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) > 2022 CAPITAL AND OPERATING BUDGET

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Comment by terroiron Jan 17, 2022 10:03am

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Post# 34323971

RE:RE:RE:2022 CAPITAL AND OPERATING BUDGET

I am having a bit of a math problem. Current debt is $381 million, target debt exit is .75 cash flow, cash flow 2022 is expected to be $255, which targets debt at exit to $190 million, a reduction of $190 million, but free cash is $130 million - where does the debt reduction come from?

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