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Bullboard - Stock Discussion Forum
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.
see more
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TSX:SGY - Post Discussion
Surge Energy Inc (Alberta)
> Penny ???
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•••
soundandfury
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Post by
soundandfury
on Dec 13, 2021 5:13pm
Penny ???
Do you know the amount sgy (ASSET RETIREMENT OBLIGATIONS)........I cant seem to find it anywhere......the $ amount in total i mean
(264)
•••
Chris007
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Comment by
Chris007
on Dec 13, 2021 6:14pm
Its updated annually. Last one I can find is the 2020 Annual Information Form (pg.13-14): https://www.surgeenergy.ca/wp-content/uploads/2021/03/sgy-2020AIF.pdf The Corporation is obligated to abandon, retire and reclaim wells and well sites in compliance with applicable environmental laws and regulations. As of December 31, 2020, the Corporation has recordedan asset retirement obligation of
...more
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