Asset PerformanceSurge exemplifies improved asset performance and favorable valuations, with its Sparky and Frobisher plays yielding some of the industry’s best wells.
Financial PerformanceProduction and cash flow per share were meaningfully above expectations, while maintaining spending levels, indicating confidence in long-term growth.
Growth PotentialResults from Hope Valley (Sparky) wells have averaged production rates about 30% better than the type curve, with significant growth potential from additional locations.