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Surge Global Energy, Inc. (SRGG) news stock charts

Surge Global Energy, Inc. (SRGG/SRGG.OB) Investment Summary:

Surge Global Energy, Inc., a development stage company, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in Canada. The company, formerly known as The Havana Group, Inc., was founded in 1997 and is based in Solana Beach, California.
www.surgeglobalenergy.com
3 Employees
Founded in 1997

SURGE GLOBAL ENERGY INC (SRGG:OTC Bulletin Board Market)

LAST $0.14 USD
CHANGE TODAY 0.00 0.00%
VOLUME 5.0K
As of 8:10 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of SURGE GLOBAL ENERGY INC (SRGG)

OPEN
$0.14
PREVIOUS CLOSE
$0.14
DAY HIGH
$0.14
DAY LOW
$0.14
52 WEEK HIGH
03/12/10 - $0.18
52 WEEK LOW
03/19/09 - $0.02
MARKET CAP
4.4M
AVERAGE VOLUME 10 D
40.7K
EPS TTM
$-0.07
SHARES OUTSTANDING
31.4M
SRGG Does Not Pay Dividends
P/E TTM
--
K = Thousands  M = Millions  B = Billions

Key developments for SURGE GLOBAL ENERGY INC (SRGG)

Surge Global Energy, Inc. Announces Resignation of Directors

Surge Global Energy, Inc. announced that on February 19, 2010 Jeffrey Bernstein, Barry Nussbaum and Kenneth Polin resigned from directors of the company.

Surge Global Energy, Inc. Announces Acquisition of Pawnee County, Oklahoma Property

Surge Global Energy, Inc. announced that it has acquired a 75% working interest in four, and up to ten, existing oil and gas wells which had been drilled, and were producing previously, on a 40-acre lease in Pawnee County, Oklahoma for $300,000 under a purchase and equipment lease agreement with Mandalay Energy Resources, LLC. The terms of the agreement provide for the funds to be paid directly to Cavu Resources, Inc. under a turnkey contract to be used for rework and new equipment on the four oil and gas wells. The rework and equipment costs will be repaid to Surge in monthly installments of 75% of net income received from oil and gas purchaser each month up to a total of $40,000 per month until a total of $354,000 is paid in full. After payout, Surge will retain a 25% working interest in the property. Surge has the right to increase its investment in the property to 10 wells on the payment of an additional $364,000. Surge also has received an area of mutual interest on surrounding acreage and a security interest in the property until the lease is paid in full. The 40 acre property is projected to have reserves of 133,000 barrels of oil and gas equivalents from 10 wells and Surge's 25% share is projected to equal 33,000 gross barrels of reserves.

Surge Global Energy Inc. Amends Corporation's By-Laws ; Announces Board Changes

On November 5, 2009, the Board of Directors of Surge Global Energy Inc. amended subsections (b) and (c) of 'Section 3.5 Meetings' of the Corporation's By-Laws. Section 3.5(b) now reads Section 3.5(b) Regular meetings of the Corporation will be held monthly on the second Thursday of each month. The Chairman or the President shall serve each Board member, personally by mail or email, a written notice of the meeting, accompanied by an agenda and time of the meeting, at least three business days in advance of each meeting, addressed to each Board member at the address or email address that appears in the records of the Corporation. Section 3.5(c) is amended to special Meetings of the Corporation Special meetings of the Board may be called by the Chairman or the President at their discretion, or upon request to the Chairman or the President by any three or more members of the Board. On November 5, 2009, the Company elected Charles Sage as Chairman of the Board to replace Barry Nussbaum. Mr. Nussbaum continues to serve on the company's Board of Directors. Messrs. Sage and Nussbaum have served as directors of the Company since 2008.

Surge Global Energy, Inc. financial resources

otc, otcbb, pinksheet, SRGG, ob Surge Global Energy, Inc.

