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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) > SGY
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Comment by Dunworkin2on Mar 05, 2022 5:42pm
213 Views
Post# 34487299

RE:RE:RE:SGY

RE:RE:RE:SGYFrom their January 2022 presentations, for Q1, looks like about 7,500 barrels are hedged at $67.61 average. They produce about 21,500 barrels of energy per day, so say about 1/3 of production hedged at that price.....so 2/3rd's at strip pricing? Do i have that right?

https://www.surgeenergy.ca/wp-content/uploads/2022/01/January_Corp_Pres-Jan_27_FINAL.pdf

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