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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) > 9points
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Comment by lnggasfor202324on Apr 06, 2024 8:29pm
194 Views
Post# 35975182

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:9points

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:9pointsI find that hard to beleive the wells pay off in a month.  The clkearwater doesn't even pay off that quick.  I don't think the trans mountain pipeline will help Surge much because they are mainly light oil.
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Dealroom for high-potential pre-IPO opportunities