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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) > New Press Release - SURGE ENERGY INC. ANNOUNCES RECORD ANNUAL PRODUCTION IN 2023; FOURTH QUARTER AND YEAR END FINANCIALS FOR 2023; 2023 YEAR END RESERVES
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Comment by daniel004on Mar 06, 2024 6:02pm
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Post# 35919236

RE:RE:New Press Release - SURGE ENERGY INC. ANNOUNCES RECORD ANNUAL PRODUCTION IN 2023; FOURTH QUARTER AND YEAR END FINANCIALS FOR 2023; 2023 YEAR END RESERVES

RE:RE:New Press Release - SURGE ENERGY INC. ANNOUNCES RECORD ANNUAL PRODUCTION IN 2023; FOURTH QUARTER AND YEAR END FINANCIALS FOR 2023; 2023 YEAR END RESERVES"Management currently forecasts that the Company will achieve its previously announced Phase 2 return of capital net debt target in 2H/24, based on current crude oil pricing".
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