Surge Global Energy, Inc. (OTCBB:SRGG), recently announced acquisition candidate Peace Oil Corp. ("Peace Oil"), which holds a 30% undivided working interest in 86,400 acres of prospective oil sands leases within the Peace River and Athabasca Oil Sands areas located in north-central Alberta (The Red Earth Spinnaker property), today reported the results from its initial exploration program.
During the period between August and December 2006, Peace Oil and its partner drilled, cored and logged seven (7) Oil Sands evaluation wells in the Spirit River/Bluesky formations. Six (6) of the evaluation wells were drilled to evaluate the Bluesky formation and the seventh was drilled to evaluate the Spirit River group. The seven (7) evaluation wells, drilled to date, cover approximately 3,840 acres of the 86,400 acres encompassing the Spinnaker property.
Market Data 
Markets 
AI
