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Surge Energy Inc (Alberta) T.SGY

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

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

Comment by uwebb429on Oct 01, 2024 1:30am
196 Views
Post# 36247729

RE:Lampman, SK

RE:Lampman, SKThe Stampede rig has moved again from 1.5 miles east of Lampman, SK to surface location 14-21-004-06 W2 which is 4 miles due south of Lampman. Drill baby drill. I think Surge is on to something in this area. 

In July they acquired licences to drill 4 more wells from this new location and another 4 wells on a pad a quarter of a mile to the west. Hopefully the type curve of these new wells all look like the other Lampman wells recently drilled in this area. 

Q3 results will be released on November 6th. 
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