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Surge Energy Inc (Alberta) T.SGY.DB.B


Primary Symbol: T.SGY Alternate Symbol(s):  ZPTAF

Surge Energy Inc. is a Canada-based oil focused exploration and production company. The Company’s business consists of the exploration, development and production of oil and gas from properties in western Canada. Its operations include Sparky and SE Saskatchewan. Its supporting assets include Valhalla, Greater Sawn and Shaunavon. The Sparky operation offers light/medium crude oil production with compelling returns. The SE Saskatchewan operation maintains asset base oil operating netbacks. It has low-cost wells with short payouts and potential for continued area consolidation. The Valhalla operation is offering stacked pay multi-zone potential with light oil and provides range of area infrastructure and access to multiple egress options supports attractive operating netbacks. The Shaunavon operation is producing low decline, medium gravity crude oil with high operating netbacks. Its Greater Swan operation consists of concentrated light oil asset with conventional slave point reefs.


TSX:SGY - Post by User

Post by Carjackon Apr 24, 2024 12:14pm
135 Views
Post# 36005268

Ukrainian drones struck two Rosneft oil depots in attack, Ky

Ukrainian drones struck two Rosneft oil depots in attack, Ky

Drones sent by Ukraine's SBU security service struck two Rosneft-owned oil depots in Russia's Smolensk region in an overnight attack on Wednesday, a Ukrainian intelligence source said.

The source said the depots contained 26,000 cubic metres of fuel and that the attack caused major fires and evacuation of personnel.

"The SBU continues to effectively destroy military infrastructure and logistics that provide fuel to the Russian army in Ukraine," the source said. "These facilities are and will remain our absolutely legitimate targets."

Russian regional officials said earlier that fires had broken out at the facilities following the drone attack.

As the emergency services worked on sites, some residents were evacuated from parts of Lipetsk in Russia's southwest after a drone there fell on an industrial park.

There were no casualties reported in the attack, Vasily Anokhin, the governor of the Smolensk region, said in a statement on Telegram messaging app.

With Russia's full-scale invasion in its third year, Ukraine has increasingly focused on targeting Russian oil and energy facilities with long-range drones.

Kyiv considers oil refineries as legitimate targets, despite calls from its allies to halt strikes in order to avoid Russian retaliation and hikes in global oil prices.

As of the end of March, around 14% of Russia's primary oil refining capacity had been knocked out by Ukrainian drone attacks, according to Reuters calculations.

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