11 May 2010substantial holder notice● Neutral
Frederick C. Berndt reported a Surge Global Energy, Inc. shareholding of 2,878,250 shares (8.60% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Apr 2010director interest notice● Neutral
Surge Global Energy, Inc. director Charles V Sage received a stock option grant for 400,000 shares.
31 Mar 2010late filing notice▼ Bad
Surge Global Energy, Inc. notified the SEC that its annual report would be filed late.
8 Feb 2010material agreement▼ Bad
Surge settled Andora's indemnity claim over the old Dynamo Energy lawsuits for about C$600,000, paid by giving up 375,000 of its escrowed Andora shares. The 2004 Dynamo agreement that started Surge's oil career was still costing it shares six years later.
27 Jan 2010securities registration● Neutral
Surge Global Energy, Inc. amended a filing by which it filed notice of an exempt private placement.
21 Jan 2010securities registration● Neutral
Surge Global Energy, Inc. filed notice of an exempt private placement.
14 Dec 2009asset acquisition disposition● Neutral
Surge paid $300,000 for a 75% interest until payout in four old wells on a 40-acre lease in Pawnee County, Oklahoma, with the money going straight to a contractor to rework them. A tiny, third-hand production deal for a company that once claimed 276 million barrels of reserves.
9 Nov 2009director interest notice● Neutral
Surge Global Energy, Inc. director Warren Dillard received a stock option grant for 800,000 shares.
9 Nov 2009director interest notice● Neutral
Surge Global Energy, Inc. director David A Rapaport received a stock option grant for 800,000 shares.
9 Nov 2009director interest notice● Neutral
Surge Global Energy, Inc. director Fred B Zaziski received a stock option grant for 800,000 shares.
28 Oct 2009material agreement▼ BadMajor
Surge sold 450,000 of its 500,000 11 Good Energy shares to former director Frederick Berndt for $450,000, booking a $346,500 gain. In the same filing it wrote down its Wyoming Qualmay #12-42 well by $316,530 because revised production and reserves would not recover the investment.
19 Oct 2009director interest notice● Neutral
Fred B Zaziski became a Surge Global Energy, Inc. director and company insider (initial ownership filing).
19 Oct 2009director interest notice● Neutral
Warren Dillard became a Surge Global Energy, Inc. director and company insider (initial ownership filing).
19 Oct 2009director interest notice● Neutral
David A Rapaport became a Surge Global Energy, Inc. director and company insider (initial ownership filing).
9 Sept 2009director interest notice● Neutral
Surge Global Energy, Inc. director Mark C Fritz sold 25,000 shares.
25 Aug 2009director interest notice● Neutral
Surge Global Energy, Inc. director Mark C Fritz sold 12,500 shares at $0.06.
25 Aug 2009director interest notice● Neutral
Surge Global Energy, Inc. 10%+ owner Mark C Fritz sold 26,000 shares.
16 July 2009material agreement▼ BadMajor
Surge settled its litigation with former director Daniel Schreiber and his company Granite Financial, closing out a run of disputes that also included a claim by former chief executive David Perez over indemnity for his legal costs, settled earlier in 2009. The board that ran Surge through the oil sands years had ended up suing it.
17 June 2009material agreement● Neutral
Surge pulled cash forward wherever it could, taking $297,057 to settle early a loan to 11 Good Energy, a company run by Frederick Berndt - the same man whose Bible Resources reverse merger created Surge in 2002 - and giving Berndt an option over Surge's 500,000 11 Good Energy shares.
27 Apr 2009director interest notice● Neutral
Surge Global Energy, Inc. director Charles V Sage received a stock option grant for 300,000 shares.
27 Apr 2009director interest notice● Neutral
Surge Global Energy, Inc. director Jeffrey Lewis Bernstein received a stock option grant for 300,000 shares.
27 Apr 2009director interest notice● Neutral
Surge Global Energy, Inc. director Barry Nussbaum received a stock option grant for 600,000 shares.
27 Apr 2009director interest notice● Neutral
Surge Global Energy, Inc. Chief Executive Officer E Jamie Schloss received a stock option grant for 600,000 shares.
27 Apr 2009director interest notice● Neutral
Surge Global Energy, Inc. director Kenneth Polin received a stock option grant for 300,000 shares.
27 Apr 2009director interest notice● Neutral
Surge Global Energy, Inc. director Mark C Fritz received a stock option grant for 300,000 shares.
27 Apr 2009director interest notice● Neutral
Surge Global Energy, Inc. director Edwin J Korhonen received a stock option grant for 300,000 shares.
15 Apr 2009material agreement● Neutral
Amended filing (April 2009) that attaches the June 17, 2008 employment contract of E. Jamie Schloss, CEO and CFO, and corrects two dates in the original. The contract runs to April 30, 2010, at $9,500 a month rising to $10,500 (from 2009) and then $11,500 (from mid-2009), with 50% of the pay allocated to Peace Oil or another Surge subsidiary. It also covers expense reimbursement back to February 11, 2008, a $750 monthly car allowance, and indemnification lasting six years after the contract ends. The exhibit list also names share purchase agreements involving Fisher, Stouthearted, Cairns, Liu and Ma family trusts (Cold Flow Energy preferred shares and Surge common shares). The filing lists them as previously filed and gives no prices or other terms for them.
31 Mar 2009late filing notice▼ Bad
Surge Global Energy, Inc. notified the SEC that its annual report would be filed late.
14 Nov 2008substantial holder notice● Neutral
Barry Nussbaum reported a Surge Global Energy, Inc. shareholding of 2,740,833 shares (8.10% of votes) in a periodic institutional filing.
2 Oct 2008substantial holder notice● Neutral
Mark C. Fritz reported a Surge Global Energy, Inc. shareholding of 4,570,833 shares (13.70% of votes) in a periodic institutional filing.