Surge Energy Inc (Alberta) T.SGY

Corporate Presentation - January 13, 2023

[daniel004]

https://www.surgeenergy.ca/wp-content/uploads/2023/01/SGY-Corp-Pres-Final.pdf

[PreludeSH]

Thanks for the link...for me the key takeaway is that they ended Dec 31,2022 with $330M in net debt.  For the full year, they reduced net debt by $50M, which means to get to their Phase 2 of the Capital Return Framework, it will take another year and a half, based on the run rate of the prior year. Hope this prior year run rate is not indicative of what they are paying down now.

[Billybabin61]

14 % dividend increase on Feb 15. 

[uwebb429]

2023 Exit net debt to exit cash flow from operating activities = 0.7X $335M cash flow X 0.7 = $235M net debt They could be under $250M debt and into Phase 2 by Q4 of 2023.  The Presentation Net Debt numbers changed by $50M dollars but that is for Dec 2021 vs Dec 2020. The updated Dec 2022 debt numbers have not been released yet.  The Key Growth Driver page for SE Saskatchewan for

[cnotes22]

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[Kherson]

RBC Notes January 12, 2023 Canadian E&P Perspectives  Licensing Trends - December 2022 Summary • A total of 455 oil & gas wells were licensed across the WCSB in December 2022, down 22% y/y and down 32% m/m. There have been roughly 6,800 oil & gas wells licensed in 2022 based on current well data, up 38% y/y. Please see Exhibit 1 for 2022 licenses by

[ukrop13]

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