ZPTAF Company Profile and Key Details

Surge Energy Inc. is an energy company primarily focused on the exploration, development, and extraction of oil and natural gas resources across western Canada. Its operational portfolio includes significant stakes in key Canadian properties. These assets include the Greater Sawn Lake region in Northern Alberta, the Valhalla/Wembley area situated in northwestern Alberta, the Sparky fields stretching between Provost and Wainwright in eastern Alberta and western Saskatchewan, and the Shaunavon properties located southwest of Swift Current, Saskatchewan. As of December 31, 2021: In the Greater Sawn area, Surge Energy held an average working interest of roughly 84% across 123,884 net developed acres and approximately 83% in 68,031 net undeveloped acres, encompassing 362 net oil and 20 net gas wells. Within the Valhalla area, the company possessed an average 70% working interest in 22,920 net developed acres and about 72% in 10,680 net undeveloped acres, along with 100 net oil and 9 net gas wells. For its Sparky assets, Surge reported an average 90% working interest in 59,655 net developed acres and 98% in 47,398 net undeveloped acres, alongside 424 net oil and 6 net gas wells. Lastly, the Shaunavon properties included 185 net oil wells, where the company maintained an approximate 100% working interest over 24,249 net developed acres and 12,021 net undeveloped acres. The company was established in 1998, initially operating under the name Zapata Energy Corporation. It subsequently rebranded as Surge Energy Inc. in June 2010. Its corporate headquarters are located in Calgary, Canada.