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 27,500 Dec 31 23,800 boed Now + 3850 + 15 New Wells

<< Previous

Bullboard Posts

Next >>

Post by CanadianOil2022on Nov 02, 2022 7:43pm

305 Views

Post# 35068265

SGY 27,500 Dec 31 23,800 boed Now + 3850 + 15 New Wells

SURGE ENERGY SGY producing 27,500 barrels oil daily Dec 31 after adding 3,850 boed to its current 23,800 boed today CEO said last week plus 15 New Wells Added by Dec 31 surging Surge way above cardinal 23,000 boed only with almost twice the outstanding shares so 162,000,000 SHARES outstanding fact

<< Previous

Bullboard Posts

Next >>

Dollar Tree CEO Rick Dreiling steps down as discount retailer struggles