SAN DIEGO, Nov. 6, 2007 (PRIME NEWSWIRE) -- Surge Global Energy, Inc. (OTCBB:SRGG) ("Surge") announced today that it has retained Rundle Energy Partners Ltd. ("Rundle") to act as exclusive Canadian marketer and advisor to allow Surge to consider other strategic alternatives in the Canadian energy sector.
David Perez, Chairman and CEO of Surge stated, "We selected Rundle due to their experience in specializing in transaction advisory services exclusively focused on Oil & Gas E&P and Oil Field Services sector. Rundle has already completed over 500 transactions in Canada with most of the leading energy companies. Rundle has built a solid track record in the oil and gas industry with clients that within the past year include EnCana Corporation, PennWest Energy Trust, Chevron Corporation, Canadian Oil Sands Trust and Suncor Corporation. We are looking forward to working with Rundle to explore all of our options to enhance shareholder value."
Bevin Wirzba, Managing Director of Rundle, said, "Surge's interests represent a unique opportunity in the energy sector. The Company has material non-operating resource interests in heavy oil assets that represent long term growth opportunities as well as a strong corporate cash position for near term investment opportunities." Interested parties should contact Rundle directly for additional details (bwirzba@rundleenergy.com or call Bevin Wirzba at +1-403-297-9736).
About Surge Global Energy, Inc.
Surge Global Energy, Inc is a U.S. based early stage oil and gas exploration company seeking to invest and acquire properties in the oil sands regions of Canada with a current interest in an exploration stage oil and gas project in Argentina and looking to identify, acquire and develop working interests in other underdeveloped oil and gas projects.
The Surge Global Energy, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2471
About Rundle Energy Partners Ltd.
Rundle Energy Partners Ltd. and its predecessor (Kobayashi Partners Limited) have provided trusted transaction advisory services since 1990. We are distinguished with having expert strategic, technical, and commercial capabilities, specializing in corporate and asset divestitures, exclusively for Oil & Gas Producer and Oilfield Service clients. Having represented over 500 transactions in Canada, our firm provides Oil and Gas Industry clients with leading independent advisory representation.
Forward-Looking Statements
Materials in this press release may contain information that includes or is based upon forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Forward-looking statements give our expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe" and other words and terms of similar meaning in connection with a discussion of future operating or financial performance. In particular, these include statements relating to future steps we may take, prospective products, future performance or results of current and anticipated products, sales efforts, expenses, the outcome of contingencies such as legal proceedings, and financial results.
Any or all of our forward-looking statements here or in other publications may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Many such factors will be important in determining our actual future results. Consequently, no forward-looking statement can be guaranteed. Our actual results may vary materially, and there are not guarantees about the performance of our stock.
Any forward-looking statements represent our expectations or forecasts only as of the date they were made and should not be relied upon as representing our expectations or forecasts as of any subsequent date. We undertake no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise, even if our expectations or forecasts change. You are advised, however, to consult any further disclosures we make on related subjects in our reports filed with the SEC. In particular, you should read the discussion in the sections entitled "Cautionary Statement Regarding Forward-Looking Statements" and "Risk Factors" in the Company's SB-2 filed with the SEC on August 27, 2007, and in our most recent Annual Report on Form 10-KSB, as it may be updated in subsequent reports filed with the SEC. That discussion covers certain risks, uncertainties and possible inaccurate assumptions that could cause our actual results to differ materially from expected and historical results. Other factors besides those listed there could also adversely affect our results.