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Surge Energy Inc

137 employees

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.

Investor insights

Funding rounds participated in

$129M sweet spot round size

Investor type

Public Company

Basic info

Industry

Oil and Gas

Sectors

Oil and Gas

Date founded

2010

Funding rounds raised

Total raised

$129M

from investors over 1 rounds

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Surge Energy Inc raised $129M on September 21, 2024

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