Surge Energy Inc said its 2010 exit production rate was ahead of its raised forecast and backed its 2011 output view. The light oil-focussed company added 640 net acres to its Valhalla light oil asset in western Alberta, which it acquired last year, and agreed to buy a 50 percent working interest in the Doig pool. Following the acquisition of Valhalla, the Alberta-based company had raised its 2010 exit rate to 4,500 barrels of oil equivalent per day (boe/d) from 3,800 boe/d.
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