Surge Energy Announces Continued Expansion of Crude Oil Discovery at Shaunavon, Saskatchewan; and $430 Million Asset Sale of SE Saskatchewan and Manitoba
CALGARY, April 27, 2015- Surge Energy Inc. ("Surge" or the "Company") (TSX:SGY.TO) announces that its previously disclosed Upper Shaunavon crude oil discovery in SW Saskatchewan is continuing to expand with excellent on-going delineation drilling results. Surge now believes that this high quality, conventional sandstone pool is over 250 million barrels of net original oil in place ("OOIP"1), with over 200 (net) low risk development drilling locations, and full waterflood upside.
- Published: 27 April 2015
- Written by Editor