Paul Colborne buying at Surge Energy (SGY)

Paul Colborne buying at Surge Energy (T:SGY)

Paul Colborne, CEO and Director, acquired 60,000 Common Shares on a direct ownership basis at prices ranging from $2.040 to $2.180 between December 27th, 2017 and January 5th, 2018. This represents a $126,200 investment into the company's shares and an account share holdings change of 1.6%.

Surge Energy is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Surge Energy Inc is a Canada-based exploration and production company (E&P). The Company is positioned to provide shareholders with long term sustainability by exploiting its assets in a financially disciplined manner and by acquiring additional long life oil and gas assets of a similar nature. Its assets are comprised primarily of operated oil-weighted properties characterized by a promising original oil-in-place (OOIP) crude oil reservoirs with low recovery factors and an inventory of around 700 gross low risk development drilling locations and several water flood projects. The Company continues to identify and pursue acquisitions with synergistic characteristics such as existing long life producing assets or opportunities with low risk upside potential.