09:52 AM EST - Surge Energy Inc. : announced today that it has entered into an agreement to acquire certain high quality, low decline, operated, light oil producing assets strategically located in the Company's core area of SE Saskatchewan. The Assets include an estimated annualized 1,250 boepd (97% oil) of high netback light crude oil production. The purchase price for the Assets is $109 million, payable in cash. Surge Energy Inc.
shares T.SGY are trading down $0.15 at $6.40.
