Street Smart Investor
Long-term horizon, energy, natural resources, micro-cap

Surge Energy: This 7.8% Dividend Yield Stock Will Surge

Company Overview

Surge Energy (OTC:OTCPK:ZPTAF) is an independent oil and gas company engaged in exploration, development, production, and marketing petroleum and natural gas reserves primarily in Western Canada. The company's core assets are in Williston Basin, Western Alberta and SE Alberta/SW Saskatchewan.

As of June 2014, Surge Energy had over 1,000 low risk drilling locations across assets, which provide the company with over 10 years of inventory. In terms of reserves, the company had total 2P reserves of 117.2mmboe as of June 2014. This includes 37.6mmboe of 2P reserves from Longview, a recent acquisition, which I will discuss later. In terms of original oil in place, the company has over 1.9 billion barrels of OOIP under ownership and...

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