SAN DIEGO, Sept. 17, 2007 (PRIME NEWSWIRE) -- Surge Global Energy, Inc. (OTCBB:SRGG) ("Surge") announced that its annual stockholders' meeting has been rescheduled to January 14, 2008 while the Board of Directors develops Surge's strategic direction.
As a result of transactions, including the sale of its subsidiary, Peace Oil Corp's assets, and in view of recent market turmoil, company officials reported that the Board of Directors is carefully evaluating strategic opportunities. "The Board is in the process of redefining the company's strategic direction with the goal of increasing shareholder value and developing the company to its fullest potential," stated CEO David Perez.
It was also reported that an additional independent director, Dale Fisher, was appointed to the Surge's Board. Mr. Fisher resides in Calgary, Alberta, Canada and brings to the board over 27 years of corporate experience primarily in the energy field. Mr. Fisher holds a Master's degree in Education and Mathematics Curriculum from the University of Calgary and a Bachelor of Science in Chemistry from the University of Alberta.
Surge Global Energy, Inc. is an early stage oil and gas exploration company. Surge seeks to invest and acquire properties in the oil sands regions of Canada. Surge also has an interest in an exploration stage oil and gas project in Argentina and is looking to identify, acquire and develop working interests in other underdeveloped oil and gas projects in socially and politically stable regions.
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