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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.
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TSX:SGY - Post Discussion
Surge Energy Inc (Alberta)
> Hope Valley Update
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uwebb429
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Post by
uwebb429
on Jun 19, 2024 2:11pm
Hope Valley Update
Precision Drilling Rig 116 is moving into the Hope Valley area. Surge acquired six licences on June 5th at location 08-25-046-05 W4
Surge has up to 100 drilling locations available near Hope Valley. They should be able to keep a rig busy for years in this new core area.
https://www.rigzone.com/news/albertas_surge_energy_makes_crude_discovery_in_hope_valley-31-may-2024-176941-article/
https://i.imgur.com/O4Ht4B1.png
This area of Alberta is not over drilled. There is lots of opportunity for Surge to apply the latest multi-lateral drilling technology to this area.
https://i.imgur.com/8Y1dPyS.png
(394)
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uwebb429
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Comment by
uwebb429
on Jun 20, 2024 1:36pm
Spud Date - June 19th 16:45
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