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Surge Global Energy, Inc. (SRGG)

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Last Post: 8/3/2017 9:35:01 AM - Followers: 16 - Board type: Free - Posts Today: 0

Sawn Lake Project, Alberta, Canada Surge subsidiary Signet Energy Inc., formerly known as Surge Global Energy (Canada) Ltd., located in Calgary, Alberta, Canada, operating under a farmout agreement it entered on February 25, 2005 with Deep Well Oil & Gas Inc. and Northern Alberta Oil Ltd., is currently the operator of the Sawn Lake Oil Sands Development in Alberta, Canada. The Sawn Lake Oil Sands Development has been estimated by two respected third-party petroleum engineering firms to contain a total of 820 million to 1.2 billion barrels of oil resource in place of which Signet Energy has a 40% working interest. The development consists of 69.5 contiguous sections covering 44,480 acres in the Sawn Lake area of Alberta, Canada. Key Milestones in the Sawn Lake Oil Sands Development: Surge announces intent to acquire 40% working interest in Sawn Lake (10 February 2005) Received approval to drill first horizontal production well at Sawn Lake (19 October 2005) Spudded first well at Sawn Lake (25 September 2005) Drilled and cased the first horizontal well at Sawn Lake (6 December 2005) Surge’s subsidiary, Signet, operator of Sawn Lake project, completes round of financing, which will help advance the drilling program (28 December 2005) Began testing production on first well at Sawn Lake (January 2005) Kitty Area, Keg River Formation, North Central Alberta, Canada Surge entered into a farmout agreement with Kelso Energy (TXS-V: KEL) for oil and gas exploration of two and a half sections in the Keg River Formation, also known as the ‘Granite Wash,’ in the Kitty area of North Central Alberta, Canada on March 6, 2006. Volumetric calculations of the farmout lands show potential original light oil in place of approximately five million barrels with large recovery factors expected to be in excess of 25 percent, as is the norm for this field. Upon the completion of its farmee commitments, Surge will earn from 60 to 100 percent working interest in oil and gas produced from the farmout lands. High Quality Characteristics of Keg River sandstones: Sands occur at a depth of about 1500 M. (4900 feet) Net porous sands from 2 to over 8 meters Porosity 15-25 percent, typically 18 percent Horizontal permeability 500 to occasionally over 10,000 millidarcies Net sweet oil pay 2 to 6 meters Deliverability generally about 200 STBOPD and occasionally to over 600 STBOPD API gravity - 40 degrees GOR 200 ft3/barrel (gas oil ratio ~200 cubic feet per barrel) All existing pools are Good Production Practice and not subjected to production rate limits Santa Rosa Dome Project, Mendoza Province, Argentina Surge holds a 17.52% working interest in the Santa Rosa Dome project in the Mendoza province of Argentina. Surge along with its joint operating partners, Oromin Explorations Ltd. (“Oromin”) and Ottoman Energy Ltd. (“Ottoman”), anticipate the exploration work to include the drilling of up to three exploration wells to around 1,250 meters each. The Santa Rosa Project is a 7,694 square kilometer exploration block located in the eastern part of the prolific Cuyana Basin in Argentina’s Mendoza Province. The Cuyana Basin has already produced about 970 million barrels of oil from fields located in the western half of the basin. The eastern part of the basin is under-explored due to the presumed absence of structures capable of trapping significant hydrocarbons. The Santa Rosa concession, however, contains a domal structure of over 220 square kilometers that may lie on a likely hydrocarbon migration fairway. The dome has not been yet been tested by drilling. Seismic work carried out by Oromin indicates the likely presence of reservoir quality rocks over the structure with a regional seal covering the entire area. The exploration work comprises some further seismic modeling and the