TSX: SGY Premium Oil Assets Driving Free Cash Flow and Shareholder Returns CORPORATE PRESENTATION Spring 2025
The Surge Value Proposition High quality assets and strategic capital allocation maximize shareholder value and returns + + = High Quality Disciplined Capital Proven Management Maximize Free Cash Flow Conventional Assets…
Proven Business Strategy Focused on sustainable returns and enhancing free cash flow Surge executes on a simple, DISCIPLINED repeatable business strategy: CAPITAL ALLOCATION Undertake low cost, low risk Develop high quality…
Recent Highlights During 2024, Surge: Achieved average production of 24,319 boepd (88 percent liquids) in Q4/24, exceeding 2024 guidance exit rate of 24,000 boepd; Disposed of non-core assets at Shaunavon, Westerose, and Valhalla,…
2024 Reserves and Net Asset Value Dec. 31, 2024 Sproule Reserves Oil Equivalent Oil & Liquids BTax NPV10 Currently trading at just 40% of 1 Gross Reserves Total Reserves (Mboe) (%) (MM) 2,3 its 2P NAV per share (which includes less…
Corporate Guidance for 2025 Key Guidance & Assumptions1 US70 WTI6 2025 Adjusted Funds Flow 2 275 MM Focused on returns and 2025 Cash Flow From Operating Activities 3 255 MM enhancing free cash 2025 Free Cash Flow 2 Before Dividends 85…
Return of Capital Framework Surge is well positioned to deliver returns to shareholders through its base dividend and excess Free Cash Flow 2025 Guidance Cash Flow US70 WTI: 255 MM Allocation of Excess Free Cash Flow1 (After Base…
Significant Liquidity Debt structure supports return of capital framework Surges current drawn debt has long-dated maturities, termed out through late 2028 and 2029, with attractive interest rates. Debt Composition (MM) Term Debt…
Net Asset Value + Free Cash Flow Margin Surge has been independently recognized as having one of the best FCF margins (31%) in its intermediate peer group while trading at a very attractive NAV valuation. Surges top tier FCF margin is…
Energy will continue to offer investors an attractive value Compelling proposition in 2025 and beyond opportunity for energy investors Current While global oil demand is at a record high, global crude inventories currently stand at…
Spotlight: Sparky and SE Saskatchewan Surge offers exposure to two of the top four conventional oil growth plays in Canada
Advantages of Conventional reservoirs offer lower risk, predictable, repeatable development with Conventional opportunity to improve recovery factors Reservoirs Surge proactively targets low risk conventional reservoirs. The Company…
Core Area Focused Sparky and SE Saskatchewan provide exceptional economics and a depth of drilling inventory Sparky SE Saskatchewan Light/medium crude oil production with compelling Highly focused, operated asset base with excellent…
Sparky Over 11 Billion Barrel Trend One of Canadas Largest Accumulations of Oil A One-of-a-Kind Lloydminster Position Edmonton Alberta Hope Surge holds a dominant land position and is drilling 60km Valley Saskatchewan a mix of…
Sparky Long-Term Growth Potential Pad drilling, advanced horizontal multi-stage fracturing technology, and multi-lateral horizontal success have unlocked the potential of the Sparky play Sparky Core Area Production Growth 1.4 billion…
SE Saskatchewan A Light Oil Balance Surges operational track record of success in SE Saskatchewan Manitoba Surge Land Saskatchewan makes this an exciting growth area Midale Subcrop Frobisher Subcrop Alida Subcrop Area Benefits…
SE Saskatchewan Key Growth Driver High operating netback1 light oil production and reserves from low risk, proven conventional reservoirs 500 million OOIP net to SGY bbls (internally estimated) SE Saskatchewan Frobisher Average IP90 By…
Analyst Coverage SGY 12-Month Financial Institution Analyst Email Address Target Price Acumen Capital Partners Trevor Reynolds treynoldsacumencapital.com 11.50 ATB Capital Markets Amir Arif aarifatb.com 9.25 BMO Capital Markets Jeremy…
Leadership Paul Colborne Jared Ducs Murray Bye Derek Christie Margaret Elekes President & CEO CFO COO Senior VP, Exploration Senior VP, Land & BD Dan Kelly Grant Cutforth VP, Finance VP, Business Development 19
Board of Directors Paul Colborne Robert Leach 2,5,6 Board Committees President & CEO Independent Director 1. Chair of the Board 2. Member of the Compensation, Nominating and Allison Maher 2,4,5 Corporate Governance Committee. Ms.…
Corporate Information TSX First Lien Lending Syndicate SGY.TO National Bank of Canada ATB Financial Bank of Montreal BDC Capital Canadian Western Bank Auditor Registrar & Transfer Agent Surge Energy KPMG LLP Odyssey Trust…
Appendix
WTI Hedging Summary 12,000 WTI Crude Oil Derivative Contracts Swaps Collars Bought Put Sold Put 10,000 Avg. Avg. Avg. Avg. Avg. Period Volumes Volumes Bought Sold Volumes Volumes Price Price Price Put Call 8,000 Volumes per…
Hedging Detail WCS and MSW Derivative Contracts Natural Gas Derivative Contracts WCS: Swaps MSW: Swaps Swaps Collars Avg. Avg. Average Average Period Volumes Price Volumes Avg. Price Period Vol. Price Vol. Bought Put Sold Call Q1…
Sparky Core Area Reserves Surge Dec 31, 2024 Sproule Sparky Core Area Reserves Oil Equivalent Net Booked Oil Gas NGLs Total Reserves Oil & Liquids BTax NPV10 Gross Reserves1 Locations (Mbbl) (Mmcf) (Mbbl) (Mboe) (%) (MM) Proved…
SE Saskatchewan Core Area Reserves Surge Dec 31, 2024 Sproule SE Sask/MB Area Reserves Oil Equivalent Net Booked Oil Gas NGLs Total Reserves Oil & Liquids BTax NPV10 Gross Reserves1 Locations (Mbbl) (Mmcf) (Mbbl) (Mboe) (%) (MM)…
Advisories - Non-GAAP & Other Financial Measures This presentation includes references to non-GAA P and other financial measure s use d by and timing o f deco mmissioning pro grams to achieve greater capital efficiencies an d as believes…
Advisories - Non-GAAP & Other Financial Measures Net Debt and Net Debt to Cash Flow from Operating Activities Operating Netback, Operating Netback per boe, and Adjusted Funds Flow per boe Net debt is a non-GAA P financial measure,…
Corporate Information TSX First Lien Lending Syndicate SGY.TO National Bank of Canada ATB Financial Bank of Montreal BDC Capital Canadian Western Bank Auditor Registrar & Transfer Agent Surge Energy KPMG LLP Odyssey Trust…
Loading...
