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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 Nov 17, 2021 4:34pm
131 Views
Post# 34138039

Re: Annapolis

Re: AnnapolisAnnapolis has many funds.........who cares when they raised what.....fact of the matter is they have one fund with $51 million dollars in called the annapolis public participation fund........so that fund is the one that bought into astra.......the actual source and when it came into annapolis capital accounts is irrelevant...........but i can tell you the source its from those guys that sold totem building supplies to rona back in 2006 for 100 million $ .........this is the quebec connection for 50 million and the 11 guys i have no clue.....probably family or former employees or possibly friends of that organization
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