09:53 AM EST - Surge Energy Inc. : announced today that it has entered into an agreement to acquire a high-quality, low-decline, operated, crude oil producing asset strategically located near Wainwright in the Company's core area of Central Alberta. The Assets include over 980 barrels per day of primarily medium gravity crude oil production (with a historical 9% annual decline), producing from the Sparky Formation. The purchase price for the Assets is $76.8 million, payable in cash. Surge Energy Inc.
shares T.SGY are trading up $0.03 at $6.75.
