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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 Carjackon Jan 11, 2024 1:39pm
135 Views
Post# 35821890

Iran navy says it seized oil tanker off Oman

Iran navy says it seized oil tanker off Oman

The state-run IRNA news agency published a story acknowledging the seizure by Iran's navy.

Iran has said that its forces seized an oil tanker in the Gulf of Oman, which was reported earlier in the day to have been boarded by armed men in military uniforms.

The state-run IRNA news agency published a story acknowledging the seizure by Iran’s navy on Thursday. It did not identify the vessel, but said the seizure came as a result of a judicial order.

The British maritime security firm Ambrey said the incident began at about 7:30am (03:30 GMT) when “four or five” men boarded the Marshall Islands-flagged St Nikolas, around 50 nautical miles east of Sohar in Oman, and then headed towards Bandar-e-Jask in Iran

Tankertrackers.com, which tracks and reports global shipments of crude oil, identified the vessel as the St Nikolas and said it was carrying “Iraqi oil”. It said the tanker previously went by the name Suez Rajan.

Ambrey said the recently renamed tanker was previously prosecuted and fined for carrying sanctioned Iranian oil, which was confiscated by US authorities. The yearlong dispute ended with the US Justice Department seizing one million barrels of Iranian crude.

The British military’s UKTMO, which provides warnings to sailors in the Middle East, said the incident began in waters between Oman and Iran, and it had received a report from the ship’s security manager of hearing “unknown voices over the phone” alongside the ship’s captain.

Ambrey said that the men covered surveillance cameras as they boarded the vessel. As the tanker appeared to veer towards Bandar-e-Jask, its tracker was turned off, it added.

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