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.