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) > BMO analyst Jeremy McCrea

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Comment by dllscwbysfnon Aug 29, 2024 1:13pm

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Post# 36201522

RE:BMO analyst Jeremy McCrea

So that is about 1.5 million bucks from ONE well in ONE month. Not to shabby!

Taffypalmer2014 wrote: BMO analyst Jeremy McCrea has a novel method for uncovering value in the domestic oil patch,

Surge (Frobisher): Surge continues to show very strong Frobisher wells, with the most recent well topping our chart - the 3-3 well producing an astonishing 633 bbls/d over 31 days. We also highlight Rubellite, Headwater, and Advantage”

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