Surge Global Energy, Inc.
OTC Bulletin Board : SRGG

October 19, 2005 17:50 ET

Surge Global Energy is Granted Approval by the Alberta Energy Utilities Board to Proceed with the Drilling of a Horizontal Production Well at Sawn Lake

SAN DIEGO--(CCNMatthews - Oct 19, 2005) -

Surge Global Energy, Inc. (OTCBB:SRGG) is pleased to announce that the Alberta Energy Utilities Board (AEUB) has granted its wholly owned subsidiary Surge Global Energy (Canada) Ltd. an amendment to its original Test Well License No. 0338653 at Sawn Lake, Alberta Canada. CEO Fred Kelly, stated "we started drilling a horizontal production well this morning after receiving approval by the AEUB yesterday. This action was taken after reviewing the coring and logging of the vertical test well, which was completed on October 5th. Our team of geologists and petroleum engineers recommended the drilling of this horizontal well to test production of the Bluesky Oil Sands Formation by drilling a 600 meter horizontal well at the vertical depth of a approximately 680 meters."

Surge has a right to earn a 40 percent undivided working interest in the properties covered by the farmout agreement with Deep Well Oil & Gas, Inc. The total project has been estimated by Ryder Scott, a leading engineering firm to contain a total of 820 million barrels of oil in place (328 million applicable to Surge's 40% working interest) with a 10% recovery factor. Further details can be viewed on the Surge website.

Surge Global Energy, Inc. with headquarters in San Diego, California and its wholly owned subsidiary Surge Global Energy (Canada) Ltd. based in Calgary, Canada is now positioned to become a heavy oil and gas exploitation company with the establishment of a major operational base in the Sawn Lake Area of Alberta, Canada (Western Canadian Sedimentary Basin).

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This release contains forward-looking statements with respect to expected capital, investment and exploration spending, future drilling plans, possible reserve additions, the timing and levels of production, Some factors that could potentially affect the exploration and drilling activities, possible reserve additions, the timing and levels of production, and the Sawn Lake Oil Fields development include pricing, supply and demand for petroleum products, amount of capital available for exploration and development, occurrence of acquisitions/dispositions of oil and gas properties, regulatory constraints, timing of commencing production from new wells, drilling rig availability, unforeseen hazards such as weather conditions, acts of war or terrorist acts and the governmental or military response thereto, and other geological, operating and economic considerations. The foregoing factors (among others) could cause actual results to differ materially from those set forth in the forward-looking statements. In accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, Surge Global Energy Inc. has included in its Annual Report on Form 10-K for the year ended December 31, 2004, and subsequent Forms 10-Q and 8-K, cautionary language identifying other important factors, though not necessarily all such factors, that could cause future outcomes to differ materially from those set forth in the forward-looking statements.

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