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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) > WHAT WOULD THE COST BE FOR SGY TO DRILL MORE WELLS.?
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Comment by fortunefavorsuson Dec 10, 2021 11:00am
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Post# 34218571

RE:RE:WHAT WOULD THE COST BE FOR SGY TO DRILL MORE WELLS.?

RE:RE:WHAT WOULD THE COST BE FOR SGY TO DRILL MORE WELLS.?That is why they are focused on Sparky and SE SASK.  They can drill these wells for little money tie them in quickly and pay for them in a short period of time and protected with hedges at good prices.  I think they will have great results next year.
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