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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  T.SGY.DB.B | ZPTAF

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) > ARO
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Post by pppon Dec 23, 2021 12:40pm
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Post# 34258365

ARO

ARO

So based on the report they started with 1300 wells.   In 20 they took care of 275for 9.3 mil and this year another 349.  This leaves 676.

Based on the above I would say another 30 mil at the max would cover the rest.  This means the rest of the ARO cost is logged to future production. 

So past ARO is a non issue IMO

 

 









 

page20image1396482016 page20image1396482304

20 Surge Energy Inc | 2020 ESG Report

wells currently undergoing active reclamation; upon abandonment, Phase 1 Environmental
Site Assessments are carried out in an effort to understand and quantify reclamation work to be conducted at a given site .


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