SRGG Competitors

Company Last Change
Bronco Energy Ltd C$0.27 CAD +0.005
MegaWest Energy Corp $0.14 USD 0.00
Southern Pacific Resource Corp C$0.95 CAD -0.01
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Industry Analysis

Valuation SRGG Industry Range
Price/Earnings -- Not Meaningful
Price/Sales -- Not Meaningful
Price/Book -- Not Meaningful
Price/Cash Flow -- Not Meaningful
TEV/Sales -- Not Meaningful

SRGG

SRGG transactions

Type
Date
Target
Private Placement
January 19, 2010
--
Merger/Acquisition
December 8, 2009
40 Acre Lease in Pawnee County
Merger/Acquisition
October 20, 2009
11 Good Energy, Inc.

More Recent Financial News About Surge Global Energy, Inc.

SURGE GLOBAL ENERGY, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Ex

Quote:
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Surge Global Energy Announces Acquisition of Pawnee County, Oklahoma Property

Quote: Jamie Schloss, CEO of Surge, stated "We are pleased with the acquisition of the Pawnee County property and it is a major step in the Company's transition to an operating oil & gas company." ABOUT SURGE GLOBAL ENERGY, INC. Surge is engaged in the acquisition of crude oil and natural gas properties in the United States and Canada. Surge also seeks investment in developing oil and natural gas projects and companies engaged in alternative fuel technologies. Surge is committed to the creation ...
Read article

SURGE GLOBAL ENERGY, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Regulation FD Disclosure

Quote: Item 1.01 Entry into a Material Definitive Agreement. Surge Global Energy, Inc. ("Surge") is engaged in the acquisition of crude oil and natural gas properties in the United States and Canada. Surge also seeks investment in developing oil and natural gas projects and companies engaged in alternative fuel technologies. In this respect, on December 8, 2009, acquired a 75% working interest (until payout) in four, and up to ten, existing oil and gas wells which had been drilled, and were ...
Read article

Surge Global Energy Announces Acquisition of Pawnee County, Oklahoma Property

Quote: Jamie Schloss, CEO of Surge, stated "We are pleased with the acquisition of the Pawnee County property and it is a major step in the Company's transition to an operating oil & gas company." ABOUT SURGE GLOBAL ENERGY, INC. Surge is engaged in the acquisition of crude oil and natural gas properties in the United States and Canada. Surge also seeks investment in developing oil and natural gas projects and companies engaged in alternative fuel technologies. Surge is committed to the creation ...
Read article

SURGE GLOBAL ENERGY, INC. Files SEC form 10-Q, Quarterly Report

Quote:
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SURGE GLOBAL ENERGY, INC. Files SEC form 8-K, Other Events

Quote: Item 8.01 Other Events Surge Global Energy, Inc. ("Surge") has been advised by the Court of Queen's Bench of Alberta that on September 8, 2009 the Dynamo Energy Corporation lawsuit against Surge and all other defendants was dismissed in its entirety with prejudice and without any awards granted to Dynamo effective as of June 29, 2009. In view of this dismissal, Surge is in the process of seeking return of 2,522,214 Andora Energy Corporation ("Andora") shares which were previ...
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SURGE GLOBAL ENERGY, INC. Files SEC form 10-Q, Quarterly Report

Quote:
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SURGE GLOBAL ENERGY, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Ex

Quote: Item 1.01 Material Definitive Agreement On July 13, 2009, Surge Global Energy, Inc. ("Surge") finalized the settlement of its legal dispute with its former director Daniel Schreiber and Granite Financial Group, Inc., a company owned by Mr. Schreiber. History: On June 23, 2008, the Company's former CEO, David Perez, filed a complaint against the Company in Superior Court in San Diego, California, alleging Breach of Contract and seeking Declaratory Relief. Mr. Perez' claims were for b...
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SURGE GLOBAL ENERGY, INC. Files SEC form 10-Q, Quarterly Report

Quote:
Read article

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