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 elite, 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. Surge Management employs an orderly, on-going risk management/hedging program designed to maintain and protect the balance sheet and capital projects. Surge’s common shares trade on the Toronto Stock Exchange under the symbol SGY.
Location: Canada, Alberta, Calgary
Employees: 51-200
Total raised: $70M
Founded date: 2010
Funding Rounds 1
| Date | Series | Amount | Investors |
| 01.11.2022 | - | $70M | - |
Mentions in press and media 1
| Date | Title | Description |
| 03.11.2022 | Surge Energy Inc. Announces Upsizing of Previously Announced Equity Financing | /EIN News/ -- CALGARY, Alberta, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Surge Energy Inc. (“Surge”, “SGY”, or the “Company”) (TSX: SGY) is pleased to announce that, as a result of excess demand, it has agreed with the syndicate of underwriters le... |