Houston, Texas — According to state and local economic development sources Surge Energy plans to invest $1,280,000.00 to build out 64,018 square feet of new space in Houston. The company plans to occupy the new space at 11330 Clay Suite 2000 in Houston, on or about March 1, 2023. According to the company website 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. Surges 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. Surges common shares trade on the Toronto Stock Exchange under the symbol SGY.

To learn more about Surge Energy, visit http://www.surgeenergya.com/

Company Contact:
Linhua Guan, Chief Executive Officer
lguan@surgeenergya.com
https://www.linkedin.com/in/linhuaguan/
832-333-2300

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