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Surge Energy Makes ‘Exciting Reentry’ with Astra Oil Acquisition Surge Energy had previously exited the region through the sale of its southeast Saskatchewan and Manitoba assets in 2015 to Torc Oil & Gas for CA$430 million. Hart Energy Staff Your browser does not support the audio element. Surge Energy Inc. agreed to acquire Astra Oil Corp., which the company said represents an “exciting reentry” into southeast Saskatchewan for the Surge team. The Astra acquisition will be funded through the issuance of Surge common shares and the assumption of approximately CA$15 million of net debt for total consideration of roughly CA$160 million. The assets include more than 4,100 boe/d (90% liquids) of operated, light oil production with an operating netback of more than $42 per boe at US$65 WTI pricing.

Paul colborneTorc oil gas ltdSurge energy incNational bank financial incAstra oil corpDuckworth palmerSurge energyTorc oilWestern canadian sedimentary basinBank financialபால் கோல்போர்ன்டோர்க் எண்ணெய் வாயு லிமிடெட்எழுச்சி ஆற்றல் இன்க்தேசிய வங்கி நிதி இன்க்அஸ்ட்ரா எண்ணெய் கார்ப்டக்வொர்த் பாமர்