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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  T.SGY.DB.B | ZPTAF

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 Carjackon Nov 06, 2023 6:48pm
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Post# 35720428

US seeks to buy up to 3 mln barrels for oil reserve for Jan

US seeks to buy up to 3 mln barrels for oil reserve for Jan

 

The United States is seeking to buy up to three million barrels of oil for delivery in January 2024 to replenish the country's strategic petroleum reserve, the Department of Energy said on Monday.

"This is the second solicitation for January 2024 delivery as DOE aims to purchase oil when it can purchase at a good deal for taxpayers," it said in a statement. Last month the administration said it hoped to buy 6 million barrels of crudeoil for delivery in December and January.

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