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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 5:31pm
203 Views
Post# 34138241

Pennydredful?

Pennydredful?Plus there is one big unknown here.........how much of astra did annapolis own before the deal with sgy...........i would say they owned 100% of astra in one of its other funds........so the 51 million came out of another fund and was the only original owners of astra in another fund that wanted to continue ownership in those assets......this means 2/3 of the shares issued by sgy for astra are currently for sale on the market until such time as they are all sold........thats about 20 million shares give or take
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