Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s): T.SGY.DB.B | ZPTAF

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 PreludeSHon May 29, 2024 10:23pm

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Post# 36063608

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

I forecasted pretty accurately...Surge sold their barrels for $34K per barrel...I guessed $35K.

PreludeSH wrote: Yah...just to show what Paul paid for Shaunavon...let's see what price he gets to sell it. In the video he says Shaunavon is now 900 bpd...at a valuation of $35K per barrel, that maybe around $32M....but $240M to $32M is a huge drop!

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