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Surge Energy Inc (Alberta) T.SGY

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

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

Post by Franman184on Apr 01, 2022 8:51am
298 Views
Post# 34566342

BIDEN ENERGY ADMINASTRATION BUFFOONS

BIDEN ENERGY ADMINASTRATION BUFFOONSThe most oil ever released in a single day from the SPR is around 800000 barrels. The old infrastrure will come under pressure when they try to move a million barrels. Good luck. Could have a million barrels flowing from Keystone excel. USA producing about 11 million barrels a day and using around 20 million. Russian just sent 17 tankers full of petrolium to the USA. Slide into america before the sanctions hit. The inmates are running the asylum in the Biden energy policy adminastration. Complete gong show.
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