POGI connection with SRGG Surge Global Energy Inc. Spuds First Well at Sawn Lake and Validates the Farmout Agreement with Deep Well Oil & Gas Inc. and Northern Alberta Oil, LTD. Thursday September 29, 12:17 pm ET
SAN DIEGO--(BUSINESS WIRE)--Sept. 29, 2005--Surge Global Energy, Inc. (OTCBB:SRGG - News) is very pleased to announce that it has spudded its first well at Sawn Lake, Alberta Canada on September 25th at 10:45 A.M. Surge CEO Fred Kelly said that, " The Alberta Energy and Utilities Board (AEUB) issued to Surge Well License (No. 0338653) on September 21, 2005 at 4:28 P.M. MT, despite the high demand for drilling rigs, within hours we were able to secure a rig from Precision Drilling. Late last Friday night we began preparation of the lease and commenced the move of drilling equipment Saturday (9/23) morning. The first well has been spudded targeting the Bluesky formation zone on SE1/4 of section 36, township 91, range 13 W5M. This well is now in the process of being drilled vertically and will be cored over the next five days."
August POGI news connection with SRGG Update: Paradigm Oil & Gas is Pleased to Announce the Sawn Lake Project is Moving Forward Thursday August 11, 9:30 am ET
CALGARY, Alberta--(BUSINESS WIRE)--Aug. 11, 2005--Paradigm Oil & Gas Inc. (OTCBB:POGI - News) is pleased to announce that at the August 3rd Joint Operators meeting, Surge Global Energy, the operating company for the Sawn Lake project, announced that the drilling will be moving forward and they had applied for their drilling license on the first hole. David Perez the CEO of Surge expected to be drilling in the next few short weeks.
The company has a 10% working interest (net 5%) in the first two wells that are to be drilled at Sawn Lake.
As press released earlier the drilling on the Todd Creek Well located in 13-28-9-2W5 in Alberta, Canada has been completed and is set to move into the testing stage. The operators continue to keep the well on "tight hole" status. Further news will be released upon completion of testing.
Following the evaluation of the 13-28 well, additional drilling is anticipated during the second half of the year on company lands.
The Company owns a 5% working interest in 13.75 sections of in Todd Creek with an option to earn interests in 7 additional sections of land. The operator of the Todd Creek concession has received a license to install a gas plant facility for up to 10,000 mcf/day of gas to be located just south of Company lands. This plant will give the company immediate access to market
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