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) > 44.5 M debs. due Dec2022

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Comment by Chris007on Dec 11, 2021 6:10pm

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Post# 34222274

RE:44.5 M debs. due Dec2022

LOL...atleast we don't need to worry about dilution from deb holders converting to equity. Conversion price of $2.75, pre-consolidation is now approx.$23.38, post-reverse split.

pennydredful wrote:
This new raise gives them optionality to pay off the 5.75% debentures of 44.5M due in a year as it allowed them to pay off bank debt below this required amount.

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