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) > flat production

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Comment by ACESoveron May 03, 2023 7:55pm

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Post# 35428897

RE:flat production

In Q1/23 Surgenergy delivered an increase in production of more than 22 percent compared to Q1/22, with production increasing from 20,550 boepd (85 percent liquids) to a record 25,138 boepd (87 percent liquids) in the current quarter. Surge Energy's December 31, 2023 production exit rate guidance is 25,000 boepd

....production is not staying around 25,000 boepd (Kurt73). It got there in Q1/23

ACE$

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