Terms and Conditions of Use
Surge Energy Inc. (“Surge”) reserves the right to change these Terms and Conditions at any time. Your continued access to or use of this website after such changes indicates your acceptance of these Terms and Conditions as modified. It is your responsibility to review these Terms and Conditions regularly.
Disclaimer and Limitation of Liability
Although Surge believes the content on this website to be accurate and complete at the time of posting of such content and attempts to ensure that all information and material remain current and accurate, Surge does not warrant the accuracy, completeness and/or currency of the content at all times. No warranty of any kind, implied, express or statutory, including, but not limited to, warranties as to non-infringement of intellectual property rights or third-party rights, title, latent defects, uninterrupted service, merchantability, fitness for a particular purpose and freedom from computer viruses or other contaminating or destructive properties, is given in conjunction with this website, the content or any other information, materials and software algorithms. Surge does not represent or warrant that this website or the content will meet your requirements or that their use will be uninterrupted or error free.
In no event shall Surge be liable for any damages, including without limitation, direct or indirect, special, incidental or consequential damage, loss of profits, opportunities or information arising in connection with the website, even if Surge is made aware of the possibility of such damage, losses, claims or expenses.
Information contained in this website is for information purposes only and may only be used for your personal, non-commercial use. The website and the information (including changes to the terms herein) may be changed or updated from time to time without notice and any such changes or updates will be effective immediately. In consideration for using our website, you agree to hold Surge and its directors, officers, employees and agents harmless against any claims for damages or costs or any loss of any kind arising out of the access to or use of this website or any information contained in or obtained through this website.
Content on this website is for information purposes only and does not constitute a solicitation or an offering of securities in any jurisdiction. Information that may be previously disclosed under corporate or securities legislation of Canada or other jurisdictions that may be applicable to Surge is not intended in any way to be amended, modified or supplemented by information available on this website. The information set out in this website should not be used for the purpose of making investment decisions.
The documents and information available on this website are provided as a convenience only, and where any documents on this website have been filed in accordance with applicable securities laws, such documents are not the official versions of Surge’s securities laws disclosure documents and the user is directed to obtain official copies either from applicable securities regulators or from the Surge.
Caution Regarding Forward-Looking Information
This website contains certain forward-looking statements (forecasts) under applicable securities laws relating to future events or future performance. Forward-looking statements are necessarily based upon assumptions and judgements with respect to the future including, but not limited to, the outlook for commodity markets and capital markets, the performance of producing wells and reservoirs, well development and operating performance, general economic and business conditions, weather, the regulatory and legal environment and other risks associated with oil and gas operations. In some cases, forward-looking statements can be identified by terminology such as “may”, “will”, “should”, “expect”, “projects”, “plans”, “anticipates” and similar expressions. These statements represent management’s expectations or beliefs concerning, among other things, future operating results and various components thereof affecting the economic performance of Surge. Undue reliance should not be placed on these forward-looking statements which are based upon management’s assumptions and are subject to known and unknown risks and uncertainties, including the business risks discussed above, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted.
All forward-looking statements contained on this website are based on Surge’s beliefs and assumptions based on information available at the time the assumption was made. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward looking statements. By its nature, such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward looking statements. While Surge believes the expectations reflected in those forward looking statements are reasonable, no assurance can be given that these expectations will prove to be correct and such forward looking statements contained throughout this website should not be unduly relied upon. These statements speak only as of the date specified in the statements..
Presentation of Oil and Gas Information
This website may contain certain reserves estimates and/or related estimates of net present values. Such information has been prepared in compliance with Canadian reserves disclosure standards and reserves definitions as set out in National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (“NI 51-101”) and in accordance with the definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook. As permitted by NI 51-101, the reserves and related net present value of future net revenue from certain oil and gas reserves information that may be available on this website from time to time have been determined using only forecast prices and costs. There is no assurance that the forecast price and cost assumptions estimated will be attained and variances could be material. The recovery and reserves estimates are estimates only and there is no guarantee that the estimated reserves will be recovered. Actual reserves may be greater or less than estimates provided from time to time on this website.
