Surge Energy Inc.

Toronto Stock Exchange SGY.TO

Surge Energy Inc. Free Cash Flow for the year ending December 31, 2023: USD 63.81 M

Surge Energy Inc. Free Cash Flow is USD 63.81 M for the year ending December 31, 2023, a -18.54% change year over year. Free cash flow is the amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
  • Surge Energy Inc. Free Cash Flow for the year ending December 31, 2022 was USD 78.33 M, a 3,100.49% change year over year.
  • Surge Energy Inc. Free Cash Flow for the year ending December 31, 2021 was USD -2.61 M, a -117.13% change year over year.
  • Surge Energy Inc. Free Cash Flow for the year ending December 31, 2020 was USD 15.24 M, a -33.88% change year over year.
  • Surge Energy Inc. Free Cash Flow for the year ending December 31, 2019 was USD 23.05 M, a 2,220.88% change year over year.
Key data
Date Free Cash Flow Operating Cash Flow Net Cash Used For Investing Activities Net Cash Used Provided By Financing Activities
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Toronto Stock Exchange: SGY.TO

Surge Energy Inc.

CEO Mr. Paul Colborne
IPO Date Sept. 9, 1998
Location Canada
Headquarters 2100, 635 – 8th Avenue S.W.
Employees 93
Sector Energy
Industries
Description

Surge Energy Inc. explores for, develops, and produces oil and gas in western Canada. The company holds interest in the Greater Sawn Lake assets located in Northern Alberta; Valhalla/Wembley property located in northwestern Alberta; Sparky assets located between Provost and Wainwright in eastern Alberta and western Saskatchewan; and Shaunavon properties located to the southwest of Swift Current, Saskatchewan. It holds an average working interest of approximately 84% in approximately 123,884 net developed acres and approximately 83% in approximately 68,031 net undeveloped acres in Greater Sawn area; approximately 70% in approximately 22,920 net developed acres and approximately 72% in approximately 10,680 net undeveloped acres in Valhalla area; and approximately 90 % in approximately 59,655 net developed acres and 98% in approximately 47,398 net undeveloped acres in Sparky area. As of December 31, 2021, it held interests in 362 net oil and 20 net gas wells in Greater Sawn area; 100 net oil and 9 net gas wells in Valhalla area; 424 net oil and 6 net gas wells in Sparky area; and 185 net oil wells, as well as an average working interest of approximately 100% in approximately 24,249 net developed acres and 12,021 net undeveloped acres in the Shaunavon properties. The company was formerly known as Zapata Energy Corporation and changed its name to Surge Energy Inc. in June 2010. Surge Energy Inc. was incorporated in 1998 and is headquartered in Calgary, Canada.

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StockViz Staff

January 15, 2025

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