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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 swale13on Apr 18, 2023 2:42pm
350 Views
Post# 35401249

Very cool play

Very cool play I can see now that's the real magic here is being able to do waterflood sweeps with this kind of porosity  and with lighter oil helping … may give Clearwater a run for its money… because heavy wont sweep as well
 
 … You all know all about this but I am just waking up to numbers

also shallow and drill cost ..same as Clearwater 1.6 million .. and that keeps on giving all year long

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