Surge Energy Inc. is an oil focused E&P company that has high-quality cash flow base driven by its conventional, medium to light crude oil reserves and low decline production base. Surge’s operated, reservoirs are characterized as having large original oil in place (OOIP) with low recover factors.
Surge has identified over 975 net drilling locations on the Company’s lands, providing over 13 years of drilling inventory in addition to numerous high quality waterflood projects and future opportunities.
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The company has not participated in any projects.
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Surge Energy Inc. and Enerplus Corporation have signed a definitive purchase and sale agreement for the water-flooded oil assets in Canada for CAD245 million (US$184.5 million). The assets produ...
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