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.

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Surge Energy Inc (Alberta) > Surge paid $240M for Shaunavon for 3600bpd ($67K per barrel)

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Comment by uwebb429on May 15, 2024 1:52am

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Post# 36040370

RE:RE:RE:Surge paid $240M for Shaunavon for 3600bpd ($67K per barrel)

> Yah...just to show what Paul paid for Shaunavon.

I figured out why you were posting that about 2 seconds after my reply. I hate not having an edit or delete button.

Paul will not win any awards for being a good horse trader. Look at the bright side. If it results in a huge loss, that might be useful at tax time.

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