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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 Mar 19, 2024 11:48am
204 Views
Post# 35940701

CERAWEEK Trans Mountain Pipeline expansion to be complete by

CERAWEEK Trans Mountain Pipeline expansion to be complete by

The Trans Mountain Pipeline Expansion will be complete by the end of May, with the first waterborne exports from the expanded system starting a month later, Danielle Smith, the Premier of Alberta said on Tuesday in an interview. `

The C$30.9 billion ($22.8 billion) pipeline expansion will add 590,000 barrels per day of capacity, tripling capacity on the line to ship crude and products from Edmonton, Alberta to Canada's Pacific coast. The Canadian government-owned project has hit a series of technical snags and delays.

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