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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)
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Post by brewster123on Aug 02, 2022 4:31pm
240 Views
Post# 34866655

Adelaide Webinar tomorrow

Adelaide Webinar tomorrowTomorrow at 12PM ET, Surge Energy (TSX: SGY, OTC:ZPTAF) CEO Paul Colborne and Derek Christie, Sr. VP of Geosciences join Adelaide Capital's Jessica Butt to review the Company's Q2 results. 

We're looking forward to discussing Surge's drilling success in Alberta and SE Saskatchewan as they recently reinstated a cash dividend and confirmed an August 2022 dividend, in addition to their deployment of additional free cash flow.

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