NI 51-101 permits oil and gas issuers to disclose not only proved, probable and possible reserves, but also resources, and to disclose reserves and production on a gross basis before deducting royalties. Probable reserves, possible reserves and resources are of a higher risk and are less likely to be accurately estimated or recovered than proved reserves. Surge is permitted to disclose reserves in accordance with applicable Canadian securities law requirements and the disclosure that may be contained on this website includes reserves designated as probable reserves, possible reserves and resources, as defined under Canadian standards.
Surge has adopted the standard of six thousand cubic feet (“Mcf”) to one barrel (“bbl”) when converting natural gas to oil equivalent. Barrel of oil equivalent (“boe”) conversions may be misleading particularly if used in isolation. A boe conversion ratio of 6 Mcf:1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
This website may contain references to financial measures that not defined by International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board and therefore are referred to as non-IFRS measures. Non-IFRS measures do not have a standardized meaning and may not be comparable to similar measures presented by other issuers. Non-IFRS measures should not be considered as an alternative to or more meaningful than IFRS measures, such as net income or cash flow from operating activities (as determined in accordance with IFRS), as an indication of Surge’s performance.
Confidentiality and Viruses
The Internet is not a fully secure medium and, therefore, confidentiality and privacy cannot be ensured. Surge will not be liable for any damages resulting from the transmission, interception or corruption of communications to or from this website.
The downloading of content is done at your own risk. Surge cannot and does not guarantee or warrant that the website or the content are compatible with your computer systems or that the website or the content will be free of viruses, worms, trojan horses or disabling devices or other code that manifests contaminating or destructive properties. You are responsible for implementing safeguards to protect the security and integrity of your computer system and you are responsible for the entire cost of any service, repairs or connections of and to your computer system which may be necessary as a result of your use of the website.
Any visitor to this website providing information to Surge agrees that Surge shall have no obligation with respect to such information and shall be free to use, distribute, disclose and reproduce the information to others and shall be free to use any ideas, concepts, know-how or techniques contained in the information for any purpose whatsoever. Any information provided by a visitor to the Surge website shall be non-proprietary and deemed to be non-confidential and must be truthful, legal and not violate the rights of others.
No Unlawful or Prohibited Use
You agree that you will not, without our prior written permission, use the website and the content for purposes other than your own personal non-commercial use and benefit. You may not frame the website or the content or any part thereof on any commercial or non-commercial internet website. You acquire absolutely no rights or licences to the website or the content other than the limited right to use the website and the content in accordance with these Terms and Conditions. You agree that you will not use the website for any purpose that is unlawful. Except as expressly provided in these Terms and Conditions, any reproduction, retransmission, distribution, sale, republication, modification, translation of or creation of derivative works based on the website or the content, in whole or in part, and any de-compilation disassembly, reverse engineering or other exploitation of the website, without prior written permission, is strictly prohibited.
Copyright and Trade-Mark Notices
All content, designs, graphics, pictures, illustrations, software, artwork, video, music, sound, names, words, titles, phrases, logos and marks displayed on the website or in the content are owned (or licensed or used with permission or used under fair use/fair dealing provisions) by Surge and are protected by copyright, trademark and other intellectual property laws and treaty provision laws.
The website may, from time to time, provide links to third-party websites. Such links are accepted by you “as is”, “where is” and “as available” and are subject to the disclaimers and limitations set forth in these Terms and Conditions. Surge does not endorse the information contained in those websites or guarantee their quality, accuracy, reliability, completeness, currency, timeliness, non-infringement, merchantability or fitness for any purpose.
The content in and the privacy practices of any linked websites are not under Surge’s control. If you choose to access any such website, you do so entirely at your own risk. Surge shall not be responsible or liable, directly or indirectly, for any damage or loss, caused or alleged to be caused by or in connection with the use of or the reliance upon any information, content, goods or services available in or through any third-party websites or linked resources.
The content and any other information contained in this website, including these Terms and Conditions, are deemed to be provided in Alberta and are governed by the laws of the Province of Alberta and the laws of Canada applicable therein. These laws apply to the use of the website or the content by you, notwithstanding your domicile, residency or physical location. The website and the content are intended for use only in jurisdictions where it may lawfully be offered for use. You also agree that any claims or disputes whatsoever arising hereunder shall be submitted to the exclusive jurisdiction and venue of the courts of the Province of Alberta and acknowledge that you do so voluntarily.
Any rights not expressly granted herein are reserved.