drilling of two or three wells on or near the crest of the dome. Oromin and Ottoman anticipate that the drilling program will take place towards the end of 2006, depending on the timing of the final award of the concession and on rig availability. Oromin currently owns 82.48% of the concession and Surge Global Energy Inc. holds a 17.52% working interest in the project. December 1, 2006 - 9:25 AM EST Surge Announces the Acquisition of a Private Oil Sands Company SAN DIEGO, Dec. 1, 2006 (PRIME NEWSWIRE) -- Surge Global Energy, Inc. ("Surge") (OTCBB:SRGG) announced today that it has entered into a stock purchase agreement ("Agreement") for the acquisition ("Acquisition") of a privately owned oils sands company located in Alberta, Canada ("Oil Sands Company"). Under the terms of the Agreement, the shareholders of the Oil Sands Company will receive CDN$6,350,000 and 8,965,390 shares of preferred stock ("Exchangeable Shares") of Cold Flow Energy, ULC ("Cold Flow") valued at CDN$10,000,000. Cold Flow is a wholly-owned subsidiary of Surge. The rights, privileges and restrictions governing the Exchangeable Shares will provide that each whole Exchangeable Share may be exchanged for two shares of Surge common stock for a period of 5 years following the closing. The initial closing date is anticipated to be January 18, 2007. The Oil Sands Company owns an undivided 30% working interest in 135 square miles, 86,400 acres (Net 40.5 sections or 25,920 acres) in the Red Earth area of Alberta which is comprised of Oil Sands Leases within Townships 87, 88 and 89, Ranges 7, 8, 9, 10 and 11 W5M (the "Properties"). David Perez, CEO and Chairman of Surge stated, "This is a very significant acquisition for Surge. The oil sands development project consists of 4 major contiguous blocks located in close proximity to existing services and infrastructure. A respected independent third party engineering firm has estimated Original Crude Bitumen in place to be up to 2.0 billion barrels. Under the Oil Sands Company's 30% working interest, this would amount to an expected 600 million barrels of Original Crude Bitumen in place." Using an Enhanced Oil Recovery ("EOR") program like Cyclical Steam or other EOR thermal process, the properties could potentially yield between 180 and 300 million barrels net recoverable to Cold Flow at recovery factors ranging from 30% up to 50% of Original Crude Bitumen in place. Details of the Acquisition will be included in Surge's 8-K to be filed with the Securities Exchange Commission. About the Canadian Oil Sands Alberta's oil sands contain the biggest known reserve of oil in the world. According to the Alberta Energy and Utilities Board (EUB) (http://www.eub.ca), an estimated 1.7 to 2.5 trillion barrels of oil are trapped in a complex mixture of sand, water and clay. 2005 EUB 'Reserves Report' indicates that last year, Alberta's bitumen production totaled 388 million barrels. Going forward, the EUB expects Alberta's bitumen production to increase to more than one billion barrels per year by 2015. Total raw bitumen production - the petroleum product directly obtained from oil sands - exceeded total conventional crude oil production in the Province for the first time during 2001. In 2005, Alberta oil sands production has been approximately equal to Alberta's light and heavy conventional crude production. About Surge Global Energy, Inc. Surge Global Energy, Inc., located in San Diego, California is focusing exclusively on opportunities in the Canadian Heavy Oil Sands. Exploitation Opportunity Surge is the largest shareholder of Signet Energy, Inc., the operator of the Sawn Lake Oil Sands project. For more information on the company please visit http://www.SurgeGlobalEnergy.com. The Surge Global Energy, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2471 CONTACT: Surge Global Energy, Inc. Investor Relations William Greene, Chief Financial Officer (858) 704-5009 (Direct) Fax: (858) 704-5011 bgreene@surgeglobalenergy.com Media Relations Sheila Rockwell, Controller (858) 704-5012 (Direct) Fax: (858) 704-5013 srockwell@surgeglobalenergy.com
