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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 23, 2024 5:40pm
210 Views
Post# 35949051

Ukraine war briefing: fire breaks out at Russian oil refiner

Ukraine war briefing: fire breaks out at Russian oil refiner

A fire broke out on Saturday at an oil refinery in Russia’s Samara region after a drone attack, the regional governor said. “Last night, there were several drone attacks against regional oil refineries,” Governor Dmitry Azarov said in a regional government statement published on Telegram. One of those attacks caused a fire at the Kuibyshev oil refinery, he added, noting that there were no casualties.

One person was killed and two wounded in a Ukrainian drone attack on Russia’s Belgorod region on Saturday morning, regional governor Vyacheslav Gladkov said. Separately, the Russian defence ministry said it had neutralised overnight “12 Ukrainian drones” over the regions of Bryansk, Belgorod and Voronezh, all three of which border Ukraine, as well as over the region of Saratov.

Ukraine denied responsibility for an attack on a concert hall in Moscow in which more than 60 people were killed. “Ukraine certainly has nothing to do with the shooting/explosions in the Crocus City Hall,” Mykhailo Podolyak, an adviser to the Ukrainian presidential administration, wrote on X.

Russia pounded Ukrainian power facilities on Friday in an attack described by Kyiv as the largest airstrike on its energy infrastructure in two years of war, and portrayed by Moscow as revenge for Ukrainian attacks during its presidential election. The missile and drone attack hit a vast dam over the Dnipro River, killed at least five people and left more than a million others without power, forcing Kyiv to seek emergency electricity supplies from Poland, Romania and Slovakia, Kyiv officials said.

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