RE:RE:RE:RE:Hope everyone is enjoying the dividend Herfa1 wrote: Go to Surge energy site. Look at the financial statement in the section plant and equipment. There is an acquisition of 42m in this trimester.
The $42MM that you refer to is for "Net Capital Expenditures"... If you delve further you would see the following: During the first quarter of 2022, Surge invested a total of ~$43 million,
excluding acquisitions and dispositions. This investment was broken down as follows:
* $29.7 million to drill and complete 14 gross (14.0 net) wells in Southeast Alberta ("Sparky") and 9 gross (7.5 net) wells in Southeast Saskatchewan and to complete six wells that were drilled in the fourth quarter of 2021.
* $10.6 million to equip and tie-in wells drilled in the first quarter of 2022 and fourth quarter of 2021.
* $2.7 million was spent on land, seismic and other capital items during the quarter. Only
$0.92 million was actually spent on the land referred to here.