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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)
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Post by uwebb429on Jan 31, 2024 2:10am
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Post# 35854205

07-28 Results

07-28 ResultsRock Creek Freak on X posted an RBC document that shows Surge had the top two performing wells in SE Saskatchewan during December. Each well produced over 300 boe/d. They were drilled from the same pad which helps to keep costs down. 

104 / 07-28-004-06 W2

106 / 07-28-004-06 W2

Surge has started drilling and has a licence to drill two more wells on a separate pad about a mile north of these first two wells. Scroll down to Exhibit 10 for the SE Saskatchewan results. 

https://twitter.com/rockcreekfreak/status/1750332130998292482

https://files.catbox.moe/i2qg52.pdf
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