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Surge Energy Inc2100, 635, 8th Ave. SW, Calgary, Alberta, Canada

Memberships : NA
Industry : Oil & Gas
Basic Member
Since Oct, 2016
About Company

Surge Energy Inc. is an oil focused E&P company that has a high quality crude oil reserve, production and cash flow base. Surge has elite, operated properties characterized by large OOIP crude oil reservoirs with low recovery factors, an extensive 14 year inventory of more than 700 net low risk development drilling locations, several high quality waterflood projects, and an excellent balance sheet. Surge's management team has initiated an orderly, on-going risk management/hedging program designed to protect cash flows, fund capital expenditures, and to pay dividends

Surge Energy Inc. has the highest standards of honesty, business ethics and integrity. Managements' stated goal is to be the best positioned junior/intermediate oil and gas company in Canada.

Surge has a high quality crude oil reserve, production and cash flow base, focused in just three areas. The Company has elite, operated properties characterized by large OOIP crude oil reservoirs with low recovery factors. Surge has an extensive 14 year inventory of more than 700 net low risk development drilling locations, several high quality waterflood projects, and an excellent balance sheet. Management has initiated an orderly, on-going risk management/hedging program designed to protect cash flows, fund capital expenditures, and to pay dividends. Surge's common shares currently trade on the Toronto Stock Exchange under the symbol SGY.

Defined Business Strategy:

Provide a sustainable, protected, annual dividend to shareholders, payable monthly; and
Grow, cost effectively, at 3-5% per year on a reserves, production and cash flow per share basis; and
Pursue additional growth through accretive acquisitions targeting high quality, large OOIP assets, with low recovery factors.

Company NameSurge Energy Inc
Business CategoryOil & Gas
Address2100, 635, 8th Ave. SW
Calgary
Alberta
Canada
ZIP: T2P 3M3
PresidentPaul Colborne, President & Chief Executive Officer
Year Established2010
Employees200
MembershipsNA
Hours of OperationNA
Company Services
  • Oil
  • Energy