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.

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Surge Energy Inc (Alberta) > SURGE ENERGY Buys SE SASK Private Oil Producer

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Post by CanadianOil2022on Jul 28, 2022 1:47pm

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Post# 34857616

SURGE ENERGY Buys SE SASK Private Oil Producer

Surge energy SGY Buys Private Oil Producer
Since Surge was in Talks with South East Saskatchewan Oil Producer. Paul Colborne knows these oil producers are fantastic and payout in 2 months. Notice Surge was drilling mainly Sparky wells because they didn't want competition to be aware of how good these SE SASK wells really are before buying them up.

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