Surge Energy, Inc.(ZPTAF)- OTCPK - Current
  • Feb. 28, 2014, 3:54 PM
    • Surge Energy (ZPTAF +3.2%) says it has acquired ownership and control of 19.8% of Longview Oil (LGVWF +5.8%) from Advantage Oil & Gas (AAV +2.7%)at $4.45/share.
    • Surge intends to obtain a "large, strategic equity position" in Longview, at a competitive cost base, and to pursue a mutually beneficial business combination with Longview.
    • Surge says it has completed significant due diligence in relation to Longview assets, also initiating extensive, detailed financial modelling of a possible business combination between the companies.
    | Feb. 28, 2014, 3:54 PM
  • Feb. 10, 2014, 10:29 AM
    • Longview Oil (LGVWF +10.2%) says it is reviewing an unsolicited, non-binding takeover offer from an unidentified public company.
    • Longview provides few details except that the prospective bidder would pay for the deal with its own shares.
    • The company adopts a shareholder rights plan as a defensive move to provide its board with time to evaluate the offer and alternatives.
    | Feb. 10, 2014, 10:29 AM | 1 Comment
Company Description
Surge Energy Inc. is an oil focused E&P company that has a high quality crude oil reserve, production and cash flow base.
Industry: Major Integrated Oil & Gas
Country: Canada