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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 22, 2021 6:11pm
203 Views
Post# 34154793

They need to issue more shares

They need to issue more sharesTo not only pay for asset retirement obligations( aro).......but also pay for at least 1/2 their debt...........probably 150 million to 200 million shares...........given managements track record i doubt they can find investors but we will see..........they can't take the company private until that is taken care of.............but by that time the share price might be under $1.00 again ......so paul better hurry up with his new share issue.......imo
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