9 Mar 2006director interest notice● Neutral
Surge Global Energy, Inc. 10%+ owner Steven Heard sold 38,045 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
9 Mar 2006director interest notice● Neutral
Surge Global Energy, Inc. 10%+ owner Steven Heard disposed of 25,200 shares via option/appreciation-right settlement.
24 Feb 2006director interest notice● Neutral
Surge Global Energy, Inc. 10%+ owner Steven Heard sold 14,100 shares.
24 Feb 2006director interest notice● Neutral
Surge Global Energy, Inc. 10%+ owner Steven Heard sold 29,205 shares.
24 Feb 2006director interest notice● Neutral
Surge Global Energy, Inc. 10%+ owner Steven Heard sold 21,800 shares.
17 Feb 2006director interest notice● Neutral
Surge Global Energy, Inc. 10%+ owner Steven Heard disposed of 63,400 shares via option/appreciation-right settlement.
17 Feb 2006director interest notice● Neutral
Surge Global Energy, Inc. 10%+ owner Steven Heard disposed of 38,600 shares via option/appreciation-right settlement.
13 Feb 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 5,000 shares at $1.61.
13 Feb 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet bought 75,000 shares on the open market.
13 Feb 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 15,000 shares.
13 Feb 2006director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet bought 75,000 shares on the open market.
31 Jan 2006director interest notice● Neutral
Surge Global Energy, Inc. director Frederick C Berndt sold 16,174 shares at $0.65.
31 Jan 2006director interest notice● Neutral
Surge Global Energy, Inc. Vice President Frederick C Berndt sold 250,000 shares.
25 Jan 2006director interest notice● Neutral
Surge Global Energy, Inc. 10%+ owner Steven Heard disposed of 25,000 shares via option/appreciation-right settlement.
20 Jan 2006director interest notice● Neutral
Surge Global Energy, Inc. 10%+ owner Steven Heard disposed of 5,650 shares via option/appreciation-right settlement.
30 Dec 2005securities registration● Neutral
Surge Global Energy, Inc. registered a small-business securities offering with the SEC.
28 Dec 2005capital raising announcement● NeutralMajor
Surge stopped funding Sawn Lake itself and let its subsidiary Signet Energy raise C$5.7 million directly from Canadian investors in flow-through shares and 7% convertible debentures. Money for the project, but raised at the subsidiary - the first step in Surge's stake being diluted away.
20 Dec 2005director interest notice● Neutral
Surge Global Energy, Inc. 10%+ owner Steven Heard disposed of 655,000 shares via option/appreciation-right settlement.
20 Dec 2005director interest notice● Neutral
Surge Global Energy, Inc. 10%+ owner Steven Heard disposed of 405,000 shares via option/appreciation-right settlement.
30 Nov 2005director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 5,000 shares at $1.61.
25 Nov 2005director interest notice● Neutral
Surge Global Energy, Inc. director Idziszek Chet sold 15,000 shares.
22 Nov 2005director interest notice● Neutral
Surge Global Energy, Inc. 10%+ owner Steven Heard disposed of 655,000 shares via option/appreciation-right settlement.
14 Nov 2005late filing notice▼ Bad
Surge Global Energy, Inc. notified the SEC that its quarterly report would be filed late.
19 Oct 2005drilling progress report▼ BadMajor
Two things at once: Surge spudded its first well at Sawn Lake in late September and won approval to drill a horizontal producer - and then Deep Well and Northern, its own farm-out partners, sued it in the Alberta courts over that same agreement. The asset and the lawsuit over the asset arrived in the same month.
25 Aug 2005capital raising announcement▲ GoodMajor
Surge raised just $300,000 at $1.00 a share, and every buyer was an existing investor or a director - Fritz, Idziszek, Vandergrift, Gersh and Plaksin. More significantly, holders of $1.71 million of convertible notes agreed to convert on the same terms, clearing the debt taken on to fund Sawn Lake.
15 Aug 2005late filing notice▼ Bad
Surge Global Energy, Inc. notified the SEC that its quarterly report would be filed late.
29 Mar 2005substantial holder notice● Neutral
David Perez disclosed a new substantial Surge Global Energy, Inc. shareholding (7.00% of votes).
24 Mar 2005capital raising announcement● NeutralMajor
Surge borrowed $1.575 million from investor Mark Fritz on a convertible note with warrants to fund the Sawn Lake drilling commitment - debt rather than equity, because the well had to be drilled on a deadline.
3 Mar 2005capital raising announcement▲ GoodMajor
Surge got its first real operating asset: a farm-out with Deep Well Oil & Gas and Northern Alberta Oil at Sawn Lake in Alberta, where drilling a test well within 150 days at its own cost would earn it half their working interest, building towards 40% of 63 sections. Ambitious for a company with almost no cash - and the drilling deadline is the risk.
28 Feb 2005substantial holder notice● Neutral
Duncan Hill, Inc., William L. Miller reported a Surge Global Energy, Inc. shareholding of 772,100 shares (3.30% of votes) in a periodic institutional filing.