TORC Oil & Gas

Surge Energy Inc. is an oil focused E&P company that has a high quality crude oil reserve, production and cash flow base. Surge has elite, operated properties characterized by large OOIP crude oil reservoirs with low recovery factors, an extensive 10 year inventory of more than 1000 low risk development drilling locations, several high quality waterflood projects, and an excellent balance sheet. Surge's management team has initiated an orderly, on-going risk management/hedging program designed to protect cash flows, fund capital expenditures, and to pay dividends.