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 12, 2021 6:35pm

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Post# 34223584

RE:RE:RE:44.5 M debs. due Dec2022

Lets hope he doesn't decide to pay the deb holders in shares...

pennydredful wrote: Who knows ? If the stock is $12 in a year like the Ray J. forecast , Paul may elect to pay the bonds with shares at a 5% discount to the market , if he sees a better use for the cash.

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