24 Sept 2008auditor change● Neutral
Surge dismissed auditor RBSM and hired GBH CPAs of Houston, the first of what became five auditor changes in seven years. RBSM's 2006 opinion had already flagged doubt about the company surviving.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Sept 2008director interest notice● Neutral
Surge Global Energy, Inc. insider Fisher Family Trust sold 500,000 shares at $0.07.
22 Aug 2008material agreement● NeutralMajor
Surge tried to become an operator again on a much smaller scale, paying about $500,000 to Tetuan Resources for 2,500 acres of Nevada oil leases with an obligation to drill a test well by August 2009 and a $1.5 million cap on spending per well. From 86,400 acres of oil sands to a single wildcat in Nevada.
22 Aug 2008director interest notice● Neutral
Surge Global Energy, Inc. director Barry Nussbaum bought 32,500 shares on the open market at $0.10.
7 Aug 2008listing compliance notice▼ Bad
Surge Global Energy, Inc. withdrew a registration statement, abandoning the offering it covered.
24 July 2008substantial holder notice● Neutral
Mark C. Fritz reported a Surge Global Energy, Inc. shareholding of 4,487,500 shares (13.48% of votes) in a periodic institutional filing.
23 July 2008substantial holder notice● Neutral
Barry Nussbaum reported a Surge Global Energy, Inc. shareholding of 2,225,000 shares (6.59% of votes) in a periodic institutional filing.
23 July 2008substantial holder notice● Neutral
E. Jamie Schloss reported a Surge Global Energy, Inc. shareholding of 3,155,000 shares (9.69% of votes) in a periodic institutional filing.
16 July 2008director interest notice● Neutral
Surge Global Energy, Inc. director Edwin J Korhonen received a stock option grant for 300,000 shares.
16 July 2008director interest notice● Neutral
Edwin J Korhonen became a Surge Global Energy, Inc. director and company insider (initial ownership filing).
15 July 2008director interest notice● Neutral
Fisher Family Trust became a Surge Global Energy, Inc. company insider (initial ownership filing).
2 July 2008asset acquisition disposition▼ BadMajor
Surge sold what was left of Peace Oil - the shell of it, after Red Earth had gone - for C$13.1 million, mostly the cancellation of intercompany debt, against a cost base of C$14.5 million. A small loss, and the end of Surge's Canadian operating structure.
23 June 2008material agreement● NeutralMajor
E. Jamie Schloss came back as both chief executive and finance chief on a guaranteed contract to April 2010, half his salary deferred into stock - one man running a company whose assets were now shares in Andora and North Peace. Surge also bought out a minority holder of Cold Flow preferred using North Peace shares as currency.
19 June 2008director interest notice● Neutral
Surge Global Energy, Inc. director Fisher Family Trust disposed of 3,310,290 shares via option/appreciation-right settlement.
15 May 2008late filing notice▼ Bad
Surge Global Energy, Inc. notified the SEC that its quarterly report would be filed late.
31 Mar 2008late filing notice▼ Bad
Surge Global Energy, Inc. notified the SEC that its annual report would be filed late.
24 Mar 2008material agreement▼ BadMajor
Surge sold its 17.52% of Cynthia Holdings back to the same related parties it bought from - Oromin, Irie Isle and director Chet Idziszek - for $600,000 cash and the return of a million Surge shares. The Argentine interest the 2002 reverse merger was built around was gone, six years on, without ever producing anything.
20 Mar 2008director interest notice● Neutral
Surge Global Energy, Inc. Chief Executive Officer E Jamie Schloss received a stock option grant for 1,700,000 shares.
20 Mar 2008director interest notice● Neutral
Surge Global Energy, Inc. director Kenneth Polin received a stock option grant for 500,000 shares.
20 Mar 2008director interest notice● Neutral
Kenneth Polin became a Surge Global Energy, Inc. director and company insider (initial ownership filing).
20 Mar 2008director interest notice● Neutral
Surge Global Energy, Inc. director Barry Nussbaum received a stock option grant for 2,500,000 shares.
4 Mar 2008director interest notice● Neutral
Surge Global Energy, Inc. director Barry Nussbaum received a stock option grant for 2,500,000 shares.
3 Mar 2008director interest notice● Neutral
Surge Global Energy, Inc. director Charles V Sage received a stock option grant for 500,000 shares.
3 Mar 2008director interest notice● Neutral
Surge Global Energy, Inc. director Barry Nussbaum received a stock option grant for 2,500,000 shares.
3 Mar 2008director interest notice● Neutral
Surge Global Energy, Inc. Chief Executive Officer E Jamie Schloss received a stock option grant for 1,700,000 shares.
3 Mar 2008director interest notice● Neutral
Surge Global Energy, Inc. director Jeffrey Lewis Bernstein received a stock option grant for 500,000 shares.
29 Feb 2008director interest notice● Neutral
E Jamie Schloss became a Surge Global Energy, Inc. director and company insider (initial ownership filing).
29 Feb 2008director interest notice● Neutral
Barry Nussbaum became a Surge Global Energy, Inc. director and company insider (initial ownership filing).
25 Feb 2008director interest notice● Neutral
Jeffrey Lewis Bernstein became a Surge Global Energy, Inc. director and company insider (initial ownership filing).
22 Feb 2008director interest notice● Neutral
Charles Victor Sage became a Surge Global Energy, Inc. director and company insider (initial ownership filing).