

Net debt went up.  from 292 mil to 319 mil. 

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  Debt went up by aprox. $17 million in the last month or two with the asset purchases they just closed  but the two acquisitions  also added aprox.  5600 barrels per day of production.

Funny how you forgot to mention that part.

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Dealroom for high-potential pre-IPO opportunities