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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) > Surge Asset Sale
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Comment by uwebb429on May 23, 2024 3:44pm
264 Views
Post# 36054593

RE:Surge Asset Sale

RE:Surge Asset SaleNational Bank shows that the assets Surge Energy had up for sale are no longer for sale. I am not sure if these assets were sold or if Surge decided to cancel this sale. Hopefully the sale was completed so Surge can get to their next debt target sooner. 

https://twitter.com/emmpeethree/status/1793300397463163265
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