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PostSubject
#113   SRGG SEC Suspension for delinquent Financials/Filings: Renee 08/03/17 09:35:00 AM
#112   YOU WRITE THAT ON EVERY SINGLE MESSAGE BOARD!! UKTRADES 02/20/14 02:12:14 PM
#111   SRGG is smells like a winner kranthikumar 02/03/14 10:09:12 AM
#110   Hola Surge, como esta? Esta lista a corra fuerte? ErnieBilco 02/02/14 02:28:35 PM
#109   Good news!!!........ UKTRADES 11/01/13 11:20:13 AM
#108   SRGG is up by 100% kranthikumar 10/02/13 09:51:51 AM
#107   What's the story here? Low float and volume? janderson2000 08/22/13 01:04:51 AM
#106   Interesting stock..... Marked! Jbob 08/21/13 07:13:14 AM
#105   hmmmm :) Planopenny 08/11/13 07:17:06 PM
#104   Item 1.01 Entry into Material Definitive Agreements. Planopenny 08/07/13 11:54:33 AM
#103   going to mod this one...I think it's getting close Planopenny 08/07/13 11:53:13 AM
#102   http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9436991 Planopenny 08/07/13 10:54:59 AM
#101   when is this beast going to run? think Planopenny 07/27/13 02:11:08 PM
#100   amazing energy ;) Planopenny 05/15/13 11:55:57 PM
#99   SRGGD Surge Global Energy, Inc. > SRGG Surge TMcNasty 03/21/13 06:46:03 PM
#98   What are your thoughts here brother? Didn't trust the process 03/13/13 01:17:09 AM
#97   SRGG one for 20 reverse split: Renee 02/21/13 05:21:57 PM
#96   more finds :) Planopenny 12/30/12 11:24:40 AM
#95   Very Interesting... Happy Holidays Plano - I thought that Sentrex1969 12/30/12 10:00:27 AM
#94   http://www.thefitzgroup.net/residential.php The Fitzgerald Group, along with its clients, own, Planopenny 12/29/12 05:39:18 PM
#93   you recall correctly...clean. We know nothing about the Planopenny 12/13/12 10:26:31 AM
#92   After the hits there was 900,000 on the Sentrex1969 12/12/12 08:38:05 PM
#91   is right Roy London 12/12/12 08:18:53 PM
#90   Hmmmm... Sentrex1969 12/12/12 04:10:33 PM
#89   I's wait to till after the split. Whitelightnin 11/27/12 10:23:48 AM
#88   ya, no idea what they are bringing in. Planopenny 11/27/12 08:23:00 AM
#87   1-20 R/S increasing after the R/S and a Whitelightnin 11/27/12 12:11:13 AM
#86   interesting gamble Planopenny 11/21/12 02:35:13 PM
#85   They paid off the liabilities so SRGG will e-ore 11/21/12 02:34:40 PM
#84   they sold the company looks like...still reading...1-20 RS Planopenny 11/21/12 01:47:48 PM
#83   In addition, the Company used approximately $82,765 of Planopenny 11/21/12 01:47:26 PM
#82   SRGG 10Q November 14, 2012 Sentrex1969 11/21/12 11:01:20 AM
#81   Rock a by baby..... Zzzzz Sentrex1969 11/14/12 08:05:09 AM
#80   Definitely. And imo they are worth double what e-ore 06/25/12 07:48:08 AM
#79   Another Asher note...for what? Must be planning something Planopenny 06/24/12 11:28:06 PM
#78   SRGG - From 10q filed 5/15/12: e-ore 05/15/12 02:59:04 PM
#77   I agree, very much liking the possibilities here. e-ore 05/08/12 08:08:53 AM
#76   nice moves today...got a few more recently...anything under Planopenny 05/07/12 11:45:32 PM
#75   I'm patiently waiting as well. I've tried for e-ore 04/09/12 02:39:32 PM
#74   Still have some shares here...Will buy more if Planopenny 04/09/12 02:35:33 PM
#73   not getting my shares...I am trying to get Planopenny 03/30/12 09:30:07 AM
#72   it's funny how some keep tapping the bid, xZx 03/29/12 04:06:43 PM
#71   indeed. looking really good here. xZx 03/29/12 04:03:05 PM
#70   Yep... I saw that... rare move on the OTCBB's! eom7 03/29/12 01:45:44 PM
#69   That's not all. They sold a loan they e-ore 03/29/12 01:43:07 PM
#68   Canada eom7 03/29/12 01:36:05 PM
#67   Wrong...worth a hell of a lot more than Planopenny 03/29/12 01:27:46 PM
#66   As of December 31, 2011, we owned a eom7 03/29/12 01:25:48 PM
#65   SRGG owns a interest in a private company Planopenny 03/29/12 01:22:57 PM
#64   Can you explain that please? Andora Shares? TIA eom7 03/29/12 01:04:10 PM
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