Surge Energy Inc. announced that it has entered into an agreement to acquire certain high quality, low decline, operated, light oil producing assets strategically located in the company's core area of SE Saskatchewan. In 2014, the company's expects after acquisition, average production expected to be 16,125 boe/d (84% Oil/NGLs), exit production of 15,500 boe/d (83% Oil/NGLs), 16,550 boe/d (84% Oil/NGLs) a year ago. Capital spending of $116 million.

Funds from operations expects to $236 million or $1.34 per share. Exit net debt expects to $326 million in 2014.